HUBABUBA: Farming & Everyday Raffles

HUBABUBA is an experimental meme token designed to gamify the process of learning Minter and its main features. We’ve also developed a two-part program:

  1. Farming
  2. Everyday raffles

Farming

Farming is a special program to reward liquidity providers with extra incentives, in addition to regular swap fees they already get (0.2% per each).

Terms

  • Pool for farming: HUBABUBA-HUB
  • When: from May 10, 2021 till May 10, 2022
  • Daily returns: 1% of the liquidity provided (calculated in BIP)
  • Rewards are paid out in the HUBABUBA token
  • Snapshots of providers will be taken on a daily basis at a random time
  • Rewards will be distributed in multi-send transactions on a daily basis at a random time

Everyday Raffles

Terms

  • When: from May 30, 2021 till May 30, 2022
  • Participants: the top 100 liquidity providers of the HUBABUBA-HUB pool
  • Daily prize: 1% of the pool’s total liquidity, paid out in the HUBABUBA token
  • No. of daily winners: 1
  • Snapshots of providers will be taken on a daily basis at a random time
  • Rewards will be distributed on a daily basis at a random time

⚠️ Attention! The HUBABUBA token is labeled as ‘experimental,’ meaning it doesn’t guarantee profitability and is only intended for educational purposes!

About Liquidity Pools

A liquidity pool is a trading pair of coins/tokens with locked-up funds of liquidity providers that ensure swappability. Buying or selling through a liquidity pool, a trader uses funds that have been locked into it.

You can find the HUBABUBA-HUB liquidity pool using explorer services below:

Buy HUBABUBA

To buy HUBABUBA, go to the Minter Console’s “Swap” section:

Specify the amount you want to buy and the coin/token you want to sell. After pressing “Buy,” double-check the information in the pop-up window and confirm the transaction.

You can also use BIP Wallet for Android or its web version.

About Providing Liquidity

To take part in the farming program and everyday raffles, you need to supply liquidity to the HUBABUBA-HUB pool. You can do that via the section “Pools” in Minter Console:

In the liquidity addition form, choose the HUBABUBA token and enter the necessary amount. Select the HUB token as well, and the system will tell you how much of it you need to provide. Double-check the information in the pop-up window and confirm the transaction upon clicking “Add.”

Useful Links

BipLenta’s guide to liquidity pools

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