Dear users,
To give thanks to the Gadget War community, the Gadget War team will launch a session of "MX DeFi'' to enable mining on GWAR tokens from March 11 to March 13. Throughout the campaign, users can stake MX and GWAR to earn liquidity yield on GWAR. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-11 10:00 (UTC)
- Staking period: 2022-03-11 10:00 - 2022-03-13 16:00 (UTC)
The total yield pool includes 2,000,000 GWAR tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 1,600,000 GWAR liquidity yield (80% of the yield pool)
GWAR: no hard cap; a total of 400,000 GWAR liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Earn” > “MX DeFi” > find “Stake to mine GWAR” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine GWAR” 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 GWAR, the yield supply of T day is 533,333 GWAR 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) * 533,333 GWAR =10,666 GWAR
Note:
- Minimum Entry Requirement: 10 MX and 2,000 GWAR 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 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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The MEXC Team
10 March 2022
