Banana launches BNAN staking pool based on Merlin Chain, with a total reward of 100,000 tokens
Banana is a Launchpad asset launchpad project built on the BTC network. It aims to create a BTC ecological asset issuance and trading market and provide users with a cheaper and more convenient trading experience. Not long after its launch, it has received seed investment from iBox, the largest digital collectibles marketplace.
Its native token $BNAN IDO was launched on January 7 and was minted in less than 24 hours. After being listed on OKX Wallet, the price soared to more than 15 times, and the number of participants in the Twitter whitelist event exceeded 10,000. As of press time, the $BNAN floor price remains at about 9 times the fair mint price.
Combining Bananas business model and product planning, it can be found that $BNAN, as one of the pillars of the Bananan.market token economy and ecosystem, maintains considerable consistency in its ecological empowerment and the platforms long-term planning, and has the most extensive The application scenarios include staking $BNAN to obtain the platform Launch project whitelist, holding $BNAN to obtain irregular airdrops, and priority to experience platform ecological products, etc.
After being connected to Merlin Chain, Bananas popularity continues to increase, and there are voices in the community discussing staking $BNAN. As a community-driven BTC ecological project, we are very happy to see that Banana has responded to the community in a very short period of time. demand, and officially launched the $BNAN pledge pool on April 3, allowing users to pledge $BNAN through simple on-chain operations and capture lossless profit opportunities on the chain.
Reward distribution
It is reported that Banana is expected to issue 100,000 $BNAN rewards in this $BNAN pledge pool activity. There are 3 pledge cycles for users to choose from: 30 D, 60 D, and 90 D. The longer the pledge time, the higher the income, with the highest Annualized income exceeds 25%! You can choose different staking times based on your own capital return expectations.
It is worth noting that the official has also specially set up a bonus reward: when the total amount of $BNAN pledged in the 30 D pledge pool ≥ 1, 500, 000 $BNAN, the current pledge pool will increase the reward by 10% $BNAN; when the 60 D pledge pool pledges $ When the total amount of BNAN ≥ 1, 000, 000 $BNAN, the current pledge pool will increase the reward by 20% $BNAN; when the total amount of $BNAN pledged by the 90 D pledge pool ≥ 1, 000, 000 $BNAN, the current pledge pool will increase the reward by 30% $ BNAN rewards.
User pledge income
There are two key factors that affect user income: pledge amount and time coefficient.
Choosing a longer staking period will result in a greater time coefficient bonus: the 30-day staking time coefficient is 1.257, the 60-day staking time coefficient is 1.344, and the 90-day staking time coefficient is 1.436. If the actual pledge time is lower than the pledge pool time, the users pledge time coefficient is calculated based on the ratio of the actual pledge time to the pledge pool standard time. For example: when user As actual pledge days are 27 days, then user As pledge time coefficient = 1.257*( 27/30)= 1.1313.
User’s staking income = User’s pledged $BNAN amount
Example:
User B invests 5000 $BNAN to participate in the 90 D pledge pool and actually pledges it for 80 days, then the computing power coefficient of user B is 5000 100, 000, the total computing power coefficient of the pledge pool is 1, 540, 000, then the mining reward available to user A = 6382.22/1, 540, 000* 68250 ≈ 282.84 $BNAN, and the annualized rate of return is approximately 25.81%.
How to stake $BNAN on Banana
(1) Before staking starts, you need to cross-chain transfer $BNAN to Merlin Chain. Click Bridge:
After connecting your BTC wallet and EVM wallet, switch to $BNAN:
Click Inscribe Transfer to transfer the $BNAN in your wallet to the platform.
After the transfer is successful, click Send to complete the asset cross-chain:
(Note: BTC Gas fees need to be paid to complete on-chain transactions)
(2) After the cross-chain is completed, return to the Staking page and click Stake:
Enter the amount of $BNAN you want to stake and select the staking period. Click Stake:
(Note: BTC Gas fees are also required here to complete on-chain transactions)
(3) After the submission is successful and the following pop-up window appears, please wait patiently:
The prompts for successful pledge are as follows:
The amount of $BNAN staked can be viewed here:
