ForTube governance token FOR is listed on the Binance Smart Chain decentralized exchange PancakeSwap syrup pool, and FOR-BUSD liquidity mining is simultaneously started. How do you participate in FOR-BUSD liquidity mining to earn CAKE rewards?
FOR-BUSD liquidity mining starting time: March 13, 2021 18:00 (UTC+8)
Rules: Provide liquidity for the FOR-BUSD pool can earn CAKE rewards. Rewards doubled in the first 48 hours.
Weekly Production of FOR-BUSD LP Pool: 25,200 CAKE Token
Links that may be used:
1.PancakeSwap (Binance Smart Chain): https://pancakeswap.finance/
2. How to connect MetaMask to Binance Smart Chain:
https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
3.FOR (BSC) Token Contract Address: 0x658A109C5900BC6d2357c87549B651670E5b0539
4.FOR (ETH) Token Contract Address: 0x1fcdce58959f536621d76f5b7ffb955baa5a672f
Simple Tutorial for DeFi Players:
1. Get FOR Token
Currently, you can get $FOR from centralized exchange, like binance, huobi, etc.
(After that, you need to transfer FOR to the BSC address of your personal wallet through binance.)
2. Go to PancakeSwap Farm page, provide liquidity for FOR-BUSD pool
1) Website: https://pancakeswap.finance/farms
2) Find FOR-BUSD LP Pool, authorize PancakeSwap to call your assets and provide liquidity to the pool.
3) Deposit LP token to the PancakeSwap Farm to earn $CAKE rewards.
3. Put $CAKE into $FOR Syrup Pool to earn more $FOR rewards
1) Website: https://pancakeswap.finance/pools
2) Find FOR Syrup Pool, and put $CAKE into Syrup Pool to get $FOR profit!
Kind Reminder: Liquidity mining has characteristics such as impermanent loss. Users who don’t understand DeFi should make a thorough investigation before deciding whether to participate.
Tutorial for New Users
1. Buy FOR Tokens from exchanges, like Binance, Huobi, etc.
2. Withdraw $FOR to the BSC (BEP20) address of your personal wallet through Binance (TokenPocket and MathWallet are recommended)
1) TokenPocket: https://www.tokenpocket.pro/
2) MathWallet: https://mathwallet.org/
3) Withdraw $FOR to your BSC (BEP20) address from Binance
4) Click “+” to add $FOR (BSC) token contract
0x658A109C5900BC6d2357c87549B651670E5b0539 (Please DO NOT withdraw to this address)
After that, there will be a $FOR token balance in your wallet.
3. Participate in PancakeSwap FOR-BUSD Liquidity Mining on BSC
1) Buy some BNB on Binance as a GAS fee.
Binance: https://www.binance.com/en/trade/BNB_USDT
2）Withdraw BUSD to your BSC address
3) Go to PancakeSwap
Search PancakeSwap in the Wallet App or enter the PancakeSwap website in the navigation bar:
PancakeSwap website: https://pancakeswap.finance/farms
4. Provide liquidity in PancakeSwap FOR-BUSD Pool
1) Click “Liquidity”
2) Select BUSD and FOR
3) After “Approve”, Click “Supply” and confirm to provide liquidity.
5. Stake FOR-BUSD LP to PancakeSwap Pool to earn $CAKE rewards!
1) Click PancakeSwap menu bar, find “Farms”
2) Find FOR-BUSD LP Pool, click “Approve Contract” to authorize LP token
The above picture is for reference only
3) Click “Stake LP” to deposit LP tokens into “Farms” Pool to earn $CAKE rewards!
The above picture is for reference only
After completing the above steps, congratulations, you have started earning $CAKE profit with up to 3,000% APY!
Liquidity mining has the risk of “Impermanence Loss”. You can fully understand what is impermanence loss in Binance’s tutorial:
https://academy.binance.com/en/articles/impermanent-loss-explained