Introduction
Lending Moonchain can be a great option for those who want to hold MXC but earn yield. The steps can be a bit intimidating, particularly the first time you try them. That’s why we’ve compiled this guide for you.
Step-by-Step Guide
1. Obtain Moonchain (MXC) Tokens
To lend Moonchain, you need to have it. To get Moonchain, you’ll need to buy it. You can choose from these popular exchanges.
2. Choose a Moonchain Lender
Once you have MXC, you'll need to choose a Moonchain lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Moonchain (MXC) Up to 100% APY 3. Earn Moonchain
Once you've chosen a platform to earn your Moonchain, transfer your Moonchain into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Moonchain (MXC) is presently priced at US$100 with a 24-hour trading volume of US$2,5M. The market cap of Moonchain stands at US$9,21M, with 2,44B MXC in circulation. For those interested in buying or trading Moonchain, Kucoin offers ways to do so safely and efficiently
- Market cap
- US$9,21M
- 24h trading volume
- US$2,5M
- Circulating supply
- 2,44B MXC