MEXC Will List Covenant (COVN) and Launch a Session of “MX DeFi”

Dear users,

MEXC will list Covenant (COVN) in the Innovation Zone and open trading for COVN/USDT trading pair. The specific timeline is as shown below:

Deposit & Withdrawal: Opened
COVN/USDT Trading: 2022-04-02 11:00 (UTC)

Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.

To give thanks to the Covenant community, the Covenant team will launch a session of "MX DeFi'' to enable mining on COVN tokens from April 02 to April 04. Throughout the campaign, users can stake MX and COVN to earn liquidity yield on COVN. The staking period will last 3 days. Details are as follows:

Campaign start time: 2022-04-02 11:00 (UTC)
Staking period: 2022-04-02 11:00 - 2022-04-04 16:00 (UTC)

The total yield pool includes 4,200 COVN tokens. Hard cap and allocation details to each staking crypto asset are as follows:

MX: no hard cap; a total of 3,360 COVN liquidity yield (80% of the yield pool)

COVN: no hard cap; a total of 840 COVN liquidity yield (20% of the yield pool)

Ways to participate:

a). Through MEXC.com: Login into MEXC.com > select “Earn” > “MX DeFi” > find “Stake to mine COVN” to join

b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine COVN” 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 stakes 10,000 MX to earn COVN, the yield supply of T day is 1,120 COVN 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) * 1,120 COVN = 22.4 COVN

Note:

Minimum Entry Requirement: 10 MX and 0.5 COVN 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.

Project Info

(This information is provided by the project team. Strictly for references only.)

Project Name: Covenant (COVN)

Total Supply: 500,000,000 COVN

Official Website: https://covenantchild.io/

Block Explorer (ERC-20): https://etherscan.io/token/0x19ac2659599fd01c853de846919544276ad26f50

Telegram: https://t.me/CovenantChild_Global

Twitter: https://twitter.com/CovenantChild_O

Medium: https://medium.com/@CovenantChild

Discord: https://discord.gg/2ZCQsyrKby

Whitepaper: https://covenantchild.gitbook.io/covenantchild-whitepaper/

Project Brief Introduction:

Covenant Child aims to establish a decentralized game service environment as its top priority and is expected to show a more evolved game performance ecosystem from the existing Play-to-Earn (P2E) structure. Covenant Child is a unique strategy RPG game. It was developed so that anyone can quickly and conveniently experience the Play-to-Earn (P2E) element by combining user-friendly operability and character development progression.

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

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