Binance Launchpool: How to farm UNIFI Protocol DAO (UNFI)

Hope everyone enjoyed the Friday.... Friday 13th 2020....

Binance launched their 8th project on the Launchpool, the UNIFI Protocol  DAO (UNFI). UNFI is a multi-chain, smart-contract based DeFi solution linked to UNIFI DEFI. The farming started today, and will be available for BINANCE Coin (BNB), Binance USD (BUSD) and Ethereum holders.

The 7th project, HARD Protocol, is still available and will overlap with UNFI farming until the 3rd of December. Hard Protocol is a decentralized and permissionless cross-chain money market build on KAVA, created to perform cross-chain asset lending and borrowing. You have a choice between getting HARD or farming UNFI.

UNFI farming started at 0:00 AM (UTC) and the pools will be open for 30 days. UNFI will be listed into the Innovation Zone on the 19th of November, at 6 AM (UTC) with Bitcoin, Binance Coin and Binance USD trading pairs.   UNFI total supply is 10 million tokens, and 4% (400,000) will be distributed through the Binance Launchpool. The majority of UNFI (51%) will be distributed during the community development, the team will keep 15% and a 12% share will be shared during the private sale.

The majority of the tokens will be available for the Binance Coin users, 280,000 UNFI, a 70% share of the pool. The Ethereum holders will share 20% of the pool (80,000 UNFI) while the remaining 10% (40,000 UNFI) will be distributed to Binance USD holders. The biggest chunk of UNFI will be shared between 14th and 19th of November, when 33,333 tokens a day will be available for BNB farmers.

Only 10,000 tokens will be shared the following week and from 28th of November, only 7,500 tokens a day will be rewarded to those whom staked into the BNB pool. The above model applies to the BUSD and Ethereum pools.

 The size of the reward will be determined after hourly snapshots of user balances. The assets can be unstaked at any time with no delay and the unclaimed rewards and assets in each pool will be automatically be transferred in the Spot Wallet at the end of the farming period.

Links and referrals 

Unifi Protocol

Unifi Whitepaper

Unifi Telegram

Unifi Twitter     

Binance Launchpool - Hard Protocol (HARD) for Binance Coin (BNB) and KAVA holders

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