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MEXC will List AmazingDoge (ADOGE) and Launch the “MX DeFi” Session

由 ·

Dear users,

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

  • Deposit & Withdrawal: Opened
  • ADOGE/USDT Trading: 2022-05-01 10:00 (UTC)

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

 

To give thanks to the ADOGE community, the project team will launch a session of “MX DeFi” to enable mining on ADOGE tokens from May 1 to May 3. Throughout the campaign, users can stake MX and ADOGE to earn liquidity yield on ADOGE. The staking period will last 3 days. Details are as follows:

  • Campaign start time: 2022-05-01 10:00 (UTC)
  • Staking period: 2022-05-01 10:00 – 2022-05-03 16:00 (UTC)

 

The total yield pool includes 5,000,000,000 ADOGE tokens. Hard cap and allocation details to each staking crypto asset are as follows:

  • MX: no hard cap; a total of 4,000,000,000 ADOGE liquidity yield (80% of the yield pool)
  • ADOGE: no hard cap; a total of 1,000,000,000 ADOGE liquidity yield (20% of the yield pool)

Ways to participate:

  • Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine ADOGE” to join
  • Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine ADOGE” 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 stake 10,000 MX to earn ADOGE, the yield supply of T day is 1,333,333,333 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) * 1,333,333,333 ADOGE = 26,666,666.66 ADOGE

 

Note:

  • Minimum Entry Requirement: 10 MX and 833,000 ADOGE 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.

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global 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.