MXC Will List acBTC (AC) and Launch the 17th Session "MX DeFi"

Dear users,

MXC will list acBTC (AC) on the Innovation board and open trading for AC/USDT trading pair. At the same time, MXC will launch the 17th session "MX DeFi". The specific timeline is shown below.

1.Deposit & Withdrawal: opened

2. Trading: 16:00 (UTC+8), January 12

Note: the price may move greatly for projects on Innovation Board, please be cautious of the risks. 

The 17th Session "MX DeFi" - Stake MX, USDT, BTC to Earn Yield of AC (acBTC)

The 17th session of "MX DeFi" Yield Mining is coming. Users can stake MX, USDT or BTC to earn liquidity yield of AC. The staking period will last 5 days. The details are as follow:

1. Staking period: January 11th - January 15th (5 days in total)

2. Staking coins and yield allocation: 

• MX: no hard cap; a total of 21,000 AC liquidity yield (60% of the yield pool)

• USDT: no hard cap; a total of 7,000 AC liquidity yield (20% of the yield pool)

• BTC: no hard cap; a total of 7,000 AC liquidity yield (20% of the yield pool)

3. Participation method:

•    Login MXC website > "MX DeFi" > find relevant product to join

•    MXC APP > Homepage > "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 AC, the yield supply of T day is 1,400 AC 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 / 500,000) * 1,400 AC = 28 AC

Note:

1. Entry standard: 10MX, 1 USDT, 0.001 BTC 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. 

Project Details

(The information is provided by the project party. It is for reference only.)

Project Name: AC (acBTC)

Official website: https://acbtc.fi

Blockchain Explorer: https://etherscan.io/address/0x9A0aBA393aac4dFbFf4333B06c407458002C6183 

Total supply: 21,000,000

Circulation: 1,947,325

Issuance time: October 4, 2020

Whitepaper: https://docs.acbtc.fi 

Twitter: https://twitter.com/NUTSFinance 

Telegram: https://t.me/acbtc_community 

Medium: https://medium.com/nuts-foundation 

ChainsNews：https://www.chainnews.com/u/423306690526

Brief Introduction: 

acBTC is a composite asset backed by a basket of ERC20 BTC. The acBTC ecosystem integrates BTC and ERC20 BTC, with swap, stablecoin and yield generating applications into one highly secure, efficient and usable standard. As the governance token of acBTC ecology, AC is used to incentivize participants in ecological construction and community governance.

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MXC Exchange will make best efforts to choose high-quality coins, but will not be responsible for your investment losses.

Find us on:

Telegram: https://t.me/MXCEnglish

MXC trading: https://t.me/MXCtrade 

Twitter:     https://twitter.com/MXC_Exchange

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Reddit:      https://www.reddit.com/r/MXCexchange/

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Discord:    https://discord.gg/zu5drS8

Register an account of MXC here:

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

Enjoying your trade on MXC.

The MXC team

January 11, 2021