MXC has started the 2nd session USDT Lending Activity - exclusive for MX token holders. The lent USDT will be used to be the loans for margin trading. Details are shown below:
1. Entry standard: 10 USDT; MX token position >= 1000 MX
2. Basic Annual Percentage Rate (APR): 6.88%
3. Additional APR by holding MX token: 4% (Total estimated APR: 10.88%)
4. Minimum locking period: 14 days. (When the term expired, participants can either continue to lock or terminate the lock. The interest will be calculated based on the actual locking period.)
5. Principal and interest distribution time: 3 days after unlocking
6. Lending cap: 2 million USDT. First come, first serve.
7. Participation method: Visit "PoS Pool" > click "Lending/loan" > find USDT > click "Join"
Note: Only users whose position of MX token greater than 10,00 MX token during the whole locking period are qualified to the additional ARP (4%). Otherwise, the user can only acquire the basic APR of 6.88%.
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Enjoying your trade on MXC.
The MXC team
April 9, 2020