MEXC Will List Assemble Protocol (ASM) and Launch a Session of “MX DeFi”
Dear users,
MEXC will list Assemble Protocol (ASM) in the Innovation Zone and open trading for ASM/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- ASM/USDT Trading: 2022-03-04 14:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
To give thanks to the Assemble Protocol community, the Assemble Protocol team will launch a session of "MX DeFi'' to enable mining on ASM tokens from March 04 to March 06. Throughout the campaign, users can stake MX and ASM to earn liquidity yield on ASM. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-04 14:00 (UTC)
- Staking period: 2022-03-04 14:00 - 2022-03-06 16:00 (UTC)
The total yield pool includes 650,000 ASM tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 520,000 ASM liquidity yield (80% of the yield pool)
ASM: no hard cap; a total of 130,000 ASM 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 ASM” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine ASM” 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 ASM, the yield supply of T day is 173,333ASM 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) * 173,333 ASM = 3,466 ASM
Note:
- Minimum Entry Requirement: 10 MX and 100 ASM 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: Assemble Protocol (ASM)
Total Supply: 1,500,000,000 ASM
Official Website: https://assembleprotocol.io/
Block Explorer (ERC-20): https://etherscan.io/token/0x2565ae0385659badcada1031db704442e1b69982
Twitter: https://twitter.com/ASSEMBLE_io
Telegram: https://t.me/assembleprotocol
Medium: https://medium.com/assembleprotocol
Project Brief Introduction:
ASSEMBLE Protocol claims to be a blockchain-based global point integration platform. It is claimed that the basic idea behind the ASSEMBLE Protocol is to provide its users an unrestricted opportunity to use their points, similarly as they use cash, anywhere in the world without any time or place constraints. And to enable point providers and ASSEMBLE partners a pool of opportunities to further expand their businesses and an access to a rich pool of users.
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
04 March 2022