Binance is excited to announce the 7th project on Binance Launchpool - Hard Protocol (HARD), a permissionless and decentralized cross-chain money market.
Users will be able to stake their BNB, BUSD and KAVA tokens into separate pools to farm HARD tokens over 30 days, with farming starting from 2020/11/03 0:00 AM (UTC).
Binance will then list HARD into the innovation zone at 2020/11/06 6:00 AM (UTC) and open trading with HARD/BTC, HARD/BNB, HARD/BUSD and HARD/USDT trading pairs.
HARD Launchpool Details:
Token Name: Hard Protocol (HARD)
Total Token Supply: 80,000,000 HARD
Max Token Supply: 200,000,000 HARD
Launchpool token rewards: 6,000,000 HARD (7.5% of Total Token Supply)
Initial Circulating Supply: 29,200,000 HARD (34.35% of total supply)
Staking Terms: No upper limit. No KYC required.
- Stake BNB: 3,600,000 HARD in rewards (60%)
- Stake KAVA: 1,800,000 HARD in rewards (30%)
- Stake BUSD: 600,000 HARD in rewards (10%)
- Farming Period: 2020/11/03 0:00 AM (UTC) to 2020/12/03 0:00 AM (UTC).
Read about Hard Protocol (HARD) 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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