Purse Liquidity Mining Program (Part 2)
2 billion $PURSE in total for liquidity providers to grab
Dear $PURSE holders,
Purse Liquidity Mining Program (Part 1) is coming to an end. It has been a successful event and we have received positive feedback from the community. Your voices and contributions are important for us, and we have decided to extend this program.
Purse Liquidity Mining Program (Part 2) will launch right after the first program ended and to support this program, we will distribute the upcoming generated $PURSE tokens to all LP stakers via smart contract and burn the same amount of $PURSE tokens from the current circulation. Total reward for this program is 1 billion $PURSE and the same amount was BURNT from the circulation.
Transaction Hashes:
$PURSE Burn Transaction 1
$PURSE Burn Transaction 2
Supported LP: PURSE-BUSD from PancakeSwap.
Tutorial
To join this Liquidity Mining program, you must restake your LP from the AMM DEX into the official website. The official website link is https://pursetoken.com/ . Please double check and always use the official website before providing any LP tokens. Please find the step by step tutorial below:
1. Visit https://pursetoken.com/ and click “LP Farm”
2. Connect your Binance Smart Chain wallet to the website.
3. Select the pair you want to deposit.
4. Enter the amount and click “Deposit”.
5. Confirm the transaction on your wallet.
6. You are required to harvest the $PURSE reward manually by clicking the “Harvest” button. If you choose to withdraw / redeposit the LP, the system will automatically harvest the $PURSE reward for you.
As previously mentioned, to counter the inflation rate of the $PURSE token, it has applied the BDL (Burn, Distribution, and Liquidity) mechanism. The current rate of BDL is 20%, of which 10% of the tokens will be burned, 5% distributed to the private wallet holders and 5% transferred to the liquidity pool.
Please note that participating in the liquidity mining program requires transactions and 20% of the $PURSE transaction amount will be deducted to contribute to the BDL mechanism. This is applied to every transaction, including adding liquidity to AMM DEX.
And, this is it. Please let us know if you have any questions or suggestions to improve this farm on the forum.functionx.io and do not forget to follow @Pursetoken on Twitter. Hope you enjoy the decentralized liquidity mining program.
