MXC Will List Mettalex (MTLX) and Launch the 23rd Session "MX DeFi”

Dear users,

MXC will list Mettalex (MTLX) on the Mainboard and open trading for MTLX/USDT trading pairs. The specific timeline is shown below.

Deposit & Withdrawal: opened

Trading: 20:00 (UTC+8), Feb. 8, 2021

The 23rd Session "MX DeFi" - Stake MX, BTC, ETH, USDT to Earn Yield of  Mettalex (MTLX)

The 23rd session of "MX DeFi" Yield Mining is coming. Users can stake MX, BTC, USDT, or ETH to earn a liquidity yield of Mettalex (MTLX). The staking period will last 4 days. The details are as follow:

1. Activity starting time: 11:00, Feb 3rd(UTC+8), 2021. The activity page will be online at the same time.
2. Staking period: Feb 3rd - Feb 6th (4 days in total)
3. Staking coins and yield allocation:

• MX: no hard cap; a total of 1,560 MTLX liquidity yield (30% of the yield pool)
• BTC: no hard cap; a total of  1,300 MTLX liquidity yield (25% of the yield pool)
• ETH: no hard cap; a total of  1,300 MTLX liquidity yield (25% of the yield pool)
• USDT: no hard cap; a total of  1,040 MTLX liquidity yield (20% 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 MTLX, the yield supply of T day is 1400 MTLX 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) * 1400 MTLX= 28 MTLX

Note:

1. Entry standard: 10 MX、1 USDT、0.001 BTC、0.01 ETH respectively
2. If a users join staking on T day, he/she can unlock the coin on the T+1 day;
3. The yield is calculated daily and will be distributed to the user's account on the next day. 

Project Details

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

Project Name: Mettalex （MTLX）

Total Circulation: 2,512,685

Official Website：https://mettalex.com/

Blockchain Exploer：https://etherscan.io/address/0x2e1E15C44Ffe4Df6a0cb7371CD00d5028e571d14

Whitepaper ：https://mettalex.com/wp-content/uploads/Mettalex-Litepaper_v1.0.pdf

LinkedIn：https://www.linkedin.com/company/mettalex

Medium：https://medium.com/mettalex

Twitter：https://twitter.com/mettalex

Brief Introduction: 

Mettalex is a decentralized commodity derivatives exchange that brings new markets to DeFi. The DEX aligns the incentives of liquidity providers, traders, and physical commodity holders with the vision to bring the $20 trillion commodity markets on-chain. Mettalex introduces banded trading, position tokens, and an improved autonomous market maker to enable a unique trading experience, limit risk, and improve capital and cost efficiency.

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.

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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

Feb 3, 2021