MultiVAC will be joining the DODO Booster Program and kicking off a 4-week MTV/DODO liquidity mining campaign, where the pool’s liquidity providers will be rewarded with MTV tokens and DODO tokens.
The details are as follows:
Campaign Start Block Number: 6809062 (approximately April 23, 2021 at 2:30PM UTC+8 (Singapore Time))
Campaign End Block Number: 7615462 (approximately May 21, 2021 at 2:30PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the MTV/DODO liquidity pool on the DODO BSC platform will receive DLP tokens, and by staking these DLP tokens users will receive DODO tokens and MTV 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 three times the normal amount, meaning that 6,081 DODO tokens (0.0301 DODO per block) will be up for grabs from April 23 to April 30, 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.
MultiVAC is scheduled to release 750,000 BEP-20 MTV tokens (3.7202 MTV per block) every week, and a total of 3,000,000 MTV tokens are expected to be released over the course of the campaign.
Token Contract Address: 0x8aa688ab789d1848d131c65d98ceaa8875d97ef1
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.
MultiVAC is the innovative sharding protocol and pioneering flexible computing framework. MultiVAC is also called “Multi-core Ethereum”. As a high-throughput and flexible public blockchain platform, MultiVAC proposed an all-dimensional sharding solution to increase TPS of blockchain, and MultiVAC is the first one that proposed a flexible computing framework, so the developers can trade-off freely about the blockchain trilemma on this framework.
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