To give thanks to the MeanFi community, MEXC will launch the "MX DeFi'' Session to enable mining on MEAN tokens from January 16th to January 20th. Throughout the campaign, users can stake MX and MEAN to earn liquidity yield on MEAN. The staking period will last 5 days. Details are as follows:
- Campaign start time: 2022-01-16 02:00 (UTC)
- Staking period: 2022-01-16 02:00 - 2022-01-20 16:00 (UTC)
The total yield pool includes 43,716 MEAN tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 34,972.8 MEAN liquidity yield (80% of the yield pool)
MEAN: no hard cap; a total of 8,743.2 MEAN liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine MEAN” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MEAN” 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 MEAN, the yield supply of T day is 6,994.56 MEAN 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) * 6,994.56 MEAN = 139.8912MEAN
- Minimum Entry Requirement: 10 MX and 10 MEAN respectively;
- If a user joins staking on day T, he/she can unlock the staking token on day T+1;
- The yield is calculated daily and will be distributed to the user's account on the next day.
(This information is provided by the project team. Strictly for references only.)
Project Name: MeanFi (MEAN)
Total Supply: 210,000,000 MEAN
Official Website: https://www.meanfi.com/
Project Brief Introduction:
MeanFi is a self-custody, permissionless & trustless web3 banking application powered by the Mean Protocol, and facilitates everyday banking and retail investment banking workflows to people and businesses around the world.
MeanFi is both a production web3 app and a reference implementation of the Mean Protocol smart contracts developers can use as a starting point for building apps that leverage the Mean Protocol.
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
15 January 2022