[Initial Listing]MEXC Will List Play It Forward DAO (PIF) and Launch a Session of “MX DeFi”

Dear users,

MEXC will list Play It Forward DAO (PIF) in the Innovation Zone and open trading for PIF/USDT trading pair. The specific timeline is as shown below:

Deposit & Withdrawal: Opened
PIF/USDT Trading: 2022-03-01 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 Play It Forward DAO community, the Play It Forward DAO team will launch a session of "MX DeFi'' to enable mining on PIF tokens from March 01 to March 03. Throughout the campaign, users can stake MX and PIF to earn liquidity yield on PIF. The staking period will last 3 days. Details are as follows:

Campaign start time: 2022-03-01 15:00 (UTC)
Staking period: 2022-03-01 15:00 - 2022-03-03 16:00 (UTC)

The total yield pool includes 320,000 PIF tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 256,000 PIF liquidity yield (80% of the yield pool)

PIF: no hard cap; a total of 64,000 PIF 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 PIF” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine PIF” 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 PIF, the yield supply of T day is 85,333 PIF 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) * 85,333 PIF= 1,706 PIF

Note:

Minimum Entry Requirement: 10 MX and 50 PIF 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 600,000 Play It Forward DAO (PIF) Airdrops!

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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