Singapore, 4th June 2021, ZEXPRWIRE, At 9 AM (UTC) on June 4, 2021, MXC, a crypto-focused exchange, will start mining activities with PancakeSwap, the leading DEX on Binance Smart Chain (BSC).
Anyone is welcome to participate in providing liquidity for the MX/BUSD trading pair on PancakeSwap to yield farm CAKE in what is yet another massive stride for MX use case expansion.
PancakeSwap’s FARM will offer a new Syrup Pool from MXC exchange by adding MX/BUSD LP mining CAKE, which can provide MX/BUSD liquidity to mine CAKE. At the same time, CAKE single currency mining MX will be added to PankcakeSwap’s POOL.
CAKE holders can stake their tokens to earn MX with a token reward per block of 0.27777 MX. The specific output quantity of each block is subject to the official website activity page. The Syrup Pool will distribute a total of 480,000 MX over 60 days and finalize at approximately 9 AM UTC on August 3.
How the Process Works
As an MX holder, one can earn CAKE by providing liquidity for the MX/BUSD pair on PancakeSwap.
To get started, visit the PankcakeSwap POOL and click “Add” to add liquidity for the MX/BUSD pair. Thereafter, input “BUSD” for the first column and “MX” for the second one as shown in the chart below. Finally, the user should unlock their wallet and confirm the transaction.
To host the MX Syrup Pool, PancakeSwap DEX will need to provide an MX/BUSD farm that offers 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that. This strategy will allow as many CAKE holders to Farm some lucrative pool rewards up to 120% APY.
The DEX will have a 100 CAKE token cap staking limit per wallet for the first 48 hours, followed by unlimited CAKE staking.
Harvest MX and Trade on PancakeSwap!
PancakeSwap is the largest DEX on BSC for swapping BEP-20 tokens. The decentralized exchange tap uses an automated market maker (AMM) that enables users to trade digital assets on the platform.
PancakeSwap’s move to welcome MXC exchange to its platform will facilitate BEP-20 MX to circulate and be transferable on BSC when the Syrup pool launches. Interested participants will soon be able to harvest their MX tokens and trade on PancakeSwap at any time!
About MXC Exchange
MXC is a centralized crypto exchange registered in Seychelles that seeks to provide digital assets enthusiasts globally with secured, fast, and user-friendly crypto trading services.
The exchange was established in April 2018 by a team of blockchain industry practitioners and specialists from Wall Street, Asia, and Europe with vast experience in the FinTech and blockchain sectors.
MXC currently offers over 800 trading pairs and services across 200 countries. Besides focusing on providing safer, smarter, and more convenient crypto exchange services, MXC also brings its users safety insurance and selected blockchain assets.
The trading platform remains dedicated to building an industry-leading exchange that offers its loyal customers the best cryptocurrency offerings.
The exchange reminds its users not to trust any projects in the name of being listed or invested by MXC. All investors are advised to refer to the official announcement of MXC Exchange: https://support.mxc-exchange.com/hc/en-001.
MXC is a top one-stop-shop for crypto exchange services, as clearly seen from its features and statistics. The platform interacts with its community via Twitter, Facebook, Telegram, Instagram, and several other channels. You can visit these pages for further information on the platform.
Hugo Finance (HUGO) is a community-driven project building its DeFi token on the Binance Smart Chain (BSC). HUGO will serve as a governance token for a Decentralized Autonomous Organization (DAO), where token holds can vote to shape the platform’s future.
The DeFi project’s initial seed round commenced on March 13, 2021, and was scheduled to go on until March 31. That round managed to raise around 280 BNB, after which the community voted to extend the pre-sale in seed rounds until the soft cap of 500 BNB is reached.
Following the initial pre-sale round, the project launched on PancakeSwap, followed by a Unicrypt listing to expose a broader audience of DeFi investors to the project.
Hugo Finance had Pinpoint Capital as their advisors and received tremendous support via the industry experts hence the pre-sale sold out very quickly, and has been having a very healthy price action.
Hugo Finance is Now Officially KYC Verified!
Hugo Finance endeavors to boost trust among DeFi investors as it continues to build a big Community DAO platform and reward HUGO holders with lucrative rewards.
To this end, the project moved to guarantee stakeholders that their funds are safe by finalizing its Know Your Customer (KYC) process; the verification was done by auditing services provider Pass or Fail Me on April 4th.
The project is now officially KYC verified by Pass or Fail Me, which gave Hugo Finance a 4.5/5 pass rank. The Hugo team’s info is now set to be minted into an NFT token and be made accessible to all users. This information will be revealed to authorities in case of misdoings.
What Next, now?
Hugo Finance users can look forward to many exciting activities and incentives for the community. Some of the features lined up on the roadmap include introducing a DAO platform, community voting on charities, and an NFT platform.
Hugo is currently engaging in a marketing campaign dubbed the Reddit community initiative to reward participants for creating memes featuring the project and posting them on Reddit.
Hugo also plans to launch its Discord channel and host an AMA where the community can learn about upcoming platforms and developments and get updates on new partnerships.
As part of ongoing efforts to market Hugo to the wider crypto community, the Hugo Finance Website has been updated to make it more user-friendly. The site is now cleaner and easier to navigate; it also displays new info about the Hugo Finance token pre-sale and roadmap.
The company whitepaper has also been rewritten to provide a lot more in-depth information about the upcoming platforms.