Dear users,
MEXC will list FoodChain Global (FOOD) in the Innovation Zone and open trading for FOOD/USDT trading pair. The specific timeline is as shown below:
- Deposit & Withdrawal: Opened
- FOOD/USDT Trading: 2022-03-22 03:00 (UTC)
Note: The price may move greatly for projects in the Innovation Zone, please be cautious of the risks.
To give thanks to the FoodChain Global community, the FoodChain Global team will launch a session of "MX DeFi'' to enable mining on FOOD tokens from March 21 to March 23. Throughout the campaign, users can stake MX and FOOD to earn liquidity yield on FOOD. The staking period will last 3 days. Details are as follows:
- Campaign start time: 2022-03-21 03:00 (UTC)
- Staking period: 2022-03-21 03:00 - 2022-03-23 16:00 (UTC)
The total yield pool includes 34,000 FOOD tokens. Hard cap and allocation details to each staking crypto asset are as follows:
MX: no hard cap; a total of 27,200 FOOD liquidity yield (80% of the yield pool)
FOOD: no hard cap; a total of 6,800 FOOD 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 FOOD” to join
b). Through MEXC App: Login through MEXC App’s homepage > find “MX DeFi” > find “Stake to mine FOOD” 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 FOOD, the yield supply of T day is 9,066 FOOD 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) * 9,066 FOOD = 181.33 FOOD
Note:
- Minimum Entry Requirement: 10 MX and 12 FOOD 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: FoodChain Global (FOOD)
Total Supply: 50,000,000 FOOD
Official Website: https://foodchain.global
Block Explorer (MATIC): https://polygonscan.com/token/0x6F06e6beD64cF4c4187c06Ee2a4732f6a171BC4e
Twitter: https://twitter.com/FoodChainGlobal
Telegram: https://t.me/foodchainofficial
Discord: https://discord.com/invite/ZftHuZSrrt
Project Brief Introduction:
FoodChain Global is a decentralized organization focused on helping every human who is battling with hunger right now. Hunger is a persistent problem all over the world, in both rich and poor and small and large countries. Access to food is a universal human right and in 2015 the United Nations pledged to reduce the number of hungry people across the world by half by 2030, yet the current system has failed us. Today there are more people hungry than ever before. Every year approximately 9 million people die of hunger and over 140 million people suffer from malnutrition.
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.
Find us on:
Medium: https://medium.com/mexcglobal
Telegram: https://t.me/MEXCEnglish
MEXC trading: https://t.me/MEXCTradeofficial
Twitter: https://twitter.com/MEXC_Global
Facebook: https://www.facebook.com/mexcglobal
Discord: https://discord.gg/zu5drS8
Instagram: https://www.instagram.com/mexcglobal/
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Enjoy trading on MEXC.
The MEXC Team
20 March 2022
