Binance is excited to announce the 6th project on Binance Launchpool - CertiK (CTK), a cross-chain protocol with security scoring and decentralized reimbursements for building secure dApps and blockchains.
Users will be able to stake their BNB, BUSD and CTK tokens into separate pools to farm CTK tokens over 12-16 days using the new Launchpool format, with farming starting from 2020/10/23 0:00 AM (UTC). Please note that you will not receive CTK rewards for staking tokens in the CTK pools prior to the farming start time.
Binance will then list CTK at 2020/10/27 8:00 AM (UTC) and open trading for CTK/BTC, CTK/BNB, CTK/BUSD and CTK/USDT trading pairs.
CTK Launchpool Details:
Token Name: CertiK (CTK)
Total Token Supply: 100,000,000 CTK
Launchpool token rewards: 1,500,000 CTK (1.5% of Total Token Supply)
Initial Circulating Supply: 22,100,000 CTK (22.1% of total supply)
Farming Period: 2020/10/23 0:00 AM (UTC) to 2020/11/08 0:00 AM (UTC).
Staking Terms: No upper limit. No KYC required.
|Farming Pool||Total Rewards (CTK)||Farming Start Time (UTC)||Farming End Time (UTC)|
|BNB||1,050,000||2020/10/23 0:00 AM||2020/11/08 0:00 AM|
|BUSD||225,000||2020/10/23 0:00 AM||2020/11/08 0:00 AM|
|CTK||225,000||2020/10/27 0:00 AM||2020/11/08 0:00 AM|
Read about CertiK (CTK) 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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