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Fellow Binancians,
Binance is excited to announce the 25th project on Binance Launchpool - BENQI (QI), a decentralized non-custodial liquidity market protocol on Avalanche.
Users will be able to stake their $BNB, $AVAX and $BUSD into separate pools to farm QI tokens over 30days, with farming starting from 2021-11-16 00:00 AM (UTC).
QI Launchpool Details:
- Token Name: BENQI (QI）
- Total Supply: 7,200,000,000 QI
- Circulating Supply: 631,000,000 (8.76% of total supply)
- Launchpool Supply: 22,000,000 QI
- Research Report: BENQI (QI)
- Block Explorer: QI Avalanche C-Chain Blockchain Explorer, QI Binance Smart Chain Explorer
- Staking Terms: No upper limit. KYC required
Supported Pools:
- Stake $BNB: 15,400,000 QI in rewards (70%)
- Stake $AVAX: 4,400,000 QI in rewards (20%）
- Stake $BUSD: 2,200,000 QI in rewards (10%)
- Farming Period: 2021-11-16 00:00 AM (UTC) to 2021-12-15 11:59 PM (UTC).
QI Farming Distribution
| Dates (00:00:00 - 23:59:59 UTC each day) | Total Daily Rewards (QI) | $BNB Pool Daily Rewards (QI) | $AVAX Pool Daily Rewards (QI) | $BUSD Pool Daily Rewards (QI) |
| 2021-11-16 - 2021-12-15 | 733,333.33 | 513,333.33 | 146,666.67 | 73,333.33 |
Read about BENQI (QI) in our research report here.
Please note:
- 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% into 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.
Project Links
Website: https://benqi.fi
Whitepaper: https://docs.benqi.fi
Telegram: https://t.me/BENQIFinance
GitHub: https://github.com/Benqi-fi
Twitter: https://twitter.com/BenqiFinance
Medium: https://benqifinance.medium.com/
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