Dear users,

Exciting News! To celebrate TGT listing in the Innovation Zone, the THORWallet DEX team will host MX Defi Yield Mining activity exclusively for MEXC users. There will be a total of 1,425,000 TGT up for grabs!

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

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

1. Event starting time: 2022-05-20 08:00 (UTC)
2. Staking period: 2022-05-20 08:00 - 2022-05-23 16:00 (UTC)
3. Staking tokens and yield allocation:

MX: no hard cap; a total of  1,140,000  TGT liquidity yield (80% of the yield pool)

TGT: no hard cap; a total of 285,000 TGT liquidity yield (20% of the yield pool)

4. 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” 

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 TGT, the yield supply of T day is 285,000 TGT 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) * 285,000 TGT = 5,700 TGT

Note:

1. Entry standard: 10 MX, 1,000 TGT
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.

For more information regarding the M-Day event and project introduction of TGT, please refer to:

MEXC New M-Day - THORWallet DEX (TGT) is Launching

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The MEXC Team

18 May 2022