We’re excited to present the first campaign aimed to raise awareness about BIP among users of Ethereum network. On July 7, 2021, it’s become possible to make cross-chain transfers of BIP between Minter and Ethereum. For that to happen, the BIPx token had been issued on Ethereum beforehand, which is a wrapped (mirrored) version of BIP coin. It represents the BIP that has been locked on Minter Network for future transactions.
Today, Minter’s announcing a first-of-its-kind campaign, whose goal is to attract attention of Ethereum and Uniswap users to the BIPx asset and Minter network in general. It consists of three parts: 1. BIPx and USDT farming, 2. Giveaway, 3. Airdrop.
The campaign also unlocks earning opportunities for BIPx token holders, offering lucrative rewards in USDT and BIPx tokens for those making the BIPx-USDT pair liquid.
Aside from rewards mentioned above, the BIPx-USDT pool’s participants will automatically try their luck in a giveaway of big prizes, which is set to take place August 15, 2021.
Moving on to the details.
USDT Farming & BIPx Farming
(rewards for providing liquidity)
- Pool: BIPX-USDT (Uniswap v2)
- Timeframe: July 15–August 15, 2021
- Daily rewards: 0.1% in USDT + 0.1% in BIPX on provider’s total liquidity
- To exclude manipulation, snapshots of the pool’s LPs—taken on a daily basis at a random time—will be used as proof of eligibility
- Rewards distribution starts: August 16, 2021
- Check out the size of your reward: bipx-farming.minter.network
For example, suppose you’ve added 1 000 USDT and 30 000 BIPx into the pool.
Your total liquidity expressed in U.S. dollars would be 2 000 USDT.
Each day, you’ll be getting 0.1% on your total liquidity in USDT tokens and 0.1% on your total liquidity in BIPx tokens.
That is: 2 USDT and 60 BIPx.
To check out the size of your BIPx and USDT farming rewards, go to the claim page and sign in with the address that’s a BIPX-USDT pool’s LP. Once there, you’ll see the reward you’ve accumulated. You’ll be able to collect it starting August 16, 2021.
Giveaway
- Five winners:
1st place = 500 000 BIPX
2nd place = 200 000 BIPX
3rd place = 100 000 BIPX
4th place = 100 000 BIPX
5th place = 100 000 BIPX - When: August 15, 2021
- Participants: all liquidity providers of the BIPX-USDT pool (Uniswap v2)
LP tokens of participants of the pool will act as so-called “lottery tickets” participating in the giveaway of prizes. For better accuracy, we’ll multiply them by 10 000:
Number of user’s “tickets” = number of LP tokens * 10 000
Each day at a random time we’ll be taking snapshots of the BIPx-USDT pool’s LPs, while the number of their LP tokens (think of “lottery tickets”) will be saved into a database. The longer you keep your tokens in the liquidity pool, the higher the chances you’ll have in the final raffle. That being said, BIPx & USDT farming rewards will be accrued on a daily basis, and the giveaway is an extra bonus for providing liquidity.
This giveaway’s prizes will be randomly drawn on August 15, 2021. Once again: the more tokens you keep, the higher the likelihood of winning.
Airdrop
- Budget = 1 000 000 BIPX
- When: August 20, 2021
- Participants: all liquidity providers of the BIPX-USDT pool (Uniswap v2)
The tokens will be airdropped proportionally to providers’ liquidity, based on the number of tickets that participants will have accumulated by the time of the draw. The more liquidity the provider supplies to the pool, the more tickets they accumulate every day, the more their share of the airdrop.
You can collect your airdrop using the claim page as well.
To take part in three campaigns at the same time, the only thing you need to do is add liquidity to the BIPX-USDT pool on Uniswap.
This material serves educational purposes only. The information contained herewithin does not constitute an investment, financial, legal, or tax advice, and it is not an offer or solicitation to purchase or sell any financial instrument.
