Hello CommanDODOs,
Konomi (KONO) （https://www.konomi.network/#/）will participate in the DODO Raptor Program and run the $KONO trading mining campaign for 14 days. During the event, DODO users who trade $KONO tokens on the DODO platform (Ethereum) are eligible for trading mining rewards， and vDODO holders can earn KONO tokens as rewards through vDODO mining.
The campaign details are as follows:
Event Period
Campaign Start Block Number: 12332930 (approximately April 29, 2021 at 11:00AM UTC+8 (Singapore Time))
Campaign End Block Number: 12424600 (approximately May 13, 2021 at 11:00AM UTC+8 (Singapore Time))
Event Overview
During the event period, DODO users who trade $KONO tokens on the DODO platform (Ethereum) are eligible for trading mining rewards.
For each wallet address, its trading volume of $KONO (calculated by the number of $KONO tokens bought + the number of $KONO tokens sold) will be calculated and displayed in a public Google Docs document （link：https://docs.google.com/spreadsheets/d/1yQI7m2vipSG05tResrtUVG_J5rF0TY3ahq2otkRWkyU/edit#gid=0）. At the end of the event, collated and displayed in the Google Docs document will be the following stats for each participating address:
Total $KONO trading volume
vDODO weighting bonus (see the “How Rewards Are Calculated” section for details)
Weighted $KONO trading volume after the vDODO weighting bonus has been applied, and
Number of DODO rewards the address will receive
Rewards Distribution
DODO Tokens
For DODO reward tokens, the final tally of each participating address’s total trading volume will take place on May 13, 2021, at 4:00 PM UTC+8 (Singapore Time) and the aforementioned document will be shared with the DODO community shortly after. The rewards will then be distributed on Binance Smart Chain (BSC) to participants before May 16, 2021. Please make sure you switch your wallet application/extension’s network to BSC in order to see the rewards.
KONO Tokens
During the event, vDODO holders can earn KONO tokens as rewards through vDODO mining. vDODO mining entrance: https://app.dodoex.io/mining?network=mainnet
Number of Reward Tokens
3,000 BEP-20 (BSC) DODO tokens.
vDODO holders will share a total of 3,788 ERC-20 (ETH) KONO tokens, split proportionally based on their number of vDODO tokens staked.
How Rewards Are Calculated
The DODO token rewards for participating wallet addresses are determined by 4 parameters:
(i) The total number of $KONO tokens traded by the address
(ii) The address’s vDODO weighting bonus: vDODO holders receive a weighting bonus when calculating trading volume. For the trading volume campaign, we will be taking a snapshot of all vDODO holder addresses on May 13, 2021, at 11:00 AM UTC+8 (Singapore Time).
Users who hold 10 to 99 vDODO tokens are given a 10% weighting bonus on their trading volumes.
Users who hold 100 to 999 vDODO tokens are given a 30% weighting bonus on their trading volumes.
Users who hold 1,000 vDODO tokens or more are given a 50% weighting bonus on their trading volumes.
(iii) Percentage of trading volume of each address after the vDODO weighting bonus: At the end of the event, the proportion of each address’s total trading volume after the (ii) vDODO trading volume weighing bonus has been applied to the total $KONO trading volume on the platform will be calculated.
(iv) The reward cap for a single wallet address: Each address can only get up to 200 BEP-20 DODO tokens in rewards.
About Konomi
Konomi is an open platform for cross-chain financial applications. Using Substrate as the development framework, the network aims to provide money markets for assets in the Polkadot ecosystem. Users could borrow and lend assets, trade and access liquidity products for DOTs through the protocol. Konomi also issues its native network token in order to kick start liquidity and decentralised governance for its chain.
These are the ONLY official links
Website: konomi.network
Telegram: https://t.me/konominetwork
Twitter: https://twitter.com/KonomiNetwork
Medium: http://konomi-network.medium.com
Telegram: https://t.me/konominetwork
Announcement Channel: https://t.me/konominetworkchannel
Telegram (VN): https://t.me/konominetwork_vn
Telegram (Arabic): https://t.me/Konomi_network_arabic
Happy trading and #JustDODOIt!