​​MEXC Exclusive: Coinweb (CWEB) MX Defi is Launching!

Dear users,

Exciting News! The Coinweb (CWEB) team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 2,353,846 CWEB up for grabs!

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

Users can stake their MX and CWEB to earn a liquidity yield of CWEB over 4 days. Specific details are as below. 

1. Event starting time: 2022-01-03 11:00 (UTC)
2. Staking period: 2022-01-03 11:00 (UTC) - 2022-01-06 16:00 (UTC)
3. Staking tokens and yield allocation:

MX: no hard cap; a total of  1,883,077 CWEB liquidity yield (80% of the yield pool)

CWEB: no hard cap; a total of 470,769 CWEB liquidity yield (20% of the yield pool)

4. Participation method:

Log in to MEXC website > "MX DeFi" > find relevant product to join

MEXC APP > Homepage > "MX DeFi" > find relevant product to join

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 stake 10,000 MX to earn CWEB, the yield supply of T day is 470,769.25 CWEB 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) * 470,769.25 CWEB = 9,415.385 CWEB

Note:

1. Entry standard: 10 MX, 100 CWEB 
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.

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.

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The MEXC Team

03 January 2022