Dear users,
The Kickstarter for CoverCompared (CVR) has concluded. Users have contributed a total of 12122124.25093542 MX to vote for the CVR listing on MEXC!
Airdrop rewards have been distributed to users' accounts.
[CVR Listing Information]
- Deposit & Withdrawal: Opened
- CVR/USDT Trading: 2021-12-23 14:00 (UTC)
* Warning: Prices may fluctuate greatly for projects listed in the Innovation Zone, please be cautious of the risks.
Thank you for participating!
To give thanks to the CoverCompared community, MEXC will launch the "MX DeFi'' Session to enable mining on CVR tokens from December 24 to December 26. Throughout the campaign, users can stake MX and CVR to earn liquidity yield on CVR. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2021-12-24 02:00 (UTC)
- Staking period: 2021-12-24 02:00 - 2021-12-26 16:00 (UTC)
- The total yield pool includes 460,000CVR tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 368,000 CVR liquidity yield (80% of the yield pool)
CVR: no hard cap; a total of 92,000 CVR liquidity yield (20% of the yield pool)
Ways to participate:
a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine CVR” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine CVR” 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 CVR, the yield supply of T day is 122,666 CVR 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) * 122,666 CVR = 2,453 CVR
Note:
- Minimum Entry Requirement: 10 MX and 150 CVR respectively;
- If a user joins staking on day T, he/she can unlock the stake token on day T+1;
- The yield is calculated daily, and will be distributed to the user's account on the next day.
For more information regarding the Kickstarter event and project introduction of GRAV please refer to: [Initial Listing] MEXC Kickstarter - Vote to Win Free 600,000 CoverCompared (CVR) Airdrops!
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.
The MEXC Team
23 December 2021
