MXC will list Mars Token (MARS) and POW BTC-35W/T (pBTC35A) in Assessment Zone and open trading for MARS/USDT and pBTC35A/USDT trading pairs. And MXC will launch the 18th Session "MX DeFi" at 11:00, January 16. The details are as follows:
The 18th Session "MX DeFi" Goes Live - Stake USDT, BTC, ETH to Earn Yield of Mars Token (MARS)
The 18th session of "MX DeFi" Yield Mining is coming. Users can stake USDT, BTC, ETH to earn liquidity yield of Mars Token (MARS). The staking period will last 5 days. The details are as follow:
1. Activity starting time: 11:00, January 16th(UTC+8), 2021
2. Staking period: January 16th - January 20th (5 days in total)
3. Staking coins and yield allocation:
USDT: no hard cap; a total of liquidity yield (40% of the yield pool)
BTC: no hard cap; a total of liquidity yield (30% of the yield pool)
ETH: no hard cap; a total of liquidity yield (30% of the yield pool)
4. Participation method:
Login MXC website > "MX DeFi" > find relevant product to join
MXC APP > Homepage > "MX DeFi" > find relevant product to join
5. 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 MARS, the yield supply of T day is 8,000 MARS 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) * 8,000 MARS = 160 MARS
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.
Mars Token (MARS), POW BTC-35W/T (pBTC35A) Will Be listed in Assessment Zone
1. Deposit/Withdrawal: opened
2. Trading: 20:00, January 16(UTC+8)
3. API trading: 20:00, January 16(UTC+8)
1. The price may move hugely for projects in Assessment zone, please be cautious of the investment risks and delisting risks.
2. According to the official description of the project, the total supply of pBTC35A tokens may increase through community governance. Please pay attention to it.
(The information is from the Internet. It is for reference only)
Project name: POW BTC-35W/T （pBTC35A）
Total Supply: Inflation exists
Mars is the first Ethereum-based, decentralized standardized hashrate protocol. Mars Project combines standardized hashrate product and liquidity mining together, packing POW mining into an on-chain protocol. The protocol consists of pBTC35A tokens and MARS token.
2.1 billion MARS tokens will be released over four years. 75% of the total offering will be sent to users, 20% will be distributed to Mars Project team for maintenance and further issuing pBTC35A tokens. The remaining 5% will be allocated to sustain the Mars Foundation.
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.