Dear users,
To give thanks to the NAO community, the NFTDAO team will launch a session of "MX DeFi'' to enable mining on NAO tokens from January 23 to January 25. Throughout the campaign, users can stake MX and NAO to earn liquidity yield on NAO. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-01-23 02:00 (UTC)
- Staking period: 2022-01-23 02:00 - 2022-01-25 16:00 (UTC)
The total yield pool includes 50,000,000,000 NAO tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 35,000,000,000 NAO liquidity yield (70% of the yield pool)
NAO: no hard cap; a total of 15,000,000,000 NAO liquidity yield (30% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine NAO” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine NAO” 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 NAO, the yield supply of T day is 11,666,666,666 worth of NAO 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) * 11,666,666,666 worth of NAO= 233,333,333 NAO
Note:
- Minimum Entry Requirement: 10 MX and 20,000,000 NAO 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 listing arrangements and project details, please refer to: [Initial Listing] MEXC Kickstarter - Vote to Win Free 138,000,000,000 NFTDAO (NAO) Airdrops!
Risk Reminders
Users are strongly advised to do their own research before participating. Nothing herein shall be construed to be financial advice or recommendation to participate in the associated network. The price of the project token may fluctuate greatly due to market conditions and other factors. Withdrawal for the project token may be suspended (fully/partially) due to the token mechanism.
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Enjoy trading on MEXC.
The MEXC Team
22 January 2022
