Dear users,
MEXC will list STAR Chain (STAR1) in the Innovation Zone and open trading for the STAR1/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- STAR1/USDT Trading: 2022-04-16 08:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone. Please be cautious of the risks.
To give thanks to the STAR Chain community, the STAR Chain team will launch a session of "MX DeFi'' to enable mining on STAR1 tokens from April 16 to April 18. Throughout the campaign, users can stake MX and STAR1 to earn liquidity yield on STAR1. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-04-16 08:00 (UTC)
- Staking period: 2022-04-16 08:00 - 2022-04-18 16:00 (UTC)
The total yield pool includes 60,000 STAR1 tokens. Hard cap and allocation details to each staking crypto asset are as follows:
- MX: no hard cap; a total of 48,000 STAR1 liquidity yield (80% of the yield pool)
- STAR1: no hard cap; a total of 12,000 STAR1 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 STAR1” to join
- Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine STAR1” 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 STAR1, the yield supply of T day is 16,000 STAR1 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) * 16,000 STAR1 = 320 STAR1
Note:
- Minimum Entry Requirement: 10 MX and 10 STAR1 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.
Project Info
(This information is provided by the project team. Strictly for references only.)
Project Name: STAR Chain (STAR1)
Total Supply: 10,000,000,000 STAR1
Official Website: http://star-chain.io/index_en.html#
Block Explorer (SPL): https://solscan.io/token/EXGqHqvKBs4Z1mCwhiGE7kT2TXGFirAjvQzPSQP8nvuw
Twitter: https://twitter.com/StarChain20
Telegram01: https://t.me/StarChain
Telegram02: https://t.me/StarChain_Global
Project Brief Introduction:
STAR CHAIN's platform has steadily developed K-POP-based cultural business, so it has great growth potential, and participants have low thresholds and easy accessibility because the main stage is held online, not by broadcasters.
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.
Find us on:
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Enjoy trading on MEXC.
The MEXC Team
15 April 2022
