Participating in wXDN/BUSD Pool Rewards on PancakeSwap
Great opportunity to earn up to 1,000,000 wXDN just by contributing to the pool!
What do you have to do to participate?
It is really easy, first you need to deposit a minimum of US $500 in combined liquidity in the Pancakeswap liquidity pool for wXDN/BUSD by the 17th of March 2021 at 11:59pm GMT.
You must keep track on you combined Liquidity to ensure that it does not drop below US $500. You must keep over $500 in the pool for the entire 30-day period ending on 16th April 2021 at 11:59pm GMT to qualify for the share of 1,000,000 wXDN. We will take a snapshot of the pool every day and additional snapshots randomly throughout the liquidity promotion.
Note 1: Your contribution should be a minimum of $500 at any point between Mar 17, 2021 - Apr 16, 2021 is the period
Note 2: This is the first reward on the pool. We will be announcing more rewards after success of this one.
What will you need to join the wXDN/BUSD Pool?
Your wallet will need to have all the BUSD you are planning to put in the pool. You can buy BUSD on Binance. If you can't locate it, please use this BUSD BSC contract to locate it: 0xe9e7cea3dedca5984780bafc599bd69add087d56
You will also need to have the equivalent value in wXDN in your wallet to deposit into the pool.
You will need to use to SWAP service to convert your XDN to wXDN. Please refer here for a detailed guide on how to do it. (If you don’t already have XDN, you can buy it on one the supported exchanges such as Bittrex, Whitebit or HitBTC).
You can also buy wXDN directly on PancakeSwap. Please refer Please refer here for a detailed guide on how to do it.
You will need to then contribute to the wXDN/BUSD pool. You can see the instructions here on how to contribute.
How exactly will I contribute to the wXDN/BUSD Pool?
You can follow detailed instructions here.
How much do I need to qualify for the Pooling rewards?
You will need a minimum of US $500 in combined liquidity between wXDN and BUSD. Let’s say if your combined pool contribution is US $600, you will add US $300 of BUSD and US $300 worth of wXDN. You will need to keep an eye on your contribution to ensure that it remains in balance as the price rises or falls. We recommend place more than the minimum in the pool to avoid you from dropping below the threshold. Fortunately, we are using BUSD which is a stable coin to minimize impermanent loss. Remember that the impermanent loss may decrease the amount of liquidity you have in the pool - so it is wise to have more than the minimum of US $500 to ensure that you qualify (as in the example above, the pool contribution is $600, a little bit higher than the minimum required).
Is there a maximum limit?
There is no upper limit to your contribution at this time.
How much will I earn?
Each qualifying address will receive an equal share of the 1,000,000 wXDN pool for the period of the promotion. So for example, if you contributed $1000 during this time, and the average value of overall pool was $100,000 during this time, you will receive 1% of 1,000,000 wXDN – that is, 10,000 xXDN.
How will I know when are the snapshots are taken?
We will not disclose the exact date or time of the snapshots to prevent abuse.
Do I have to keep my investment in the pool for the snapshots for the entire month?
That’s right. You need to ensure that your account in the pool maintains the minimum threshold of $500 for the period of the liquidity pool promotion.
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