MEXC will List Sypool (SYP) and Launch the "MX DeFi" Session

Dear users,

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

Deposit & Withdrawal: Opened
SYP/USDT Trading: 2021-12-21 08:00 (UTC)

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

"MX DeFi" - Stake MX and SYP to Earn Yield of SYP

The "MX DeFi'' Yield Mining is launching! Users can stake their MX and SYP to earn a liquidity yield of SYP over 3 days. There will be a total of 800,000 SYP staking rewards up for grabs!

Specific details are as below. :

Event starting time: 2021-12-20 12:00 (UTC)
Staking period: 2021-12-20 12:00 (UTC) - 2021-12-22 16:00 (UTC)
Staking tokens and yield allocation:

MX: no hard cap; a total of 640,000 in SYP liquidity yield (80% of the yield pool).

SYP: no hard cap; a total of 160,000 SYP liquidity yield (20% of the yield pool)

Participation method:

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 stake 10,000 MX to earn SYP, the yield supply of T day is 213,333.33 SYP for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, User A can earn a yield of:

(10,000 / 500,000) * 213,333.33 SYP = 4,266.6666 SYP

Note:

Entry standard: 10 MX, 200 SYP
If users join staking on T day, users can unlock the coin on the T+1 day;
The yield is calculated daily and distributed to the user's account the next day.

Project Info

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

Project Name: Sypool (SYP)

Total Supply: 1,000,000,000

Official Website: https://sypool.io/

Block Explorer (Solana): https://solscan.io/token/FnKE9n6aGjQoNWRBZXy4RW6LZVao7qwBonUbiD7edUmZ

Telegram: https://t.me/sypool_protocol

Twitter: https://twitter.com/SYP_Protocol

Discord: https://discord.com/invite/TeHJZG7xaj

Github: https://github.com/SypoolProtocol

Medium: https://sypool-protocol.medium.com/

Whitepaper

Project Brief Introduction:

Sypool Protocol is an asset management protocol where manages users' wealth and provides a platform for trading teams to deploy their strategies and raise money (tokens).

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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Twitter: https://twitter.com/MEXC_Global

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Facebook: https://www.facebook.com/mexcglobal

Discord: https://discord.gg/zu5drS8

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https://www.MEXC.com/invite

Enjoy trading on MEXC.