Dear users,

Exciting News! To celebrate the launch of VRS on MEXC, the VRES team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 388,888 VRS up for grabs!

 

"MX DeFi" - Stake MX and VRS to Earn Yield of VRS

Users can stake their MX and VRS to earn a liquidity yield of VRS over 3 days. Specific details are as below. 

1. Event starting time: 2022-06-29 08:00 (UTC)
2. Staking period: 2022-06-29 08:00 - 2022-07-01 16:00 (UTC)
3. Staking tokens and yield allocation:

MX: no hard cap; a total of 311,110  VRS liquidity yield (80% of the yield pool)

VRS: no hard cap; a total of 77,778 VRS liquidity yield (20% of the yield pool)

 

4. Participation method:

Web: Log in to the MEXC official website – Find "Earn" on the Navigation Bar – Click "MX DeFi" to enter the event page — Select "Staking" 

APP: Find  "MX DeFi" on the homepage to enter the event page – Select "Staking” 

 

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 VRS, the yield supply of T day is 103,703.33 VRS 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) * 103,703.33 VRS = 2,074.07 VRS

 

Note:

1. Entry standard: 10 MX, 200 VRS
2. If users join staking on T day, users can unlock the coin on the T+1 day;
3. The yield is calculated daily and distributed to the user's account the next day.

For more information regarding the M-Day event and project introduction of VRS, please refer to:

MEXC New M-Day - VRES (VRS) is Launching

 

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.

 

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Enjoy trading on MEXC.

The MEXC Team

27 June 2022