NABOX-BUSD Liquidity Mining Campaign Kicks off on DODO
Hello Naboxers & CommanDODOs,
Nabox (NABOX) will be joining the DODO Booster Program and kicking off a 4-week NABOX/BUSD liquidity mining campaign, where the pool’s liquidity providers will be rewarded with NABOX tokens and DODO tokens.
The details are as follows:
Campaign Start Block Number: 8489280 (approximately June 21th, 2021 at 8:00 PM UTC+8 (Singapore Time))
Campaign End Block Number: 9295685 (approximately July 19th, 2021 at 8:00 PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the NABOX/BUSD liquidity pool on the DODO Binance Smart Chain (BSC) platform will receive DLP tokens, and by staking these DLP tokens users will receive NABOX tokens and DODO tokens as liquidity mining rewards.
NABOX/BUSD Liquidity Pool Address: 0xb5b1bb7b0c1bc9e6ab556afbbdcca5c87f10e735
Note: Market making and liquidity provision involve risk of loss and are not suitable for every user. The valuation and prices of token assets may fluctuate substantially, and, as a result, users may see profits that are below expectations, or even sustain losses.
A how-to guide to liquidity mining on DODO:
Normally, the mining rewards for the first week is $7,500 worth of DODO tokens. After the first week, DODO will continue to re-adjust the weekly reward value every Monday, based on the total trading volume from the previous week, and the maximum value for a week’s mining rewards could be as high as $45,000 worth of DODO tokens.
Nabox is scheduled to release 195,312,500 BEP-20 NABOX tokens (968.812 NABOX per block) every week, and a total of 781,250,000 NABOX tokens are expected to be released over the course of the campaign.
NABOX Token Contract Address: 0x755f34709e369d37c6fa52808ae84a32007d1155
Determination of Weekly Rewards
As mentioned previously, the total reward value starting from the second week of the campaign could vary based on the trading volume from the previous week. The weekly reward value is determined by the following rules:
If the total trading volume of the current week is no greater than $5,000,000, the reward value for the next week will be capped at $7,500 worth of DODO tokens.
If the total trading volume of the current week is between $5,000,000 and $10,000,000, the reward value for the next week will be capped at $15,000 worth of DODO tokens.
If the total trading volume of the current week is between $10,000,000 and $15,000,000, the reward value for the next week will be capped at $30,000 worth of DODO tokens.
If the total trading volume of the current week is greater than or equal to $15,000,000, the reward cap for the next week will be capped at $45,000 worth of DODO tokens.
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Nabox is a Cross-chain DeFi wallet with DID capabilities built for Web 3.0.
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