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MEXC will list Cogecoin

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MEXC announced that they will list Cogecoin (COGE) in the Innovation Zone and open trading for the COGE/USDT trading pair. In addition, MEXC will Launch the 74th Session “MX DeFi”

  • Deposit & Withdrawal: Opened
  • COGE/USDT Trading: 2021-08-05 10:00 (UTC)

 

The 74th Session “MX DeFi” – Stake MX, USDT and TRX to Earn Yield COGE

MEXC will launch the 74th “MX DeFi” Session to enable mining on COGE tokens from August 4 to August 7. Throughout the campaign, users can stake MX, USDT and TRX to earn liquidity yield on COGE. The staking period will last 4 days. Details are as follows:

1. Campaign start time: 2021-08-04 10:00 (UTC)

2. Staking period: August 4 – August 7

3. The total yield pool includes 15,600,000,000 COGE tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 9,360,000,000 COGE liquidity yield (60% of the yield pool)

USDT: no hard cap; a total of 3,120,000,000 COGE liquidity yield (20% of the yield pool)

TRX: no hard cap; a total of 3,120,000,000 COGE 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 COGE” to join

b). Through MEXC App: Login through MEXC App’s homepage >; find “MX DeFi” > find “Stake to mine COGE” 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 COGE, the yield supply of T day is 2,340,000,000 COGE 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) * 2,340,000,000 COGE = 46,800,000 COGE

 

Source

https://support.mexc.com/hc/en-001/articles/4405206159130

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