Dear users,
MEXC will list Degis (DEG) in the Innovation Zone and open trading for DEG/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- DEG/USDT Trading: 2022-04-27 12:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
To give thanks to the Degis community, the Degis team will launch a session of "MX DeFi'' to enable mining on DEG tokens from April 26 to April 28. Throughout the campaign, users can stake MX and DEG to earn liquidity yield on DEG. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-26 03:00 (UTC)
- Staking period: 2022-04-26 03:00 - 2022-04-28 16:00 (UTC)
The total yield pool includes 35,700 DEG tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 28,560 DEG liquidity yield (80% of the yield pool)
DEG: no hard cap; a total of 7,140 DEG 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 DEG” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine DEG” 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 DEG, the yield supply of T day is 9,520 DEG 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) * 9,520 DEG = 190.4 DEG
Note:
- Minimum Entry Requirement: 10 MX and 1 DEG 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: Degis (DEG)
Total Supply: 100,000,000 DEG
Official Website: https://degis.io/
Block Explorer (Avascan): https://avascan.info/blockchain/c/address/0x9f285507ea5b4f33822ca7abb5ec8953ce37a645/token
Twitter: https://twitter.com/ProjectDegis
Telegram: https://t.me/ProjectDegis
Discord: https://discord.com/invite/4C484BQVtp
Medium: https://degis.medium.com/
Project Brief Introduction:
Degis is the 1st all-in-one protection protocol built on Avalanche. The ultimate goal is to build a universal crypto protection platform and shape a decentralized protection ecosystem. With blockchain infrastructures, Degis can resolve cumbersome purchasing and complicated claims in the traditional markets and better perform via smart contracts.
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
MEXC trading: https://t.me/MEXCTradeofficial
Twitter: https://twitter.com/MEXC_Global
Facebook: https://www.facebook.com/mexcglobal
Discord: https://discord.gg/zu5drS8
Instagram: https://www.instagram.com/mexcglobal/
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Enjoy trading on MEXC.
The MEXC Team
25 April 2022
