MEXC Will List Sukhavati Network (SKT) and Launch the 75th Session "MX DeFi"

Dear users,

MEXC will list Sukhavati Network (SKT) in the Innovation Zone and open trading for the SKT/USDT trading pair. The specific timeline is shown below.

Deposit & Withdrawal: Opened
SKT/USDT Trading: 2021-08-12 11:00 (UTC)

Note:

The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.

The 75th Session "MX DeFi" - Stake MX and SKT to Earn Yield SKT

Together with SKT’s listing, MEXC will launch the 75th "MX DeFi'' Session to enable mining on SKT tokens from August 12 to August 16. Throughout the campaign, users can stake MX and SKT to earn liquidity yield on SKT. The staking period will last 4 days. Details are as follows:

Campaign start time: 2021-08-12 14:00 (UTC)
Staking period: 14:00, August 12 - 16:00, August 15 (UTC)
The total yield pool includes 62,500 SKT tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 46,875 SKT liquidity yield (75% of the yield pool)

SKT: no hard cap; a total of 15,625 SKT liquidity yield (25% of the yield pool)

Ways to participate:

a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine SKT” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine SKT” to join

Liquidity yield calculation (daily):

User’s daily yield amount = (User’s staking value / total staking value) * Yield supply of the day

For example: Suppose user A stakes 10,000 MX to earn SKT, the yield supply of T day is 9,375 SKT for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, then, User A can earn a yield of:

(10,000 / 500,000) * 9,375 SKT = 187.5 SKT

Note:

Minimum Entry Requirement: 10 MX and 50 SKT respectively;
If a user join staking on day T, he/she can unlock the stake token on day T+1;
The yield is calculated daily, and will be distributed to the user's account on the next day.

Project Details

(This information is provided by the project party. Strictly for references only.)

Project Name: Sukhavati Network (SKT)

Official Website: https://www.sukhavati.io

Block Explorer: 0x012e0e6342308b247f36ee500ecb14dc77a7a8c1

Current Total Supply: 618,033,989 SKT

Twitter: https://twitter.com/Sukhavati_N

Telegram: https://t.me/SukhavatiNetwork

Discord: https://discord.com/invite/nhTd23PMSA

Reddit: https://www.reddit.com/r/SukhavatiNetwork/

Medium: https://sukhavati.medium.com

Whitepaper

Brief Introduction:

Sukhavati is a decentralized cloud service network focused on storage. Based on TEE and Substrate, it implements a low-consumption and meaningful storage verification mechanism: EPoSt (Efficient Proof of Spacetime). On the basis of this architecture, Sukhavati will establish a decentralized data access gateway covering both Web3.0 and Web2.0 storage ecosystems to provide unified data storage, retrieval, and management services for Web3.0 applications. Sukhavati support co-mining with IPFS or PoC projects (Chia & MASSnet) and interacting with Polkadot ecosystems via decentralized cloud service.

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global will make the best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

Find us on:

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Enjoy trading on MEXC.

The MEXC team