Binance - Cryptocurrency Exchange is excited to announce the 17th project on Binance Launchpool - DODO (DODO), an open, accessible, and capital-efficient decentralized exchange platform.
Crypto traders will be able to stake their BNB, BETH, and BUSD into particular pools to farm DODO tokens over 14 days, with farming starting from 2021-02-19 00:00 AM (UTC).
Binance will then list DODO into the innovation zone at 2021-02-19 10:00 AM (UTC) and open trading with DODO/BTC, DODO/BUSD, and DODO/USDT trading pairs.
DODO Launchpool Details:
Token Name: DODO (DODO)
Total Token Supply: 1,000,000,000 DODO
Launchpool Token Rewards: 1,069,518 DODO
Current Circulating Supply: 140,000,000 DODO
Smart Contract Address: DODO (ERC-20)
Staking Terms: No upper limit. No KYC required
Stake BNB: 641,710.8 DODO in rewards (60%)
Stake BETH: 320,855.4 DODO in rewards (30%)
Stake BUSD: 106,951.8 DODO in rewards (10%)
Farming Period: 2021-02-19 00:00 AM (UTC) to 2021-03-04 23:59 (UTC).
DODO Farming Distribution
|Dates (00:00:00 - 23:59:59 UTC each day)||Total Daily Rewards (DODO)||BNB Pool Daily Rewards (DODO)||BETH Pool Daily Rewards (DODO)||BUSD Pool Daily Rewards (DODO)|
|2021-02-20 - 2021-03-04||57,589||34,554||17,277||5,759|
Please note Binancians:
Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real-time.
Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time but can allocate 50% of their BNB into pool A and 50% in pool B.
Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility, and VIP benefits.
Source Link: Binance.com