Celebrate Bitlayer Mining Gala, join bitPoint Season 1! Don’t miss out on a
party of farming. During this Mining Gala, your bitPoints will be tripled!
Bitlayer Mining Gala date: May27th — June 10th
Total bitPoint Season 1 Incentives: $6 Million
Below are the key parameters of the Season 1 and the rules for bitPoint calculation:
Protocol Key Parameters:
Key parameters are subjected to changes according to the current market status
Points Calculation Rules:
- Season 1 Duration: May 15, 2024 — Aug 15, 2024
- Supported Networks: Bitlayer
- Points Settlement Time: Individual points will be settled daily, with user actions influencing daily point increments.
Basic Point Acquisition Methods and Calculation Formulas:
(a) Minting bitUSD
Point Mint=Value of Minted bitUSD×3
(b) Providing Liquidity for Specified Trading Pairs on bitCow (bitUSD-USDT/bitUSD-WBTC)
Point Add (bitUSD-USDT)=(Value of added bitUSD+Value of added USDT)×2 Point Add (bitUSD-WBTC)=(Value of added bitUSD+Value of addedWBTC)×2
(c) Staking bitUSD
Point Staking=Value of Staked bitUSD×1.5
Stake bitUSD to earn DOUBLE Points
bitSmilers who stake bitUSD on Avalon, Layerbank or Mage will earn not only bitSmiley’s bitPoints but also Avalon Points or Layerbank’s L Points.
bitSmiley X Avalon details
bitSmiley X Layerbank
bitSmiley X Mage Finance
Team Bonus:
We encourage users to form teams or join teams using invitation codes. We will rank the total points of each team, and joining a team with higher total points will significantly increase the user’s individual points. The specific bonuses are as follows:
*Any team bonus earned prior to joining a group will not contribute to your individual point bonus.
bit-Disc Staking Bonus:
Users staking M-bitDisc on the bitSmiley website and associating their EVM wallet address will enjoy additional rewards, as outlined below:
*bitDisc staking bonus will be calculated by the end of season 1.
Have fun at season 1! Will you be the no.1?
