Pinknode Launched Liquidity Mining Program With Uniswap

The gateway to Polkadot ecosystem, Pinknode heartily announced its liquidity mining program in Uniswap with monthly rewards.

Rewards Start Date
 June 04, 2021—all liquidity providers who supply liquidity in $PNODE and ETH for 30 days will receive additional rewards in $PNODE. This reward will be on top of the normal 0.3% fee liquidity providers automatically earn from Uniswap on the trading pairs to which they provide liquidity.

REWARDS
There will be 70,000 $PNODE tokens will be allocated as rewards for the first month period. Rewards will be distributed on a block-by-block basis and can be claimed anytime and 30,000 $PNODE tokens will be allocated for the lottery at the end of the month.

Participation Guide

1. You will need to provide liquidity to the ETH-PNODE Uniswap pool during the campaign period
2. Upon successful liquidity provision, you will receive UNI V2 LP tokens from Uniswap, this signifies your share of the total liquidity in the ETH-PNODE pool
3. Go to lp-mining.pinknode.io, deposit your UNI V2 LP tokens into our smart contract, “Stake” > “Go” (maximum amount of LP tokens should be reflected in field
4. You’re on the way to earning more $PNODE tokens

Criterias

1. A minimum liquidity provision of 1,000 $PNODE tokens and the equivalent amount of ETH is required to qualify for the lottery
2. Liquidity cannot be removed from Pinknode’s liquidity mining smart contract during the month. A withdrawal of Uni V2 LP tokens from the liquidity mining contract will automatically disqualify the wallet address
3. A weekly snapshot of the Uni V2 LP tokens on the liquidity mining contract will be taken at random time of the week
4. Top 5 ranking liquidity provider gets 10,000 $PNODE token in rewards.20 winners chosen randomly will be rewarded with 1,000 $PNODE tokens

• 1st — 3,000 $PNODE
• 2nd — 2,500 $PNODE
• 3rd/4th/5th — 1,500 $PNODE
  

At current time a total reward supply stands at 100,000 $PNODE. Pinknode maintains the right to alter the amount of $PNODE distributed as reward without notice, at any given moment.

ABOUT PINKNODE
Pinknode empowers developers by providing node-as-a-service solutions, removing an entire layer of inefficiencies and complexities, and accelerating your product life cycle. It is is a Polkadot-only Infrastructure-as-a-Service project with the goal of accelerating adoption and empowering innovators to create on the most promising Web 3.0 meta protocol.

ABOUT UNISWAP
Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts

RESOURCES
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