MEXC Will Launch the 105th Session of “MX DeFi” with ElonGate (ELONGATE)

Dear users,

To give thanks to the ELONGATE community, the ElonGate team will launch the 105th session of "MX DeFi'' to enable mining on ELONGATE tokens from November 26 to November 28. Throughout the campaign, users can stake MX and BIT to earn liquidity yield on ELONGATE. The staking period will last 3 days. Details are as follows:

Campaign start time: 2021-11-26 14:00 (UTC)
Staking period: 2021-11-26 14:00 - 2021-11-28 16:00 (UTC)

The total yield pool includes 368,000,000,000 ELONGATE tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 257,600,000,000 ELONGATE liquidity yield (70% of the yield pool)

BIT: no hard cap; a total of 110,400,000,000 ELONGATE 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 ELONGATE” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine ELONGATE” 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 ELONGATE, the yield supply of T day is 85,866,666,666.66 ELONGATE 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) * 85,866,666,666.66 ELONGATE = 1,717,333,333.33 ELONGATE

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.

For information on past activities, listing details and project info, kindly refer to: MEXC Kickstarter - Vote to Win Free 640,000,000,000 ElonGate (ELONGATE) Airdrops!

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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The MEXC Team