MEXC Exclusive: Mogul Productions (STARS) MX Defi is Launching!
Dear users,
To give thanks to the Mogul Productions community, the Mogul Productions team will launch a session of "MX DeFi'' to enable mining on STARS tokens from March 18 to March 20. Throughout the campaign, users can stake MX and STARS to earn liquidity yield on STARS. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-18 08:00 (UTC)
- Staking period: 2022-03-18 08:00 - 2022-03-20 16:00 (UTC)
The total yield pool includes 598,400 STARS tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 478,720 STARS liquidity yield (80% of the yield pool)
STARS: no hard cap; a total of 119,680 STARS 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 STARS” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine STARS” 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 STARS, the yield supply of T day is 159,573 STARS 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) * 159,573 STARS = 3,191 STARS
Note:
- Minimum Entry Requirement: 10 MX and 120 STARS 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.
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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The MEXC Team
17 March 2022