Voting Result and Listing Arrangement for Kickstarter - Biconomy Exchange Token (BIT1), MX Defi is Launching!

Dear users,

The session of Kickstarter for Biconomy Exchange Token (BIT1) has concluded. Users have contributed a total of 21,257,897.94194 MX to vote for BIT1 listing on MEXC!

Airdrop rewards have been distributed to users' accounts.

[BIT1 Listing Information]

Deposit & Withdrawal: Opened
BIT1/USDT Trading in the Innovation Zone: 2022-04-09 13:00 (UTC)

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

Notice Regarding Ticker rename for Biconomy Exchange Token:

To avoid confusion that may arise upon the Biconomy Exchange Token, MEXC will name Biconomy Exchange Token's original ticker from BIT to BIT1 to avoid confusion.

Notice regarding Biconomy Exchange Token’s on-chain transfer burning mechanism.

According to the Biconomy Exchange Token’s tokenomics, 6% of each BIT1 on-chain transaction will be charged. Therefore, the actual on-chain deposit amount to MEXC is 94% of your initial deposit amount.

Thank you for participating!

For more information regarding the Kickstarter event and project introduction of BIT1, please refer to: [Initial Listing] MEXC Kickstarter - Vote to Win Free 2,400,000,000 Biconomy Exchange Token (BIT1) Airdrops!

MEXC Exclusive: Biconomy Exchange Token (BIT1) MX Defi is Launching!

Exciting News! The Biconomy Exchange Token team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 2,400,000,000 BIT1 up for grabs!

"MX DeFi" - Stake MX and BIT1 to Earn Yield of BIT1

Users can stake their MX and BIT1 to earn a liquidity yield of BIT1 over 3 days. Specific details are as below.

Event starting time: 2022-04-09 13:00 (UTC)
Staking period: 2022-04-09 13:00 - 2022-04-11 16:00 (UTC)
Staking tokens and yield allocation:

MX: no hard cap; a total of 1,920,000,000 BIT1 liquidity yield (80% of the yield pool)

BIT1: no hard cap; a total of 480,000,000 BIT1 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 BIT1, the yield supply of T day is 640,000,000 BIT1 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) * 640,000,000 EARN = 12,800,000 BIT1

Note:

Entry standard: 10 MX, 700,000 BIT1
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 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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