Introduction to NINKY Farm
NINKY Farm has been launched!
NINKY Farm is a system in which users receive rewards by contributing to the NINKY ecosystem with their NINKY. Users can earn additional NINKY by supplying and depositing into the NINKY-BNB LP, or by staking NINKY in the “NINKY Staking Pool” to acquire additional NINKY.
How does it work?
As stated in the previous Medium article, 12% of NINKY’s total supply is going to be distributed through the NINKY Farms. NINKY in the farms will be distributed according to the following rules:
1. Total distributed amount is 12% (1,200,000,000) of the total supply of NINKY.
2. NINKY will be supplied through the NINKY Farms for 720 days starting from December 24th.
3. 833,333 NINKY is supplied to both pools(NINKY-BNB LP Pool and the NINKY Staking Pool) on a daily basis. -The set value may change depending on the future direction of pool operation-
Note: The APR displayed at the NINKY Farm may change depending on the calculation time, TVL, etc., and are for reference only. For the exact amount of rewards, please refer to the reward amount description specified in the article.
NINKY-BNB Pool
NINKY-BNB Pool is a system that supplies liquidity to the NINKY and BNB pairs in PancakeSwap, deposits the LP(state of proof), and earns additional NINKY as a reward in proportion to the LP’s stake. (Check on the contract - https://bscscan.com/address/0x572211d4aae1E862F4Fb09173Da4F31f7c3064aA)
Users can participate in the pool through the following process.
1. Go to Pancake Swap — NINKY/BNB pool (https://pancakeswap.finance/add/0x90422D35496e8ed3391971DBEC894E4a8057081f/BNB)
2. Set the NINKY/BNB value you want to deposit and execute the contract.
3. Go to NINKY Farm (https://farm.monsters.ninja/) and “ENABLE Farm”, then “Stake Farm” in order.
NINKY Staking Pool
In addition to supplying liquidity, you can also earn additional NINKY by just staking NINKY in the pool. — Please check the following address for the contract! (https://bscscan.com/address/0x517ffAb205B784b8A450A0B019D4c8523F3B9bF9)
Users acquire a separate ERC-20 token standard called “PNINKY” by staking NINKY into the NINKY Staking Pool. NINKY additionally supplied to the pool will be distributed according to the amount of PNINKY’s stake.
Users who want to stop staking can unstake as many PNINKYs as they want by going through an unstaking period of 10 days — unstaking cannot be canceled — and get back the NINKY equivalent to their stake.
The NINKY team plans to create a richer and interesting use of NINKY. Check on the communities below for upcoming news!
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Discord: https://discord.com/channels/844106979646898219/869155586636406795
Twitter: https://twitter.com/idleninjaonline
