NerveNetwork (NVT) will be joining the DODO Booster Program and kicking off a 4-week NVT/BUSD liquidity mining campaign, where the pool’s liquidity providers will be rewarded with NVT tokens and DODO tokens.
The details are as follows:
Campaign Start Block Number: 8110352 (approximately June 8th, 2021 at 2:00 PM UTC+8 (Singapore Time))
Campaign End Block Number: 8916744 (approximately July 6th, 2021 at 2:00 PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the NVT/BUSD liquidity pool on the DODO Binance Smart Chain (BSC) platform will receive DLP tokens, and by staking these DLP tokens users will receive NVT tokens and DODO tokens as liquidity mining rewards.
NVT/BUSD Liquidity Pool Address: 0x1eb7d209d36c4527cc5f0e94e4d3c2dcf96570be
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 NerveNetwork campaign will be three times the normal amount, meaning that $22,500 worth of DODO tokens will be up for grabs from June 8 to June 15, 2021, UTC+8.
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.
NerveNetwork is scheduled to release 234,375 BEP-20 NVT tokens (1.1625744 NVT per block) every week, and a total of 937,500 NVT tokens are expected to be released over the course of the campaign.
NVT Token Contract Address: 0xf0e406c49c63abf358030a299c0e00118c4c6ba5
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.
Nerve is a decentralized digital asset service network based on the NULS micro-services framework, which uses the NULS ChainBox to develop a blockchain cross-chain interaction protocol. The aim is to break the isolated blockchain value and establish a cross-chain asset exchange network to provide all the necessary underlying support for the Defi application ecosystem. Let every digital asset holder experiences a truly secure, free and transparent Defi application service.
These are the ONLY official links
Website: https://nerve.network 14
Documentation: http://docs.nerve.network 3
Twitter: https://twitter.com/nerve_network 1
Telegram: https://t.me/NerveNetwork 1