Dear CoinW users,
CoinW will start FXS high-revenue liquidity mining event from 14:00 to 15:00 on Jan 20 (UTC+8). The supported mining currencies includes ETH and USDT, and the revenue currency is FXS. After the event ends at 15:00 on Jan 20, CoinW will use the same amount of the funds locked during the event for liquidity mining. Details of the specific activities are as follows:
1. Lock ETH to Liquidity Mining
Lock-up currency: ETH
Lock-up time: 14 days
Annualized return: up to 200%
Liquidity mining currency: ETH
Liquidity mining revenue currency: FXS
Event entrance opening time: 14:00 to 15:00 on January 20, 2021 (UTC+8)
Liquidity mining start time: 15:00, January 20, 2021 (UTC+8)
Liquidity mining end time: 15:00, February 03, 2021 (UTC+8)
Application details:
Total amount: 120 ETH
Per share: 0.1 ETH
Purchase threshold: 1 share at least
2. Lock USDT to Liquidity Mining
Lock-up currency: USDT
Lock-up time: 14 days
Annualized return: up to 200%
Liquidity mining currency: USDT
Liquidity mining revenue currency: FXS
Event entrance opening time: 14:00 to 15:00 on January 20, 2021 (UTC+8)
Liquidity mining start time: 15:00, January 20, 2021 (UTC+8)
Liquidity mining end time: 15:00, February 03, 2021 (UTC+8)
Application details:
Total amount: 150,000 USDT
Per share: 100 USDT
Purchase threshold: 1 share at least
About FXS:
Token:FXS
Website:https://frax.finance/
Block Browser: https://cn.etherscan.com/token/0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0
Introduction:
Frax is the first fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.
Notices:
1. Handling fee: 0 handling fee charged for the whole process, and the gas fee generated will be deducted from the revenue.
2. Revenue distribution: The investment revenue of FXS liquidity mining will rise and fall with the market currency price change. The actual revenue will be determined by the actual mining revenue, and airdropped to the Exchange account daily on the T+1 day.
3. Due to the high operating cost, refunds during the process are not supported, and the principal will be returned in the form of airdrops after it ends.
4. If there is a low profit on the day during the mining process, and taking into account the loss of the transfer gas fee, it may issue revenue accumulated of days or stop mining in advance.
CoinW Team
January 18, 2021