Announcing the Unizen Liquidity Providers Program!
We want to thank everyone for their participation in the LaunchPool AME, the community support was unbelievable and we were incredibly pleased with the smooth launch of the Unizen ZCX Token!
To help bootstrap the liquidity on Uniswap, we are offering the chance for community members to provide liquidity and be eligible to receive rewards through our rewards program.
Liquidity providers benefit by getting fees of the Uniswap Liquidity Pool (paid out in ETH and ZCX simultaneously). The rewards, that come with our liquidity program, are paid in ZCX to every liquidity provider that locks ETH and ZCX on Uniswap for at least 30 days. These rewards are in addition to the normal 0.3% fee liquidity providers automatically get from Uniswap trades on the trading pairs they provide liquidity to.
Rewards program details —
The rewards pool is $30,000 USD worth of ZCX each month — up to $1,000 per day in rewards will be split up between the qualifying liquidity providers. You earn your percentage share of the pool for every day you provide liquidity, the rewards are paid out at the end of the month. If you haven’t staked for the full 30 days yet and miss the first payout date you will be paid for all the days you’re owed on the next month. Liquidity providers also get rewarded with a share of fees from every trade that happens on Uniswap while you’re providing liquidity.
To be eligible follow the steps below —
Step by step instructions —
· Start whitelisting your address by clicking https://forms.gle/A9nAPrE9MdmD12vN6
· Once submitted, visit Unizen their ‘add liquidity’ page on Uniswap here.
· Input the number of ZCX you want to provide to the liquidity pool.
· Confirm the liquidity by clicking “Approve ZCX” and accept the transaction using Metamask. Use a medium to high gas fee. The transaction may take some time due to possible network congestion.
· Once the transaction is confirmed, click “Supply” and accept the transaction using Metamask. Use a medium to high gas fee.
· The number of ZCX tokens earned as prizes in this program may vary due to other participants in the pool.
· Participants in the ZCX Uniswap Rewards program may receive varying amounts of ETH and/or ZCX from the pool for being liquidity providers, due to the nature of Uniswap and AMMs.
· Unizen does not stand in for ‘Impermanent loss’, make sure you have read up on the possible consequences for providing liquidity on Uniswap pairs.
· Unizen reserves the right to KYC any and all participants in the Rewards Program, and withhold any and all prizes pending KYC.
· Unizen makes no warranties or guarantees as to the safety and security of any and all funds deposited by participants on Uniswap.
· Unizen has no liability or control over users’ funds lost on Uniswap due to bugs or breaches on Uniswap, or due to the user’s own negligence.
Unizen is a 360° compliant liquidity solution for aggregating all aspects of the digital asset economy into a single seamless interface. A trading infrastructure built on multi-chain deep liquidity from best-in-class centralized and decentralized sources, eliminating the need for trading platform alternatives. Social sentiment indicators driven by AI learning enhance the trading experience for users in search of both traditional and emergent cryptocurrency listings. ZenX incubator discovers, accelerates, and delivers the next generation of digital assets exclusively to Unizen.