Minter Dev Notifications

BIP MegaPool

The Minter team is currently developing a solution that would allow the owners of BIP to earn and significantly increase the native coin’s liquidity. The holders will have a unique opportunity to put their coins into a pool with USDT and benefit from fees, farming, and BIP’s growth. They will not even need USDT, which will be supplied by external providers.

To create MegaPool, we will set up a multisig deposit address targeting the 500M BIP mark. Once the participant has transferred BIP, they will start receiving 2% monthly (or 24% in APR) on the amount of provided BIP. Upon liquidity removal, BIP holders will get 75% of the dollar returns that will have been generated from the pool’s growth and collected fees. The remaining part will go to the dollar providers.

As soon as 500 million BIP is deposited, we will launch smart contracts on the BSC and Ethereum networks. The contracts will add liquidity into Uniswap and PancakeSwap.

For external buyers, MegaPool will also present an opportunity to purchase a large amount of BIP. The coins will be sold, however, at a 25-percent premium to prices observed on uniswap/pancake. The resulting USDT will be sent to the participants’ wallets right away, and they will then decide whether to buy BIP or keep USDT.

To sum up:
- All BIP owners will get an opportunity to earn on liquidity provision: fees, possible rise in price, farming at a 24-percent APR
- USDT will be supplied into the pool by external providers, meaning BIP holders will need only one coin—BIP
- This solution will help substantially boost BIP’s liquidity and its attractiveness in the crypto market

www.tg-me.com/us/Minter Dev Notifications/com.minterdev_en/43

5.2K viewsJan 31, 2022 at 20:01

BIP MegaPool

The Minter team is currently developing a solution that would allow the owners of BIP to earn and significantly increase the native coin’s liquidity. The holders will have a unique opportunity to put their coins into a pool with USDT and benefit from fees, farming, and BIP’s growth. They will not even need USDT, which will be supplied by external providers.

To create MegaPool, we will set up a multisig deposit address targeting the 500M BIP mark. Once the participant has transferred BIP, they will start receiving 2% monthly (or 24% in APR) on the amount of provided BIP. Upon liquidity removal, BIP holders will get 75% of the dollar returns that will have been generated from the pool’s growth and collected fees. The remaining part will go to the dollar providers.

As soon as 500 million BIP is deposited, we will launch smart contracts on the BSC and Ethereum networks. The contracts will add liquidity into Uniswap and PancakeSwap.

For external buyers, MegaPool will also present an opportunity to purchase a large amount of BIP. The coins will be sold, however, at a 25-percent premium to prices observed on uniswap/pancake. The resulting USDT will be sent to the participants’ wallets right away, and they will then decide whether to buy BIP or keep USDT.

To sum up:
- All BIP owners will get an opportunity to earn on liquidity provision: fees, possible rise in price, farming at a 24-percent APR
- USDT will be supplied into the pool by external providers, meaning BIP holders will need only one coin—BIP
- This solution will help substantially boost BIP’s liquidity and its attractiveness in the crypto market

BY Minter Dev Notifications