MEXC Will List Kunci Coin (KUNCI) and Launch a Session of “MX DeFi”

MEXC

2022-03-04

Dear users,

MEXC will list Kunci Coin (KUNCI) in the Innovation Zone and open trading for KUNCI/USDT trading pair. The specific timeline is as shown below:

Deposit & Withdrawal: Opened
KUNCI/USDT Trading: 2022-03-07 06:00 (UTC)

Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.

To give thanks to the Kunci Coin community, the Kunci Coin team will launch a session of "MX DeFi'' to enable mining on KUNCI tokens from March 07 to March 09. Throughout the campaign, users can stake MX and KUNCI to earn liquidity yield on KUNCI. The staking period will last 3 days. Details are as follows:

Campaign start time: 2022-03-07 06:00 (UTC)
Staking period: 2022-03-07 06:00 - 2022-03-09 16:00 (UTC)

The total yield pool includes 50,000 KUNCI tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 40,000 KUNCI liquidity yield (80% of the yield pool)

KUNCI: no hard cap; a total of 10,000 KUNCI 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 KUNCI” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine KUNCI” 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 KUNCI, the yield supply of T day is 13,333 KUNCI 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) * 13,333 KUNCI = 266 KUNCI

Note:

Minimum Entry Requirement: 10 MX and 5 KUNCI 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.

For details of previous activities and project information, please refer to: MEXC Kickstarter - Vote to Win Free 50,000 Kunci Coin (KUNCI) 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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