WMASS to Participate in the DODO Booster Program, Kicking Off the WMASS/DODO Liquidity Mining Campaign on April 22

Hello ComanDODOs,

WMASS will be joining the DODO Booster Program and kicking off a 4-week WMASS/DODO liquidity mining campaign, where the pool’s liquidity providers will be rewarded with WMASS tokens and DODO tokens.

The details are as follows:

Event Period

Campaign Start Block Number: 6780263 (approximately April 22, 2021 at 2:30PM UTC+8 (Singapore Time))

Campaign End Block Number: 7586662 (approximately May 20, 2021 at 2:30PM UTC+8 (Singapore Time))

How to Participate

During the campaign, users who add funds to the WMASS/DODO liquidity pool on the DODO BSC platform will receive DLP tokens, and by staking these DLP tokens users will receive DODO tokens and WMASS 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:

Rewards Distribution

DODO Tokens:

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 22 to April 29, 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.

WMASS Tokens:

WMASS is scheduled to release 42,000 BEP-20 WMASS tokens (0.2083 WMASS per block) every week, and a total of 168,000 WMASS tokens are expected to be released over the course of the campaign.

Token Contract Address: 0x7e396BfC8a2f84748701167c2d622F041A1D7a17

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.

Brief introduction of WMASS:

The MASS consensus engine aims to become the infrastructure layer to all blockchain. Based on Proof-of-Capacity consensus protocol, the MASS consensus engine creates a consensus layer that is permissionless, fair, energy efficient, secure, and universal, ensuring the fundamental security of all the chain above.

The MASS consensus originated from a paper done by MIT computer scientists, and the project is totally driven by community, with no pre-mining.

MASS’s mainnet was launched in 2019, and the network grows with about 300 PB hash rate within 2 years(For comparison, Filecoin has about 1000 PB hash rate in its network), and is supported by organizations such as HelloPool,Huobi, Fenbushi Capital, HashKey, NGC Capital, MPool etc.

Recently MASS community introduced WMASS to Binance Smart Chain, which is in BEP20 format and its value is 1:1 pegged to MASS. The purpose of WMASS is to introduce assets with real-world value to DeFi world, and hope we can coordinate with Pancake for some future development. Website WMASS bridge:https://wmass.org/

Be careful, it looks like WMASS has lost its 1:1 peg and it is not yet possible to change WMASS back to MASS.