BEST will be joining the DODO Booster Program and kicking off a 4-week BEST/BUSD liquidity mining campaign, where the pool’s liquidity providers will be rewarded with BEST tokens and DODO tokens.
The details are as follows:
Campaign Start Block Number: 7509500 (approximately May 18, 2021 at 2:30PM UTC+8 (Singapore Time))
Campaign End Block Number: 8316000 (approximately June 15, 2021 at 2:30PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the BEST/BUSD liquidity pool on the DODO BSC platform will receive DLP tokens, and by staking these DLP tokens users will receive DODO tokens and BEST tokens as liquidity mining rewards.
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. However, thanks to Super Booster, the total value of the mining rewards during the first week of the campaign will be two times the normal amount, meaning that 4,348 DODO tokens (0.0215 DODO per block) will be up for grabs from May 18 to May 25, 2021 UTC+8.
After the first week, DODO will continue to re-adjust the weekly reward value on 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.
During the event, vDODO holders can earn BEST tokens as rewards through vDODO mining. Campaign Start Block Number: 7570031 (approximately May 20, 2021 at 6:00PM UTC+8 (Singapore Time)). vDODO mining entrance: https://app.dodoex.io/mining?network=mainnet
A total of 3,750 BEST tokens are expected to be released over the course of the campaign.
Token Contract Address: 0x667bEbFf5cda3C4A460B514aB478Da0A8cF80910
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.
In the BEST ecosystem, holding BEST is equivalent to holding cryptocurrency mining power. As long as you go to DAPP to stake the token or add the liquidity of the corresponding trading pair on the decentralized exchange, you can continue to obtain mining rewards.
BEST will bring meaningful liquidity to tokenized BTC and ETH mining capabilities. With the development of the BEST ecosystem, holding BEST will also obtain more mining rights for high-quality crypto assets.
These are the ONLY official links
Official Website: https://bestokens.network
Twitter: Telegram: Contact @bestokens