[Initial Listing]MEXC will List Philcoin (PHL) and Launch the "MX DeFi" Session

Dear users,

MEXC will list Philcoin (PHL) in the Innovation Zone and open trading for the PHL/USDT trading pair. The specific timeline is as shown below:

Deposit & Withdrawal: Opened
PHL/USDT Trading: 2022-04-21 15:00 (UTC)

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

To give thanks to the Philcoin community, the Philcoin team will launch a session of "MX DeFi'' to enable mining on PHL tokens from April 21 to April 23. Throughout the campaign, users can stake MX and PHL to earn liquidity yield on PHL. The staking period will last 3 days. Details are as follows:

Campaign start time: 2022-04-21 15:00 (UTC)
Staking period: 2022-04-21 15:00 - 2022-04-23 16:00 (UTC)

The total yield pool includes 30,000 PHL tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 24,000 PHL liquidity yield (80% of the yield pool)
PHL: no hard cap; a total of 6,000 PHL liquidity yield (20% of the yield pool)

Ways to participate:

Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine PHL” to join
Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine PHL” 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 stake 10,000 MX to earn PHL, the yield supply of T day is 8,000 PHL 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) * 8,000 PHL = 160 PHL

Note:

Minimum Entry Requirement: 10 MX and 5 PHL 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.

For details of previous activities and project information, please refer to: [Initial Listing] MEXC Kickstarter - Vote to Win Free 45,000 Philcoin (PHL) Airdrops!

Risk Warning

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