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

Dear Users,

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

Deposit & Withdrawal: Opened
KOLNET/USDT Trading: 2022-06-29 14:00 (UTC)

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

To give thanks to the KOLnet community, the project team will launch a session of "MX DeFi'' to enable mining on KOLNET tokens from June 29 to July 1. Throughout the campaign, users can stake MX and KOLNET to earn liquidity yield on KOLNET. The staking period will last 3 days. Details are as follows:

Start time: 2022-06-29 14:00 (UTC)
Staking period: 2022-06-29 14:00 - 2022-07-01 16:00 (UTC)

The total yield pool includes 2,500,000 KOLNET tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 2,000,000 KOLNET liquidity yield (80% of the yield pool)

KOLNET: no hard cap; a total of 500,000 KOLNET 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 KOLNET” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine KOLNET” 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 KOLNET, the yield supply of T day is 666,666 KOLNET 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) * 666,666 KOLNET = 13,333.32 KOLNET

Note:

Minimum Entry Requirement: 10 MX and 400 KOLNET 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: KOLnet (KOLNET)

Total Supply: 1,000,000,000

Official Website: https://kolnet.io/

Block Explorer (Polygon): https://polygonscan.com/token/0xfd195a17e2a60d248a7148a919c5166ae907479a

Telegram: https://t.me/KOLnet_Official

Twitter: https://twitter.com/kolnet_official

Facebook: https://www.facebook.com/KOLnetOfficial

Instagram: https://www.instagram.com/kolnet_official/

Medium: https://medium.com/@KOLnet

Whitepaper

Project Brief Introduction:

KOLnet is an innovative, KOL exclusive Launchpool that allows early-stage projects to optimize their KOL (Influencer) marketing strategy by creating WEB3 Initial Marketing Offerings (IMOs). Initial Marketing Offerings (IMOs) attract micro KOLs to be rewarded in return for social media marketing incentivized by presale tokens.

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.

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