MXC will launch USDT Lending Activity – Exclusive for MX Holder at 15:00 (UTC+8),January 18. The Locked assets will be used to be the loans for margin trading on the platform. Details are shown below:
1. Entry standard: 10 USDT; MX Token Position ≥ 10,000 MX
2. Basic Annual Percentage Rate (APR): 6.88%
3. Additional APR by holding MX token: 8.12% (Total estimated APR: 15%)
4. Minimum locking period: 14 days. (It will be unlocked automatically after 14 days)
5. Principal and interest distribution time: 3 days after unlocking
6. Lending cap: 1 million USDT. First come, first serve.
7. Participation method: Visit "PoS Pool" > click "Loan" > find USDT > click "Join"
Note: Only users whose position of MX token greater than 10,000 MX token during the whole locking period are qualified to the additional ARP (8.12%). Otherwise, the user can only acquire the basic APR of 6.88%.
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Enjoying your trade on MXC.
The MXC team
January 18, 2020