New locker — Staking and Farming Release

Constantin Kogan
BullPerks
Published in
2 min readSep 8, 2021

🐃Dear Bulls,

⏳As of tomorrow September 9th at 1 pm UTC the old locker will no longer be counted for your tier and you won’t be able to participate in any new deals through the old locker.

1️⃣Locking your tokens with the new locker — once you lock your tokens with the new locker a 60 days countdown starts until you can unlock the token without penalty. If you lock it during that time then you will get a 20% penalty. The countdown resets every time you successfully participated in a deal for all the pools and the locker. This will prevent people from buying tokens to participate in a specific deal and dump after.

2️⃣Staking — you can stake your BLP tokens in a BLP staking pool for 3 months where the reward is 500K BLP for the duration of the pool. APY will change based on the amount of BLP stakes in the pool.

3️⃣Farming — you will be able to lock BLP in PancakeSwap to support liquidity and stake liquidity tokens for 90 days and get rewarded in BLP. The total amount of BLP tokens to be farmed is 400k BLP.

APY will be calculated based on the amount of Liquidity locked on our platform.

🟠In both staking and farming pools if you unlock tokens in the first 30 days you will have a 30% penalty, if within 30–60 days penalty will be 25% and if within 60–90 days 20%.

🔵Your tier will still be recognized based while you’re staking or farming BLP.

🟢We will also implement Time Locks for all tiers for participation in deals!

🔸Bronze tier will have a 3-day lock between deals

🔸Silver tier will have a 3-day lock between deals

🔸Gold tier will have a 1-day lock between deals

🔸Titanium tier will have a 1-day lock between deals

📣Moving forward we will be combining projects with smaller allocations and launching 2 on the same day so with these time locks each person will have a much higher chance to participate in 1 deal that day and it will be fairer.

Kind regards,

BullPerks Team

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Constantin Kogan
BullPerks

Dad, entrepreneur, angel investor, meta-connector. Researching and contributing to the sharing and value economies 🚀