To give thanks to the Carbon Credit community, the Carbon Credit team will launch a session of "MX DeFi'' to enable mining on CCT tokens from July 5 to July 7. Throughout the campaign, users can stake MX and CCT to earn liquidity yield on CCT. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-07-05 03:00 (UTC)
- Staking period: 2022-07-05 03:00 - 2022-07-07 16:00 (UTC)
The total yield pool includes 36,000 CCT tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 28,800 CCT liquidity yield (80% of the yield pool)
CCT: no hard cap; a total of 7,200 CCT 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 CCT” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine CCT” 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 CCT, the yield supply of T day is 12,000 CCT 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) * 12,000 = 240 CCT
- Minimum Entry Requirement: 10 MX and 30 CCT 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.
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
4 July 2022