Up to 120% annualized return, Qitmeer ecosystem upgrades again!
🚀🪬Excellent wallets and trading platforms play an extremely important role in the blockchain world. They are the main entry point to the digital asset world and directly affect users’ trading experience. CandySwap and KAHF wallets have recently undergone an important upgrade, which aims to improve the trading experience of our community users, making it smoother and more convenient.
🚁In order to promote the vigorous development of the Qitmeer blockchain ecosystem and provide users with a better trading experience and richer trading depth, the Qitmeer team has decided to launch an incentive plan to reward users who add MEER/USDT liquidity after upgrading, while providing them with more profit opportunities.
In this incentive plan, users who add liquidity can not only enjoy the 0.3% transaction fee on the CandySwap platform, but also receive additional annualized income, up to a maximum of 120%. 🧨This means that you can not only benefit from the transaction fee, but also get more income on the Qitmeer network, further enhancing your trading experience. This incentive plan aims to encourage users to actively participate in the on-chain ecosystem, create win-win opportunities, and promote the healthy growth of the ecosystem.
Event details
⏰Event time
October 17 — October 31 (12:00 PM UTC)
🎠Limited-time benefit: Add LP and enjoy 60% annualized return
During the event, the address of the MEER/USDT Liquidity pool added to CandySwap will receive MEER rewards based on the number of MEERs added, and the annualized rate of return will be determined based on the number of MEERs added to the LP.
🎠Limited-time benefit: Buy MEER and add LP, the annualized income can reach 120%
During the event, addresses that purchase MEER through CandySwap to increase holdings and then add LP will receive a higher rate of return, and the increased annualized rate of return of LP will be based on the amount of increased MEER holdings.
🗼An example of calculating annualized income
Address A purchased 500 MEER during the event and added them to the Liquidity pool, and the annualized return rate of Address A will be 40% (20% + 20%).
Address B held 5,000 MEER before the event, removed 3,000 MEER during the event, and then purchased 5,000 MEER. Then the net increase in address B’s holdings was 2,000 MEER.
If 1000 MEER is added to the Liquidity pool, the annualized rate of return for address B will be 70% (40% + 30%).
If all 7000 MEER are added to the Liquidity pool, the annualized return to address B is 90% (40% + 50%).
🚥Event rules
During the event, the daily rate of return will be confirmed based on the number of MEER newly added to LP and the number of MEER increased holdings，income is calculated on a daily basis, and the part less than 24 hours is not calculated.
During the event, the total reward pool for the event is 50,000 MEER, which will be sorted and distributed according to the address pledge time every day, on a first-come, first-served basis, until the prize pool is distributed.
This event is limited to community users and does not include ecological project parties such as CandySwap. The maximum participation amount for each address is 50,000 MEER, and the excess amount will not be included in the reward range.
In order to ensure the legal compliance of the event, users from some legally restricted areas will be prohibited from participating, including countries such as the United States and China.
The Qitmeer team reserves the right to cancel the participation qualification of non-compliant addresses. The actual addresses that receive MEER rewards are subject to the information released by the Qitmeer team.
After the event, the rewards will be settled and distributed within 5 working days.
🚀💫The Qitmeer team has been committed to continuously improving and optimizing on-chain products and supporting services to provide users with a more convenient user experience. We sincerely invite everyone to participate in this event and witness the prosperity and development of our ecosystem together. We will continue to work hard to provide you with better services. Thank you for your support of Qitmeer Network !
🧑💻CandySwap Website
💎How to buy MEER Coin
🎭How to use cross-chain bridge
CandySwap Tutorial: https://qitmeer.io/#/library/article/67
SWFT AllChain Bridge: https://qitmeer.io/#/library/article/113
