NAOS being Transferred to Innovation Zone - the 88th Session "MX DeFi" with NAOS is Launched

#Kickstarter

Dear users,

To celebrate NAOS being transferred to the Innovation Zone on MEXC, as well as to give thanks to the NAOS community, MEXC will launch the 88th "MX DeFi'' Session to enable mining on NAOS tokens from October 26 to October 28. Throughout the campaign, users can stake MX and NAOS to earn liquidity yield on NAOS. The staking period will last 3 days. Details are as follows:

 

1.Campaign start time: 2021-10-26 02:00 (UTC)

2.Staking period: 2021-10-26 02:00 - 2021-10-28 16:00 (UTC)

3.The total yield pool includes 10,000 NAOS tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 7,000 NAOS liquidity yield (70% of the yield pool)

NAOS: no hard cap; a total of 3,000 NAOS liquidity yield (30% of the yield pool)

 

4.Ways to participate:

a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine NAOS” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine NAOS” to join

 

5.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 NAOS, the yield supply of T day is 2,333 NAOS 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) * 2,333 NAOS = 46.6 NAOS

 

Note:

  1. Minimum Entry Requirement: 10 MX and 1 NAOS respectively;
  2. If a user joins staking on day T, he/she can unlock the stake token on day T+1;
  3. 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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Enjoy trading on MEXC.

MEXC Team

25 October 2021