Hello HODLers!
Decentralized Finance is now on Torum! TORUM Finance is now LIVE!
I'm farming in the XTM/BNB pool on PancakeSwap and staking my LP on Torum Finance. Look what a nice APR!
To commemorate the expansion to the BINANCE Smart Chain (BSC) network, Torum is excited to introduce the liquidity reward program to BSC, featuring $40,000 USD worth of LP reward per month up for grabs.
Participants can join the program by providing liquidity into the XTM/BNB pool on PancakeSwap.
The program will feature $40,000 USD worth of LP reward, starting from 8th October 2021 and the program will continue perpetually, unless announced otherwise.
In addition to the 0.17% LP revenue on PancakeSwap, LP addresses can earn a share of the $40,000 USD LP reward, which is split into a $30,000 USD primary pool (LP tokens staking) and a $10,000 USD secondary pool (sXTM governance token staking).
Note: Only primary pool (LP tokens staking) is open as of now. Secondary pool (sXTM governance token staking) will be released in future, subject to changes in the rule.
Among the $40,000 USD LP reward, 97% will be distributed to the qualified addresses, while the remaining 3% will be allocated as dev incentive and burned from the total token supply.
The primary pool reward will be provided in the form of sXTM, which is the governance token of Torum Finance and also a BEP-20 token pegged to XTM at a ratio of 1:1. In short, sXTM has the same value as XTM (1 sXTM can always be swapped to 1 XTM, but sXTM empowers holders with governance power (more info about sXTM’s governance power will be announced soon)).
The details of the secondary pool staking program (sXTM governance token staking) will be announced soon. To participate, one must stake his/her sXTM in the secondary pool to be entitled with staking reward.
Please make use of the following contract addresses and URLs for the LP program.
Buy XTM using BNB on PancakeSwap:
https://pancakeswap.finance/swap?outputCurrency=0xCd1fAFf6e578Fa5cAC469d2418C95671bA1a62Fe
Get XTM/BNB LP Token by adding liquidity to XTM/BNB pair on PancakeSwap:
https://pancakeswap.finance/add/BNB/0xCd1fAFf6e578Fa5cAC469d2418C95671bA1a62Fe
Stake XTM/BNB LP Token at Torum Finance:
https://www.finance.torum.com
Token Contract Address of XTM (BEP-20): 0xcd1faff6e578fa5cac469d2418c95671ba1a62fe
Token Contract Address of sXTM (BEP-20):
0x1840f4FDf23e90fDdB5D56CCA1E054EFb326A838
More info here: https://medium.com/torum-official/announcing-torum-liquidity-reward-program-bsc-162793412471
Introduction to Torum
Torum is the world’s first SocialFi ecosystem (Social media platform + DeFi + NFT metaverse) that is specially designed for cryptocurrency users and projects.
Torum empowers projects with a one-stop crypto marketing suite that enables them to expand their market reach to the right audience, while connecting users through a social media platform and fulfilling their crypto-focused needs through the integration of NFT, DeFi and aggregated industry data (market cap & news).
XTM is the multichain (Ethereum + Polygon + Binance Smart Chain + HECO Chain) utility token of Torum ecosystem and it's now listed on Uniswap and Pancakeswap. Read Torum Whitepaper to figure out XTM token utilities and the potential of the ecosystem (Crypto-social + DeFi platform + NFT marketplace + Metaverse + Airdrop section + News aggregator): https://whitepaper.s3.us-east-2.amazonaws.com/torum-whitepaper-V4.0-EN.pdf
Sign up with my referral link, complete identity verification, achieve 100 points from the power-up missions and you will earn 15 XTM airdrop: https://www.torum.com/signup?referral_code=makeitreal
