Blank announced last Monday, March 15, through his Twitter account, the launch of its Liquidity Program in Uniswap, which, the company mentioned, will begin on March 30.
“We are pleased to announce that we have launched our Uniswap Liquidity Program, which will reward community members who have participated in the IDO or purchased $BLANK through Uniswap or Gate.io for contributing to the project and providing liquidity on Uniswap”, said the company through an article published on the Medium platform.
As the company explained, to ensure that the community can easily buy and sell $BLANK tokens through Uniswap, “The Blank Wallet team will reward the $BLANK liquidity providers with additional token rewards. Not only will liquidity providers be entitled to the regular 0.3% exchange fee provided by Uniswap, but they will also be able to earn a reward on their LP tokens by following the instructions below”.
In addition, he indicated that to be part of the $BLANK liquidity rewards program, community members must include their address on the whitelist through the following form. Once this is done, community members will add liquidity to the BLANK / ETH trading pair on Uniswap.
“Once all the steps mentioned above have been completed, liquidity providers will need to hold their LP tokens for a minimum of 30 days. If LP tokens are exchanged and funds are withdrawn, community members will be automatically excluded from the rewards program”, he said.
$BLANK Liquidity Reward Program Details
Blank shared some details of the program, which, in addition, recalled that it will start on March 30. Some of the items to consider are:
• To qualify for the rewards program, community members will need to provide a minimum of 1 ETH + 1 ETH worth $ BLANK on Uniswap.
• $ BLANK liquidity providers will be able to earn up to $ 20k / month in tokens.
• The minimum time required to qualify for the rewards program is 30 days (1 month).
• Rewards will be distributed monthly.
• The program will run for 90 days and may run from month to month.
• If you eliminate liquidity at any time, your previous progress will be lost. To qualify for liquidity rewards, you will need to wait 30 days before adding liquidity.
• We reserve the right to cancel or modify the program at any time.