[Initial Listing]MEXC will List Toobcoin (TOOB) and Launch the "MX DeFi" Session
Dear users,
MEXC will list Toobcoin (TOOB) in the Innovation Zone and open trading for the TOOB/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- TOOB/USDT Trading: 2022-04-22 07:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone. Please be cautious of the risks.
To give thanks to the Toobcoin community, the Toobcoin team will launch a session of "MX DeFi'' to enable mining on TOOB tokens from April 23 to April 25. Throughout the campaign, users can stake MX and TOOB to earn liquidity yield on TOOB. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-23 07:00 (UTC)
- Staking period: 2022-04-23 07:00 - 2022-04-25 16:00 (UTC)
The total yield pool includes 200,000 TOOB tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 160,000 TOOB liquidity yield (80% of the yield pool)
- TOOB: no hard cap; a total of 40,000 TOOB 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 TOOB” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine TOOB” 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 TOOB, the yield supply of T day is 53,333 TOOB 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) * 53,333 TOOB = 1,066 TOOB
Note:
- Minimum Entry Requirement: 10 MX and 20 TOOB 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: Toobcoin (TOOB)
Total Supply: 200,000,000 TOOB
Official Website: https://www.toobemi.com
Block Explorer (TRC-20): https://tronscan.io/#/token20/TV9HPmBWAC927VgYWfDWPgfUmj6nQYjjeU
Telegram01: https://t.me/toobemiofficial
Telegram02: https://t.me/toobemiglobal
Twitter: https://twitter.com/toobemiofficial
Project Brief Introduction:
Toobchain is the general name of the network that Toobemi will create with its sidechain technology. We call the currency that will be used over this network as Toobcoin, or TOOB for short. Users can securely store or transfer crypto funds on Toobwallet. It can also be used as a cold wallet.
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:
Medium: https://medium.com/mexcglobal
Telegram: https://t.me/MEXCEnglish
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Enjoy trading on MEXC.
The MEXC Team
21 April 2022