Announcement from Binance.com
Users will be able to stake their BNB, AVAX and BUSD into separate pools to farm QI tokens over 30
days, with farming starting from 2021-11-16 00:00 AM (UTC).
QI Launchpool Details:
- Token Name: BENQI (QI）
- Total Supply:
- Circulating Supply: 631,000,000 (8.76% of total supply)
- Launchpool Supply: 22,000,000 QI
- Research Report: BENQI (QI)
- Block Explorer: QI Avalanche C-Chain Blockchain Explorer, QI Binance Smart Chain Explorer
- Staking Terms: No upper limit. KYC required
- Stake BNB: 15,400,000 QI in rewards (70%)
- Stake AVAX: 4,400,000 QI in rewards (20%）
- Stake BUSD: 2,200,000 QI in rewards (10%)
- Farming Period: 2021-11-16 00:00 AM (UTC) to 2021-12-15 11:59 PM (UTC).
QI Farming Distribution
|Dates (00:00:00 – 23:59:59 UTC each day)||Total Daily Rewards (QI)||BNB Pool Daily Rewards (QI)||AVAX Pool Daily Rewards (QI)||BUSD Pool Daily Rewards (QI)|
|2021-11-16 – 2021-12-15||733,333.33||513,333.33||146,666.67||73,333.33|
- Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.