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MECX will List Game Ace Token

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MEXC announced that they will list Game Ace Token (GAT) in the Innovation Zone and open trading for the GAT/USDT trading pair. In addition, they will launch the 73rd Session “MX DeFi”.

  • Deposit & Withdrawal: Opened
  • GAT/USDT Trading: 2021-08-02 09:00 (UTC)

 

The 73rd Session “MX DeFi” – Stake MX, USDT and TRX to Earn Yield GAT

MEXC will launch the 73rd “MX DeFi” Session to enable mining on GAT tokens from Aug 1 to Aug 4. Throughout the campaign, users can stake MX, USDT and TRX to earn liquidity yield on GAT. The staking period will last 4 days. Details are as follows:

1. Campaign start time: 2021-08-01 09:00 (UTC)

2. Staking period: Aug 1 – Aug 4

3. The total yield pool includes 4,600 GAT tokens. Hard cap and allocation details to each staking crypto asset are as follows:

  • MX: no hard cap; a total of 2,760 GAT liquidity yield (60% of the yield pool)
  • USDT: no hard cap; a total of 920 GAT liquidity yield (20% of the yield pool)
  • TRX: no hard cap; a total of 920 GAT liquidity yield (20% of the yield pool)

4. Ways to participate:

  • a). Through MEXC.com: Login into MEXC.com > select “Finance” > “MX DeFi” > find “Stake to mine GAT” to join
  • b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine GAT” 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 stakes 10,000 MX to earn GAT, the yield supply of T day is 690 GAT for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, then, User A can earn a yield of:

(10,000 / 500,000) * 690 GAT = 13.8 GAT

 

Source

https://support.mexc.com/hc/en-001/articles/4405052227098-MEXC-Will-List-Game-Ace-Token-GAT-and-Launch-the-73rd-Session-MX-DeFi-

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