XCarnival to Participate in the DODO Booster Program, Kicking Off the USDxc/BUSD Liquidity Mining Campaign on Nov 24

Hello CommanDODOs,

XCarnival (XCV) will be joining the DODO Booster Program and kicking off a 4-week USDxc-BUSD liquidity mining campaign, where the pool’s liquidity providers will be rewarded with XCV tokens and DODO tokens.

The details are as follows:

Event Period

Campaign Start Block Number: 12917000 (approximately November 24th, 2021 at 8:00 PM UTC+8 (Singapore Time))

Campaign End Block Number: 13723400 (approximately December 22th, 2021 at 8:00 PM UTC+8 (Singapore Time))

How to Participate

During the campaign, users who add funds to the USDXC-BUSD liquidity pool on the DODO BSC platform will receive DLP tokens, and by staking these DLP tokens users will receive XCV tokens and DODO tokens as liquidity mining rewards.

USDxc-BUSD Liquidity Pool Address: 0xe4A82b421463aF37E9597bEe2F8c34959754e515

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 reward 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 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.

XCV Tokens:

XCarnival is scheduled to release 12952 BEP-20 XCarnival tokens (0.064246 per block) every week, and a total of 51,808 XCV tokens are expected to be released over the course of the campaign.

XCV Token Contract Address: 0x4be63a9b26ee89b9a3a13fd0aa1d0b2427c135f8

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.

About XCarnival

XCarnival is a lending aggregator for Metaverse assets, which offers innovative liquidation solutions for varieties of NFTs and long- tail crypto assets. As a pioneer of NFT lending provider, XCarnival has won the Championships of BSC Hackathon for Southeast Asia.

It‘s also one of the first projects educating users to adopt the NFT-lending modes with mining rewards. XCarnival is a multi-chain protocol and will deploy on Ethereum, Polygon and Solana.

These are the ONLY official links:

Website: https://xcarnival.fi/
Twitter: https://twitter.com/XCarnival_Lab
Telegram: Telegram: Contact @XCarnivalCommunity
Telegram ANN: Telegram: Contact @XCarnivalAnnouncements
Discord: XCarnival
Medium: https://xcarnival-lab.medium.com/
Whitepaper: https://xcarnival.fi/doc/litepaper.pdf
LinkedIn: https://www.linkedin.com/company/xcarnival/
YouTube: XCarnival - YouTube