MEXC will list BiFi (BIFI) in the Innovation Zone and open trading for BIFI/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- BIFI/USDT Trading: 2022-02-07 10:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
To give thanks to the BiFi community, the BiFi team will launch a session of "MX DeFi'' to enable mining on BIFI tokens from February 07 to February 09. Throughout the campaign, users can stake MX and BIFI to earn liquidity yield on BIFI. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-02-07 10:00 (UTC)
- Staking period: 2022-02-07 10:00 - 2022-02-09 16:00 (UTC)
The total yield pool includes 850,000 BIFI tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 680,000 BIFI liquidity yield (80% of the yield pool)
BIFI : no hard cap; a total of 170,000 BIFI liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Earn” > “MX DeFi” > find “Stake to mine BIFI” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine BIFI” 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 BIFI, the yield supply of T day is 226,666 BIFI 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) * 226,666 BIFI = 4,533 BIFI
- Minimum Entry Requirement: 10 MX and 140 BIFI 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: BiFi (BIFI)
Total Supply: 1,000,000,000 BIFI
Official Website: https://bifi.finance/
Block Explorer: ERC-20
Project Brief Introduction:
BiFi is a multichain lending DeFi platform powered by Bifrost’s multichain technology not only Ethereum based tokens, but also other tokens from different blockchains such as Bitcoin, BSC, Avalanche, and Klaytn. Also BiFi offers a multichain wallet, Biport, allowing users to manage cryptocurrencies scattered across different blockchains all in one screen.
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.
Find us on:
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Enjoy trading on MEXC.
The MEXC Team
06 February 2022