YAVAXLEND (XLEND) presale — staking
Launching on our portal on 15th June 2021
The YAVAXLEND Pre-farm staking round will be hosted on our own portal, yavaxlend.finance which is deployed on the binancesmartchain network. We will be launching our UI in just a few days time.
Our platform will enable users make deposit to the staking pool and receive the equivalent value in XLEND token. This method has alternated the originally planned IDO method of token sale.
Staking is an activity where a user holds their funds (in this case, BNB) in a cryptocurrency wallet (or staking pool) to participate in helping the underlying operations of a Proof-of-Stake (PoS) blockchain network operate more efficiently and securely. In staking, the right to validate transactions and receive rewards are determined by how many tokens or coins are held in the staking pool.
Since staking usually happens via a “staking pool”, you can think of this as being similar to an interest-bearing savings account.
Our Whitepaper can be found here.
Details are as follows:
- *3,278,500 from 7,500,000 XLEND Tokens On Offer at a USD price of $0.02
- Fixed Price in BNB:
0.00025 BNB for 1 XLEND or (1BNB = 4000 XLEND)
- Maximum Raise: 150,000 USD (430 BNB)
- Pool Opens: 15th June at 6:00am UTC
- Pool Closes: 16th June at 6:00am UTC
- Pool Open Period: 24 Hours
- Minimum deposit (per user): 0.2 BNB
- Maximum deposit (per user): 2 BNB (8000 XLEND)
How Does it Work?
The pre-farm Staking round will run on a First Come, First Serve model. Participants are able to deposit(stake) any amount from 0.2 BNB up to the max. (2 BNB) during the staking window (24 hours).
The pre-farm Pool cannot be oversubscribed, meaning that once the total raise (hard cap) is met, subsequent participants will not be able to contribute funds to the pool.
Technically, their tx should revert or fail once pool reaches the hard cap.
Participating In The Pre-farm staking round
In order to participate in the Pre-Farm staking round, you will need:
- A BSC wallet (BCS web wallet, trustwallet, Metamask, SafePal), setup and connected to the BinanceSmartChain network.
- Have the right amount of BNB in your wallet. This is a straightforward process.
- Visit the staking UI and input the amount you want to deposit (stake).
- Confirm and approve transaction
Participants will be able to connect their wallet and claim their XLEND tokens immediately after the pool closes. There is a UI for this on our reward portal.
Trading and Liquidity
On completion of the staking round we will be adding 2 liquidity pools on PancakeSwap for XLEND-BNB & XLEND-BUSD. We will also be creating some guides on how to add liquidity and buy/sell on pancakeSwap in preparation for our general XLEND LP mining.
Listing price will be $0.5
IFO Rounds — Staking XLEND & XLEND LP Tokens
Soon after the staking round has been completed we will be launching 3 mining pools, allowing XLEND, XLEND-BUSD LP and XLEND-BNB LP token holders to earn more XLEND (with high APYs 😉).
The exact details will also be announced prior to the LP mining kick off.
Incentives to Support the Project and Token Price
We are determined to get our tokens in the hands of people who support the project. We will be offering various rewards to all pre-farm staking round participants who simply hold their tokens purchased in the IFO (or increase holdings) over a certain time period.
The details for this will remain undisclosed until after the snapshots have been taken. Support the project and the project will support you!
In the unlikely event that any XLEND tokens remain unsold from the staking round, these tokens will be included in the above mentioned rewards.
Information provided within this article does not represent financial advice. There is inherent risk with any cryptocurrency investment. We do not recommend purchasing tokens without first seeking professional advice.
Please do your own research before making any investment decisions; Should participation in our pre-farm staking be considered too risky based on your own personal situation, we recommend seeking alternative, cost-free methods of obtaining our XLEND tokens, such as OG airdrops and token farming.
Please use proper risk management!