MXC will now launch the 2nd session Contract DeFi Yield Mining without the requirement of staking assets. Users who deposit USDT in their Contract accounts and trade BTCUSDT perpetual contract will be deemed as participanting in the Yield mining successfully and can earn yield of POOLZ and GMEE tokkens. The Contract DeFi mining will last for 3 days.
Aside from the Yield Mining rewards, users who register successfully can receive 10USDT contract bonus. Additionally, 30% of the contract trading fees during the mining period will be refunded in the form of contract bonus. Users who trade no less then 5000 cont. in BTC will receive double the mining rewards, and will also be eligible to a maximum 50USDT contract deposit bonus.
I. Yield mining period:
15:00, April 15 - 24:00, April 17 (UTC+8); 3 days in total
II. Introduction of the project for yield mining
1. Poolz is a fully-decentralized, swapping protocol that enables startups and project owners to auction their tokens for bootstrapping liquidity.
2. GAMEE is an ERC-20 utility token that is designed to be the currency of purchase, utility, reward and action in supported play-to-earn games provided on the GAMEE casual gaming platform.
III. Mining Yield Allocation
Maximum mining yield of POOLZ is 120, 40 daily.
Maximum mining yield of GMEE is 6000, 2000 daily.
IV. How to participate the yield mining?
To ensure the best tracking and participation experience for the users, this activity will require form submission for registration.
Users who registers by the above form before the end of the mining date and have a accumulated net deposit of 500USDT in their Contract account, with a daily trading volume of BTCUSDT contract no less than 1000 cont., will automatically be eligible for the rewards.
*Note: MXC will limit the number of sign-ups and close registration based on the yields that have been mined.
Registration Link: https://forms.gle/pxxwnriCuwGy796u6
2. How to mine
Users who registers successfully before the end of the mining date and trade no less than 1,000 cont. BTCUSDT perpetual contract of the day will be deemed as participating in the yield mining successfully for the day. The yield will be calculated in proportion to user's asset amount in the contract account of the day.
Note: Contract account deposits can be done through coin to coin internal transfer. Please do not perform any outwards transaction during the event period, this will cause disqualification to claim rewards.
3. Invalidity of mining rewards
- Any assets transferring out of the contract account during the mining period will be deemed as giving up the yield mining. The user can no long participate in the yield mining of the day, and there will be no yield for the day.
- The daily trading volume of BTCUSDT perpetual contract shall be no less than 1,000 cont. during the event priod, otherwise no yield will be distributed.
V. Mining Yield and Other Rewards
1. Reward for registration
Users who register successfully can receive 10 USDT contract bonus.
2. Miner's daily yield = (a miner's total assets in contract account / the total assets in contract accounts of all miners) * Daily POOLZ/GMEE yield amount.
3. Double yield rewards
During the mining period, users who trade more than 5000 cont. in BTC perpetual contract within the day will receive double the rewards on that day.
4. Deposit reward
Users with net transfers of no less than 500 USDT in the contract account can receive 3% extra contract bonus, up to 100USDT contract bonus.
*Please note that if the user transfers the assets out of the contract account before the distribution of the contract bonus, the prize will be invalid.
VI. Note (Important)
1. The profits, losses, and non-transfer caused changes to your asset balance will not affect the deposit amount, aside from that, the deposit calculation time is demonstrated as below:
MXC will calculate the deposit volume daily at 24:00, at April 15th 24:00, the deposit time will be calculated from April 15th 15:00 to April 15th 24:00; whereas April 16th 24:00's calculation will be from April 15th 15:00 to April 16th 24:00
2. Daily mining yield calculation:
On April 15th 15:00 to April 15th 24:00, all registered users have a total deposit of 1000USDT, A's personal net deposit is 10USDT, and the maximum yield for POOLZ, GMEE are 40, and 2000 units. In this circumstance where A's BTCUSDT Perpetual Contract volume is no less than 2000 cont., A's yield on April 15th will be 0.4POOLZ + 20GMEE.
3. Double Rewards calculation:
On April 15th 15:00 to April 16th 24:00, A has accumulated 5,000 cont. (BTC), with a net deposit of 1000USDT, A's net deposit volume will be based on a calculation of 2000USDT as he has qualified for double rewards; if A, from April 15th 15:00 to April 17th 24:00 has accumulated deposit of 2000USDT, his net deposit volume will be calculated as 4000USDT on April 17th.
4. Claiming rewards:
For this event, all users are required to bind mobile phones, and have done KYC; Registration rewards, mining yield rewards will be sent directly to your spot wallet and contract wallet; refund of transaction fee, deposit bonus in contract bonus will be sent to your Contract wallet 3 days after the event ends.
5. Introduction of contract bonus:
6. Contract API users are not valid for the yield mining activity. MXC reserves the right to disqualify any participants that are involved in wash trading or any behavior that is considered cheating. MXC has the right to remove the prize from said users, or even freeze the account.
Find us on:
MXC Contract: https://t.me/MXCContract
MXC trading: https://t.me/MXCtrade
Register an account of MXC here: https://www.mxc.com/auth/signup?
Enjoying your trade on MXC.
The MXC team
April 15, 2020