MEXC Will List Kaby Arena and Launch "MX DeFi"

Dear users,

MEXC will list Kaby Arena (KABY) in the Innovation Zone and open trading for KABY/USDT trading pair. The specific timeline is as shown below:

Deposit & Withdrawal: Opened
KABY/USDT Trading: 2021-11-11 11:00 (UTC)

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

To give thanks to the KABY community, the Kaby Arena team will launch an "MX DeFi'' Session to enable mining on KABY tokens from November 11 to November 13. Throughout the campaign, users can stake MX and BIT to earn liquidity yield on KABY. The staking period will last 3 days. Details are as follows:

Campaign start time: 2021-11-11 14:00 (UTC)
Staking period: 2021-11-11 14:00 - 2021-11-13 16:00 (UTC)

The total yield pool includes 575,000 KABY tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 402,500 KABY liquidity yield (70% of the yield pool)

BIT: no hard cap; a total of 172,500 KABY liquidity yield (30% of the yield pool)

Ways to participate:

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

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine KABY” 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 KABY, the yield supply of T day is 134,166.66 KABY 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) * 134,166.66 KABY = 2,683.33 KABY

Note:

1. Minimum Entry Requirement: 10 MX and 5 BIT respectively;

2. If a user joins staking on day T, he/she can unlock the staking token on day T+1;

3. The yield is calculated daily and will be distributed to the user's account on the next day.

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make 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.

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Enjoy trading on MEXC.

The MEXC Team