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:
- Activity starting time: 11:00, Feb 3rd(UTC+8), 2021. The activity page will be online at the same time.
- Staking period: Feb 3rd - Feb 6th (4 days in total)
- 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)
- Participation method:
- Login MXC website > "MX DeFi" > find relevant product to join
- MXC APP > Homepage > "MX DeFi" > find relevant product to join
- 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
- Entry standard: 10 MX、1 USDT、0.001 BTC、0.01 ETH respectively
- If a users join staking on T day, he/she can unlock the coin on the T+1 day;
- The yield is calculated daily and will be distributed to the user's account on the next day.
(The information is provided by the project party. It is for reference only.)
Project Name: Mettalex （MTLX）
Total Circulation: 2,512,685
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.
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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Enjoying your trade on MXC.
The MXC team
Feb 3, 2021