[Initial Listing]MEXC will List BreederDAO (BREED) and Launch the "MX DeFi" Session

Dear users,

MEXC will list BreederDAO (BREED) in the Innovation Zone and open trading for the BREED/USDT trading pair. The specific timeline is as shown below:

Deposit & Withdrawal: Opened
BREED/USDT Trading: 2022-04-30 14:00 (UTC)

Note: The price may move greatly for projects in the Innovation Zone. Please be cautious of the risks.

To give thanks to the BreederDAO community, the BreederDAO team will launch a session of "MX DeFi'' to enable mining on BREED tokens from April 30 to May 2. Throughout the campaign, users can stake MX and BREED to earn liquidity yield on BREED. The staking period will last 3 days. Details are as follows:

Campaign start time: 2022-04-30 14:00 (UTC)
Staking period: 2022-04-30 14:00 - 2022-05-02 16:00 (UTC)

The total yield pool includes 20,000 BREED tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 16,000 BREED liquidity yield (80% of the yield pool)
MKC: no hard cap; a total of 4,000 BREED 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 BREED” to join
Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine BREED” 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 MKC, the yield supply of T day is 5,333 BREED 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) * 5,333 BREED = 106.6 BREED

Note:

Minimum Entry Requirement: 10 MX and 8 BREED 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 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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