Introducing Unifi Protocol DAO (UNFI) on Binance Launchpool! Farm UNFI By Staking BNB, BUSD & ETH Tokens
Binance is excited to announce the 8th project on Binance Launchpool - Unifi Protocol DAO (UNFI), A multi-chain, smart-contract based DeFi solution.
Users will be able to stake their BNB, BUSD and ETH tokens into separate pools to farm UNFI tokens over 30 days, with farming starting from 2020/11/14 0:00 AM (UTC).
Binance will then list UNFI into the innovation zone at 2020/11/19 6:00 AM (UTC) and open trading with UNFI/BTC, UNFI/BNB, UNFI/BUSD and UNFI/USDT trading pairs.
UNFI Launchpool Details:
Token Name: Unifi Protocol DAO (UNFI)
Total Token Supply: 10,000,000 UNFI
Launchpool token rewards: 400,000 UNFI (4% of Total Token Supply)
Initial Circulating Supply: 2,258,333 UNFI (22.58% of total supply)
Staking Terms: No upper limit. No KYC required.
- Stake BNB: 280,000 UNFI in rewards (70%)
- Stake ETH: 80,000 UNFI in rewards (20%)
- Stake BUSD: 40,000 UNFI in rewards (10%)
- Farming Period: 2020/11/14 0:00 AM (UTC) to 2020/12/14 0:00 AM (UTC).
UNFI Farming Distribution
|Dates (0 AM to 23:59:59 UTC each day)||Total Daily Rewards (UNFI)||BNB Pool Daily Rewards (UNFI)||BUSD Pool Daily Rewards (UNFI)||ETH Pool Daily Rewards (UNFI)|
|2020/11/14 - 2020/11/19||33,333.33||23,333.33||3,333.33||6,666.67|
|2020/11/20 - 2020/11/27||10,000||7,000||1,000||2,000|
|2020/11/28 - 2020/12/13||7,500||5,250||750||1,500|
Read about Unifi Protocol DAO (UNFI) in our research report here.
- 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% in 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. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
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