MintSwap, the premier DEX and NFT marketplace on the Mint Blockchain, is committed to providing a seamless and innovative platform for token swaps, NFT trading, and more. We have recently celebrated the successful launch of its groundbreaking MS404 NFT collection. Built on the innovative ERC-404 standard, MS404 offers holders exclusive benefits and rewards within the MintSwap ecosystem.
Now, we’re thrilled to introduce our highly anticipated MintSwap Mining Program! Starting on August 13th, 2024, it’s an opportunity for everyone to earn a piece of the pie by simply interacting with the MintSwap features. We’ll allocate a whopping 6,000 MS404 NFTs (60,000,000 $MST tokens) to our amazing users who participate in our liquidity providing and trading activities.
We’re offering two approaches for everyone to earn $MST in the MintSwap Mining Program: Liquidity Provider Rewards and Trading Rewards. Designed to incentivize participation and foster a thriving ecosystem, this program is a testament to MintSwap’s commitment to its community.
About MintSwap Mining Program
6,000 MS404 NFTs, or equivalent $MST, will be rewarded to MintSwap ecosystem participants. All the $MST allocated to the mining program will be released linearly over one year, starting from the time the program goes live. The rewards of the MintSwap Mining Program includes the Liquidity Provider Rewards and Trading Rewards.
Liquidity Provider Rewards
The liquidity mining program of MintSwap will be live at 12:00 PM UTC, 13th August 2024. 2,000 MS404 NFTs (equivalent to 20,000,000 $MST) will be allocated to the liquidity providers of different pools with varying weightings.
Weightings of the pools:
- ETH/USDT Pool: 25%
- ETH/USDC Pool: 25%
- ETH/MST Pool: 50%
Claiming Rewards:
There will be a rewards dashboard page, with the rewards updated hourly, allowing you to claim $MST rewards you earned at any time.
(The weightings of the pools will be adjusted on a monthly basis to ensure a fair and dynamic distribution of rewards. Additionally, new pools will be added to the program over time, providing LPs with even more opportunities to earn.)
Trading Rewards
The trading incentive program will also be live from 12:00 PM UTC, 13th August 2024. A generous pool of 4,000 MS404 NFTs (equivalent to 40,000,000 $MST) will be distributed to active traders throughout the program.
How it Works:
① Earn from trading NFTs from “Whitelisted Collections”: Earn rewards proportionally based on the trading fees you generate when trading NFTs from whitelisted collections, which will be labeled in MintSwap NFT marketplace. The more you trade, the more you earn.
What are the Whitelisted Collections? They must meet the following requirements:
- More than 5000 items in this collection
- More than 20 ETH total trading volume
- The number of owners must be greater than 20% of the number of items
- The collection must get verified by the MintSwap platform (with a blue check mark)
② Earn from trading on MintSwap DEX: Rewards will also be allocated proportionally to the trading fees generated on the DEX, but only for swapping between the following tokens:
- MST
- ETH
- USDT
- USDC
Claiming Rewards:
There will be a rewards dashboard page, with the rewards updated hourly, allowing you to claim $MST rewards you earned at any time.
Seize the Moment: Join MintSwap Mining Frenzy!
Why are we launching the MintSwap Mining Program now?
Immediate, Tangible Rewards: Participating in mining programs provides all of you with a clear and tangible way to earn more $MST. This creates immediate value and incentivizes early engagement with the MintSwap platform.
More Potential for Future Increase: By participating in mining programs early on, you’ll have more opportunity to accumulate a significant amount of $MST before the others.
Early Access to Mint Ecosystem Value: $MST serves as a pioneering asset on the Mint Blockchain, especially before the official launch of the Mint token. By earning $MST through mining, you’ll gain early exposure to the value and potential of the Mint ecosystem.
Whether you’re a liquidity provider or a trader, the MintSwap Mining Program is your golden ticket to a world of rewards. Don’t miss out on this incredible opportunity to earn $MST and become a part of the MintSwap success story!
The launch of the MintSwap Mining Program marks a significant milestone not only for MintSwap itself, but also for the entire Mint Blockchain ecosystem. By incentivizing active participation and liquidity provision, MintSwap is playing a crucial role in driving the growth and adoption of the Mint Blockchain. As we move forward, we are confident that these mining programs, coupled with the innovative MS404 collection and our ongoing commitment to user-centric development, will lay a strong foundation for a thriving and sustainable NFT ecosystem on Mint Blockchain. The journey has just begun, and we invite you to be a part of it!
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