Dear users,
MEXC will list Okratech Token (ORT) in the Innovation Zone and open trading for the ORT/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- ORT/USDT Trading: 2022-04-03 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 Okratech Token community, the Okratech Token team will launch a session of "MX DeFi'' to enable mining on ORT tokens from April 3 to April 5. Throughout the campaign, users can stake MX and ORT to earn liquidity yield on ORT. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-03 12:00 (UTC)
- Staking period: 2022-04-03 12:00 - 2022-04-05 16:00 (UTC)
The total yield pool includes 677,778 ORT tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 542,222 ORT liquidity yield (80% of the yield pool)
- ORT: no hard cap; a total of 135,556 ORT 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 ORT” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine ORT” 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 ORT, the yield supply of T day is 180,741 ORT 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) * 180,741 ORT = 3,615 ORT
Note:
- Minimum Entry Requirement: 10 MX and 80 ORT 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: MEXC Kickstarter - Vote to Win Free 1,100,000 Okratech Token (ORT) Airdrops!
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.
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Enjoy trading on MEXC.
The MEXC Team
2 April 2022
