BlackHole will be joining the DODO Booster Program and kicking off a 4-week BLACK/BNB liquidity mining campaign, where the pool’s liquidity providers will be rewarded with DODO tokens.
The details are as follows:
Campaign Start Block Number: 7292000 (approximately May 10, 2021 at 2:00PM UTC+8 (Singapore Time))
Campaign End Block Number: 8098600 (approximately June 7, 2021 at 2:00PM UTC+8 (Singapore Time))
How to Participate
During the campaign, users who add funds to the BLACK/BNB liquidity pool on the DODO BSC platform will receive DLP tokens, and by staking these DLP tokens users will receive DODO tokens and BLACK tokens as liquidity mining rewards.
BLACK Token Contract Address: 0xd714d91A169127e11D8FAb3665d72E8b7ef9Dbe2
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. 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.
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.
Blackhole protocol is an approval-free cross-chain burning platform based on Ethereum network. Any user or project governor could create a burning pool by holding BLACK and old token LP to permanently burn the old Token into a new Token, thus gaining ecological vitality. Blackhole protocol originates from Ethereum network and gradually spread to Polkadot, BSC, Heco, SOL and eventually the whole blockchain world.
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