Launch of the $KIAN Staking Program & New Partnership with Ferrum Network
The Kianite team is proud to disclose a new staking partnership with Ferrum Network! We’ll be officially launching our $KIAN staking program on the 4th of May.
This is another building block towards constructing a bright future for our platform.
Ferrum Network is a decentralized network that represents existing tokens on other blockchains or networks. It’s changing the way we use dApps and DEXes, giving users the ability to exchange and facilitate transactions of almost any crypto token cheaply and effortlessly.
Given the immense number of projects already using Ferrum’s technology, in addition to having $35 million in TLV (total locked value), it’s a no-brainer for us to leverage its DeFi capabilities to provide immense value to $KIAN token holders.
Staking Instructions
This new staking program will allow $KIAN holders to lock their tokens and receive additional incentives, such as high yield returns. The more users who stake and continue to hold the token will only strengthen its value and the overall ecosystem.
In order to be able to stake your tokens, you’ll need to have them stored in your MetaMask wallet.
The below information will provide you with what you need to locate the official $KIAN token details:
- bscscan link: https://bscscan.com/token/0x5ece3f1542c4e1a06767457e4d8286bea772fc41
- Contract address: 0x5ece3f1542c4e1a06767457e4d8286bea772fc41
Staking is easy — all you need to do is connect your MetaMask wallet to our staking contract and deposit your $KIAN tokens into your pool of choice. All earned rewards will be conveniently sent back to your wallet, so you don’t have to lift a finger!
Types of Staking
We’ll be offering two different types of staking within one-asset pools on Pancakeswap — traditional (pink and gray diamond) and liquidity (yellow and blue diamond) staking:
Traditional Staking
Pink Diamond
- APY: 22%
- Duration: 90 days
- Maximum Pool Size: 1.2M $KIAN
- Mandatory Lockup Period: 30 days
- Early Release APY: 10%
Gray Diamond
- APY: 38%
- Duration: 180 days
- Maximum Pool Size: 600K $KIAN
- Mandatory Lockup Period: 60 days
- Early Release APY: 16%
Liquidity Staking
Yellow Diamond
- APY: 22%
- Duration: 90 days
- Maximum Pool Size: 10K $KIAN
- Mandatory Lockup Period: 30 days
- Early Release APY: 10%
Blue Diamond
- APY: 40%
- Duration: 180 days
- Maximum Pool Size: 5K $KIAN
- Mandatory Lockup Period: 60 days
- Early Release APY: 20%
Users can withdraw their tokens early if desired (after the mandatory lockup period has passed), but in turn will receive fewer rewards than those who stake longer. However, if you keep your tokens staked until full maturity, you’ll receive the maximum APY. Good things come to those who wait!
Once the staking program goes live, make sure to stake your tokens as quickly as possible. When time runs out, or if the contract reaches the maximum pool size, the program will close.
We’ll be releasing the staking interface soon, so keep an eye out for more!
About Ferrum Network
Ferrum Network is a decentralized network that is inherently different from its counterparts, such as Ethereum. Its technology allows for the representation of tokens belonging to other networks. It consists of advanced decentralized applications that allows users to exchange and transact tokens efficiently and at a low cost, without holding your assets in custody.
$FRM is the governance token and is utilized for facilitating transactions, reducing fees, and preventing network spams through spending. Each time $FRM is spent, an equivalent amount of tokens are burned.
We have rebranded to “Porta” visit our new site to learn more about the company and follow us to not miss anything.
