MEXC will list MARBLEX (MBX) in the Innovation Zone and open trading for the MBX/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- MBX/USDT Trading: 2022-07-01 05:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone. Please be cautious of the risks.
To give thanks to the MARBLEX community, the project team will launch a session of "MX DeFi'' to enable mining on MBX tokens from July 1 to July 3. Throughout the campaign, users can stake MX and MBX to earn liquidity yield on MBX. The staking period will last 3 days. Details are as follows:
- Start time: 2022-07-01 05:00 (UTC)
- Staking period: 2022-07-01 05:00 - 2022-07-03 16:00 (UTC)
The total yield pool includes 3,117 MBX tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 2,494 MBX liquidity yield (80% of the yield pool)
MBX: no hard cap; a total of 623 MBX 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 MBX” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine MBX” 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 MBX, the yield supply of T day is 831 MBX 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) * 831 MBX = 16.62 MBX
- Minimum Entry Requirement: 10 MX and 0.5 MBX 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: MARBLEX (MBX)
Total Supply: 1,000,000,000 MBX
Official Website: www.marblex.io
Project Brief Introduction:
MARBLEX is a project that aims to create a healthy blockchain ecosystem to return the benefits of playing Netmarble’s games to its users.
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
29 June 2022