Dear users,
MEXC will list Astar (ASTR) in the Innovation Zone and open trading for ASTR/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- ASTR/USDT Trading: 2022-04-14 08:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
To give thanks to the Astar community, the Astar team will launch a session of "MX DeFi'' to enable mining on ASTR tokens from April 13th to April 16th. Throughout the campaign, users can stake MX and ASTR to earn liquidity yield on ASTR. The staking period will last 4 days. Details are as follows:
- Campaign start time: 2022-04-13 10:00 (UTC)
- Staking period: 2022-04-13 10:00 - 2022-04-16 16:00 (UTC)
The total yield pool includes 88,000 ASTR tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 70,400 ASTR liquidity yield (80% of the yield pool)
ASTR: no hard cap; a total of 17,600 ASTR 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 ASTR” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine ASTR” 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 ASTR, the yield supply of T day is 17,600 ASTR 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) * 17,600 ASTR = 352 ASTR
Note:
- Minimum Entry Requirement: 10 MX and 18 ASTR 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.
Project Info
(This information is provided by the project team. Strictly for references only.)
Project Name: Astar (ASTR)
Total Supply: 7,000,000,000 ASTR
Official Website: https://Astar.network
Block Explorer: https://Astar.subscan.io
Twitter: https://twitter.com/AstarNetwork
Telegram: https://t.me/PlasmOfficial
Discord: https://discord.com/invite/Z3nC9U4
Project Brief Introduction:
Astar Network is the #1 TVL Smart Contract Hub for WASM + EVM on Polkadot.
Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over. Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines—namely WASM and EVM—and offers the best technology solutions and financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable, and interoperable blockchain.
Risk Warning
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:
Medium: https://medium.com/mexcglobal
Telegram: https://t.me/MEXCEnglish
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Twitter: https://twitter.com/MEXC_Global
Facebook: https://www.facebook.com/mexcglobal
Discord: https://discord.gg/zu5drS8
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Enjoy trading on MEXC.
The MEXC Team
13 April 2022
