Chemix Labs (KUN) will be joining the DODO Booster Program and kicking off a 4-week KUN/BUSD liquidity mining campaign, where the pool’s liquidity providers will be rewarded with KUN tokens and DODO tokens.
The details are as follows:
Campaign Start Block Number: 11990832 (approximately October 22, 2021, at 7:00 PM UTC+8 (Singapore Time))
Campaign End Block Number: 12745685 (approximately November 19, 2021, at 7:00 PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the KUN/BUSD liquidity pool on the DODO Binance Smart Chain (BSC) platform will receive DLP tokens, and by staking these DLP tokens users will receive KUN tokens and DODO tokens as liquidity mining rewards.
KUN/BUSD Liquidity Pool Address: 0x3679e0e472a41f7ba9ccadbc18901b48cb23d3ad
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.
Chemix Labs is scheduled to release 28,027 BEP-20 KUN tokens (0.1390229 KUN per block) every week, and a total of 112,108 KUN tokens are expected to be released over the course of the campaign.
KUN Token Contract Address: 0x1a2fb0af670d0234c2857fad35b789f8cb725584
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.
About Chemix Labs
Chemix Labs (Chemix for short) is the world’s first fractional-algorithm synthetic assets protocol developed by QIAN Protocol team. Chemix derives from Chemical reaction, and x stands for unknown and infinite possibilities. The combination of the two represents the rich and diverse results of the combination of synthetic assets. The protocol selects ‘partial mortgage’ +’algorithm adjustments’ its core technical concept, and creates an “anti-zeroing” mechanism for algorithm adjustment token.
These are the ONLY official links
Official website: https://Chemix.io/home
Telegram : https://t.me/ChemixLaunchpad