NewsCrypto Liquidity Program on Uniswap
With the NewsCrypto App release and the Platform v3.0 complete redesign just around the corner, it is of our utmost importance to incentivize liquidity provision and participation in the NWC ecosystem.
We are announcing an Uniswap Liquidity Program with $20 000 worth of NWC in monthly rewards for Liquidity providers.
** UPDATE: Program start was postponed and will start on 25 of March 2021 **
Liquidity providers benefit by getting additional NWC as rewards. These rewards are paid in NWC to every liquidity provider that provides ETH and NWC on Uniswap for at least 30 continuous days. These rewards are in addition to the normal 0.3% fee liquidity providers automatically get from Uniswap trades on the trading pairs they provide liquidity to.
The program will be launched on 15/02/2021.
To participate, you just have to whitelist your address and add liquidity to NWC/ETH Uniswap trading pair. The rewards program is automatically renewed every month unless said otherwise.
With the intention of making this easier for you we created this detailed guide on how to buy NWC on Uniswap:https://newscrypto.io/blog/buy-nwc-uniswap
How to be eligible?
To qualify, you need to provide at least 1 ETH of liquidity, plus 1 ETH worth of NWC tokens.
Each qualifying liquidity add is only eligible for rewards 30 days after they are added.
Each qualifier splits the reward pool among all qualifiers based on the percentage of the liquidity he/she provided.
If you remove liquidity at any point, your previous liquidity is disqualified and you must wait 30 days from the next time you add qualifying liquidity to qualify for rewards (this is to prevent paying out to people who rug pull)
We take eligible qualifying Liquidity Providers at the end of each period and split up the pool among them.
Step by step instructions
1. Start whitelisting your address by clicking this link.
2. Once submitted, visit NewsCrypto’s add liquidity page on Uniswap here.
3. Input the number of NWC you want to provide to the liquidity pool (minimum 1 ETH worth of NWC).
4. Confirm the liquidity by clicking “Approve NWC” and accept the transaction using Metamask. The transaction may take some time due to possible network congestion.
5. Once the transaction is confirmed, click “Supply” and accept the transaction using Metamask. Use a medium to a high gas fee.
Each qualifier splits the reward pool among all qualifiers by percentage of the pool he/she provided in the liquidity pool.
Monthly periods end on 25 day of the month. Example: If you want to be eligible to participate in the first round, you have to lock the liquidity until 25 February and will receive rewards on 25 March.
The current reward is 127 000 NWC (20 000 USDT value) per month, but we reserve the right to change the amount of NWC that are given as liquidity rewards, at any time, and without notice.
Participants in the NWC Uniswap Rewards program may receive varying amounts of ETH and/or NWC from the pool for being liquidity providers, due to the nature of Uniswap and other participants in the pool
The number of NWC tokens earned as prizes in this program may vary due to other participants in the pool.
NewsCrypto makes no warranties or guarantees as to the safety and security of any and all funds deposited by participants on Uniswap.
NewsCrypto has no liability or control over users’ funds lost on Uniswap due to bugs or breaches on Uniswap, or due to the user’s own negligence
NewsCrypto reserves the right to KYC any and all participants in the Rewards Program, and withhold any and all prizes pending KYC.
NewsCrypto reserves the right to modify or cancel this Rewards Program at any time, for any reason, and without notice.
Expiration: No expiration date has been set. However, we do reserve the right to terminate the program at any time.
Risk Warning: While Uniswap is generally safe to use, you must understand how it works. You should familiarize yourself with Uniswap before performing any actions on it.
NewsCrypto is the best place for money-making decisions in the crypto world. The mission of the Newscrypto project is to develop a new global analytical ecosystem that creates a simple and efficient financial environment for successful cryptocurrency trading.
Newscrypto solves the problem of finding and analyzing the right information at the right time and allows users to make rational investment decisions.
NWC is the backbone of the NewsCrypto network. Its main utility resides in unlocking access to unique smart money movement analysis in the shape of platform features.
Visit the NewsCrypto website here.