Voting Result and Listing Arrangement for Kickstarter - Shambala (BALA), MX Defi is Launching!

Dear users,

The session of Kickstarter for Shambala (BALA) has concluded. Users have contributed a total of 45,625,608.095922954 MX to vote for BALA listing on MEXC! 

Airdrop rewards have been distributed to users' accounts. 

[BALA Listing Information] 

1. Deposit & Withdrawal: Opened
2. BALA/USDT Trading in the Innovation Zone: 2022-02-09 13:00 (UTC)

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

Thank you for participating! 

For more information regarding the Kickstarter event and project introduction of BALA, please refer to: [Initial Listing] MEXC Kickstarter - Vote to Win Free 380,000 Shambala (BALA) Airdrops!

​​MEXC Exclusive: Shambala (BALA) MX Defi is Launching!

Exciting News! The Shambala (BALA) team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 800,000,000,000 BALA up for grabs!

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

Users can stake their MX and BALA to earn a liquidity yield of BALA over 3 days. Specific details are as below. 

1. Event starting time: 2022-02-09 13:00 (UTC)
2. Staking period: 2022-02-09 13:00 - 2022-02-11 16:00 (UTC)
3. Staking tokens and yield allocation:

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

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

4. Participation method:

Web: Log in to the MEXC official website – Find "Earn" on the Navigation Bar – Click "MX DeFi" to enter the event page — Select "Staking" 

APP: Find  "MX DeFi" on the homepage to enter the event page – Select "Staking”

5. 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 BALA, the yield supply of T day is 213,333,333,333 BALA 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) * 213,333,333,333 BALA = 4,266,666,667 BALA

Note:

1. Entry standard: 10 MX, 300,000,000 BALA 
2. If users join staking on T day, users can unlock the coin on the T+1 day;
3. The yield is calculated daily and distributed to the user's account the next day.

Risk Warning

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

09 February 2022