Dear users,
MEXC will list Ekta (EKTA) in the Innovation Zone and open trading for the EKTA/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- EKTA/USDT Trading: 2022-04-18 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 Ekta community, the Ekta team will launch a session of "MX DeFi'' to enable mining on EKTA tokens from April 18 to April 20. Throughout the campaign, users can stake MX and EKTA to earn liquidity yield on EKTA. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-18 15:00 (UTC)
- Staking period: 2022-04-18 15:00 - 2022-04-20 16:00 (UTC)
The total yield pool includes 15,000 EKTA tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 12,000 EKTA liquidity yield (80% of the yield pool)
- EKTA: no hard cap; a total of 3,000 EKTA 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 EKTA” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine EKTA” 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 EKTA, the yield supply of T day is 4,000 EKTA 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) * 4,000 EKTA = 1,333 EKTA
Note:
- Minimum Entry Requirement: 10 MX and 2 EKTA 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: Ekta (EKTA)
Total Supply: 216,240,000 EKTA
Official Website: https://www.ekta.io/
Block Explorer (BEP-20): https://bscscan.com/token/0x45808ce43eb2d7685ff0242631f0feb6f3d8701a#balances
Twitter: https://twitter.com/EktaChain
Telegram: https://t.me/ekta_community
Project Brief Introduction:
Ekta is an EVM compatible layer 1 mainnet which bridges traditional industries, businesses, and assets onto blockchain through their self-developed NFT marketplace, hybrid exchange, and metaverse. Their mission is to bring the next million people on-chain, enable sustainable long term value, and empower everyone to profit with purpose.
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.
Find us on:
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Enjoy trading on MEXC.
The MEXC Team
17 April 2022
