MEXC Exclusive: Acala Token (ACA) MX Defi is Launching!
Dear users,
Exciting News! Acala Token (ACA) MX Defi Yield Mining is launching! There will be a total of 20,000 ACA staking rewards up for grabs!
"MX DeFi" - Stake MX and ACA to Earn Yield of ACA
The "MX DeFi" Yield Mining is here! Users can stake their MX and ACA to earn a liquidity yield of ACA over 10 days. Specific details are as below.
- Event starting time: 2022-01-25 15:00 (UTC)
- Staking period: 2022-01-25 15:00 to 2022-02-04 16:00 (UTC)
- Staking tokens and yield allocation:
MX: no hard cap; a total of 16,000 ACA liquidity yield (80% of the yield pool)
ACA: no hard cap; a total of 4,000 ACA liquidity yield (20% of the yield pool)
- 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”
- 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 ACA, the yield supply of T day is 5,333 ACA 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) * 5,333 ACA = 106.66 ACA
Note:
- Entry standard: 10 MX, 10 ACA
- If users join staking on T day, users can unlock the coin on the T+1 day;
- The yield is calculated daily and distributed to the user's account the next day.
Risk Warning
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC will make the 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 safer, more efficient, and more reliable digital assets trading.
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The MEXC team
25 January 2022