Torum Liquidity Program

Published on: 21.09.2021

Torum will launch the $XTM LP Staking Program on Uniswap.

The program will feature $30,000 USD worth of $XTM tokens, and limited edition NFT starting from 27th of September. Participants can join the program by providing liquidity into the XTM/ETH on Uniswap V2.

In addition to 0.3% of LP revenue on Uniswap, whitelisted addresses can earn a share of the $30,000 USD LP reward in this program.

LP Reward Distribution Method

The $30,000 USD worth of $XTM will be provided and split up between qualified liquidity providers every day ($1,000 USD per day). The reward will be calculated and accumulated every day until it is distributed 24 hours after the liquidity program is ended.

A snapshot will be taken at 12AM UTC every day to record the contribution of each qualified address. Regardless of the LP duration, all LP reward will be distributed to the qualified and whitelisted addresses within 24 – 48 hours after the liquidity program is ended (between 27th October 2021, 12AM UTC — 29th October 2021, 12AM UTC).

“The bigger the LP share, the bigger the reward from the liquidity program”.

The first snapshot will be taken on 27th September 2021, 12AM UTC (the day the liquidity program is launched), the subsequent snapshots will be taken every day at 12AM UTC, and the last snapshot will be taken on 27th October 2021, 12AM UTC. Therefore, your liquidity should be provided and verifiable on blockchain.

A snapshot will be taken on 25th October 2021, 12AM UTC to determine the price of XTM tokens, which will be used in the liquidity reward calculation of $XTM token amount.