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Astar Coin On MEXC
The astar team is delighted to announce that the Astar coin (ASTR) has now been officially listed on the MEXC Global exchange platform (4/13/2022)!
The token, Astar (ASTR), will be placed in the Innovation Zone on MEXC as part of the token listing on MEXC.
Trading for the ASTR/USDT trading pair will begin on April 14, 2022, at 8:00 a.m. UTC.
Please keep in mind that the pricing of projects in the Innovation Zone is subject to significant fluctuation. Please use caution in light of the dangers.
The Astar Mining Promotion will run from April 13th through April 16th.
As the number one TVL parachain on Polkadot, astar is both humbled and encouraged by the early success they’ve seen since starting on the Polkadot mainnet three months ago, and they want to build on this momentum in the future.
Their successes are primarily attributed to the community, which understands and supports the Web3 vision, to the rockstar AStar team, which is dedicated to the mission they are attempting to achieve, and to the Astar developers, who are creating fantastic dApps in their rapidly expanding ecosystem. T
The total value locked (TVL) has already surpassed $2 billion, and they are in the midst of #AstarSeason with 15 new projects launching on the network this month and a handful more IDOs on the horizon in the near future.
As an added bonus, they just launched their #Build2Earn decentralized application staking campaign as a method to empower developers who create decentralized applications in their ecosystem with a basic income while also rewarding nominators (i.e. dApp stakers).
To put it another way, Astar is on a roll, and they are charging forward at full speed!
They are really thankful to our loyal and supporting community. They will be launching a session of “MX DeFi” to allow for the mining of ASTR tokens from April 13th to April 16th, 2019.
For the duration of the program, you will be able to bet MX and ASTR while earning liquidity yield on ASTR.
The staking period will continue for a total of four days.
The specifics are as follows:
Time for the campaign to begin: April 13, 2022, 10:00 a.m. (UTC)
Staking period: April 13, 2022 10:00 a.m. — April 16, 2022 16:00 p.m. Staking period: April 13, 2022 10:00 a.m. — April 16, 2022 16:00 p.m. (UTC)
A total of 100,000 ASTR tokens are included in the yield pool. The following are the hard cap and allocation information for each staking cryptocurrency asset:
A total of 80,000 ASTR liquidity yield is available in MX; there is no hard limit (80 percent of the yield pool)
20,000 ASTR liquidity yield is available with no hard limit on the amount of ASTR liquidity yield (20 percent of the yield pool)
How to Take Part in the Competition
- Sign up on the MEXC website by clicking here.
- Choose “Earn” from the drop-down menu.
- Select “MX DeFi” from the drop-down menu.
- To participate, look for “Stake to mine ASTR.”
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 ASTR, the yield supply of T day is 20,000 ASTR 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) * 20,000 ASTR = 400 ASTR
Note
- Minimum Entry Requirement: 10 MX and 18 ASTR respectively;
- If a user joins staking on day T, he/she can unlock the staking token on day T+1;
- The yield is calculated daily and will be distributed to the user’s account on the next day.
