The 8th Session "MX DeFi" Goes Live - Stake USDT, BTC, ETH to Earn Yield of The Sandbox (SAND)

Dear users:

MXC has upgraded the "DeFi Yield Mining" to "MX DeFi" program. Users can stake MX, USDT, ETH or other designated coins on MX DeFi to earn liquidity yield. The yield amount will be calculated based on the proportion between user's staking value and the total staking value. 

In the 8th session of "MX DeFi", users can stake USDT, BTC or ETH to earn liquidity yield of Sandbox (SAND). The details are as follows:

1. Staking period: 6 days from Oct.19 to Oct.24

2. Staking coins and yield allocation: 

• USDT: no hard cap; a total of 330,000 SAND liquidity yield (50% of the yield pool)
• BTC: no hard cap; a total of 165,000 SAND liquidity yield (25% of the yield pool)
• ETH: no hard cap; a total of 165,000 SAND liquidity yield (25% of the yield pool)

3. Login MXC website > "PoS Pool" > "MX DeFi" > find relevant product to join

4. 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 USDT to earn SAND, the yield supply of T day is 55,000 SAND for USDT pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 USDT, then, User A can earn a yield of:

(10,000 / 50,000) * 55,000 SAND = 1,100 SAND

Note:

1. Entry standard: 1 USDT, 0.001 BTC, 0.01 ETH respectively

2. If a users join staking on T day, he/she can unlocking the coin on the T+1 day;

3. The yield is calculated daily, and will be distributed to user's account on the next day. 

4. The total staking value will be converted into equivalent of USDT at the price upon taking the snapshot. 

Listing of SAND

The specific listing time of SAND will be informed in follow-up announcement.

Project Details

Project name: Sandbox（SAND）

Circulation Supply: 3,000,000,000 SAND

Total yield pool: 660,000 SAND

Official website: https://www.sandbox.game

Block Explorer: 

Project profile: The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain using SAND, the platform’s utility token. It enable players to create digital assets (Non-Fungible Tokens, aka NFTs), upload them to the marketplace, and drag-and-drop them to create game experiences with The Sandbox Game Maker. 

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Register an account of MXC here:

https://www.mxc.com/auth/signup?inviteCode=12wvM    

Enjoying your trade on MXC.

The MXC team

October 19, 2020