MXC is planning on launch of MX - GENE Mining Product at 12:00 (UTC+8) on October 19, 2020. Users can earn GENE token reward by staking MX token. The details are as follows:
1.Hard cap: 2 million MX
2.Entry Standard: min. 10 MX; max. 200,000 MX
3.Est. annualized yield rate: 20%-80%
4.Minimum lock-up period: 5 days
5.Yield distribution: if locking on T day, yield will be distributed on T+1 day.
6.Unlocking time: auto-unlocked after maturity
7.How to participate?
Login > PoS Pool >MX DeFi >DeFi Mining >GENE Mining
Tips: since the project is a project farming project, there may be impermanent loss from the diminishing of the number of staking coins.
To protect user's interest, MXC has rolled out impermanent loss compensation mechanism. If impermanent loss has occurred during the locking period, the loss part will be made up by the profit from MXC PoS Pool. If the PoS pool's profit is insufficient in making up the loss, MXC backup fund will be used for compensation of user's impermanent loss.
Project name: Gene (GENE)
Official website: https://gene.finance/
Total supply: 210,000,000 GENE
Contract address: 0xf6ec87DFE1Ed3a7256Cc0c38e3c8139103e9aF3b
Project brief introduction:
Gene Finance is a brand new AMM swap protocol that redesigned the token economy and operation plan to make up for the common defects of other AMM swap systems. Not only that, the redesigned distribution model of Gene Finance's token economy not only rewards early players, but also encourages them to continue participating in providing liquidity for a long time. There is no need for seed investment, developer fees, or mining in advance for the agreement to go online.
Find us on:
MXC trading: https://t.me/MXCtrade
Register an account of MXC here:
Enjoying your trade on MXC.
The MXC team
October 19, 2020