Dekbox (DEK) will be joining the DODO Booster Program and kicking off 4-week DEK/DODO and DEK/BUSD liquidity mining campaigns, where the pool’s liquidity providers will be rewarded with DEK tokens and DODO tokens.
During the campaign period, vDODO token holders can earn DEK tokens as rewards through the vDODO mining program.
The details are as follows:
vDODO Mining Period
Campaign Start BSC Block Number: 7909350 (approximately June 1, 2021 at 2:00PM UTC+8 (Singapore Time))
Campaign End BSC Block Number: 8110940 (approximately June 8, 2021 at 2:00PM UTC+8 (Singapore Time))
Liquidity Mining Period
Campaign Start Block Number: 7909350 (approximately June 1, 2021 at 2:00PM UTC+8 (Singapore Time))
Campaign End Block Number: 8715744 (approximately June 29, 2021 at 2:00PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the DEK/DODO or DEK/BUSD liquidity pool on the DODO BSC platform will receive DLP tokens, and by staking these DLP tokens users will receive DODO tokens and DEK tokens as liquidity mining rewards.
DEK/DODO Liquidity Pool Address: 0x7a5a7ce480b093f3e844ef94a8dc80f758a84f4c
DEK/BUSD Liquidity Pool Address: 0x09b0D7b25E012273D87C1074C9F7f5d61F31E34b
Note: Market making and liquidity provision involve risks 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 for each pool. However, thanks to Super Booster, the total value of the mining rewards during the first week of the DEK/DODO and DEK/BUSD campaign will be three times the normal amount, meaning that $22,500 worth of DODO token for each pool will be up for grabs from June 1 to June 8, 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.
Dekbox is scheduled to release 62,500 BEP-20 DEK tokens (0.31001 DEK per block) every week, and a total of 250,000 DEK tokens are expected to be released over the course of the campaign.
During the event, vDODO holders can earn DEK tokens rewards through vDODO mining by simply staking their vDODO tokens. vDODO mining can be accessed here: https://app.dodoex.io/mining?network=bsc-mainnet
vDODO holders will share a total of 100,000 BEP-20 (BSC) DEK tokens, split proportionally based on their number of vDODO tokens staked.
DEK Token Contact Address: 0xe52C5A3590952F3ed6fcCf89A0bD7F38e11C5B98
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.
DekBox is a Defi ecological platform for aggregated Revenue jointly created by the global technical community developers who are enthusiastic about DeFi. With the completion of cross-chain deployment of BSC chain and other public chain, DekBox technical team is committed to providing one-stop DeFi financial services such as liquidity mining, swap, cross-chain lending, synthetic asset circulation，NFT auction and cross-chain bridge with leading technology advantages for a wider range of DeFi ecological assets.
DekBox takes promoting the decentralization of finance as its own responsibility, and adheres to the realization of inclusive finance, enabling the value added system of DeFi /NFT, and realizing the co-construction of ecological system.
These are the ONLY official links
Telegram：Telegram: Contact @dekbox
Github：GitHub - dekbox/contract