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Aluna (ALN) – Liquidity Mining Launch Event on 25 Mar 2021

Aluna (ALN) - Liquidity Mining Launch Event on 25 Mar 2021
Aluna (ALN) - Liquidity Mining Launch Event on 25 Mar 2021

“Aluna’s genesis Liquidity Mining pool will distribute 250,000 ALN to ALN/ETH liquidity providers on Uniswap over 12 weeks, starting at…”

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Aluna Liquidity Mining Program: Enlist & Earn ALN

Aluna’s genesis Liquidity Mining pool will distribute 250,000 ALN to ALN/ETH liquidity providers on Uniswap over 12 weeks, starting at 12PM UTC on Thursday, March 25, 2021.

Aluna Liquidity Mining Program

The ALN liquidity mining program supplements our long-term distribution modelincentivizes liquidity provision, and improves stability of the ALN market.

ALN Liquidity Mining: Uniswap ALN/ETH Pool

To participate, you first need to add Liquidity to the Uniswap ALN/ETH Pool. You will receive a Liquidity Provider (LP) token in return.

Next, stake these LP tokens on the Aluna FarmNote that staking will not be available until the Launch time stated below.

The pool address is 0x99a86705da25a6d13a06f713871a8bbb8292c1b8Do NOT send any tokens directly to the pool address, they will be lost forever. You MUST use the Stake function, or use the UI to stake them.

Once your stake is approved and your deposit confirmed, you will start earning ALN once the pool is active, and you can unstake at any time.

ALN rewards are allocated every minute based on the proportion of your staked tokens against the total staked tokens in the same pool.

To make the pool a fair playing field for smaller investors, there will be a maximum staking limit of 200 LP tokens (~$20,000) for the first 24 hours.

Pool details:

  • Staking token: Uniswap ALN/ETH LP token
  • Distribution amount: 250,000 ALN
  • Effective ALN mined: ~2.607/minute, ~124.01/hour, ~2976/day
  • Distribution period: 12 weeks
  • Launch: Thursday, Mar 25, 2021, 12:00h UTC
  • End: Thursday, Jun 17, 2021, 12:00h UTC

After the first liquidity mining pool has stabilized, we will be adding new pairs on Uniswap and other DEXes, and launching new pools.

ALN Distribution Farming

Along with new liquidity mining pools, we also plan to roll out Distribution Farming which is aimed at attracting traders and investors from the wider DeFi ecosystem.

The first wave of ALN farming will be offered exclusively to Aluna’s strategic partners’ communities, enabling them to stake their native tokens to earn ALN for a limited time.

More details to come in the following weeks. Stay tuned!

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