Extension of Subscription timing and shifting of listing time
Dear community, after discussing with both the community and our team, we have decided to extend both the Subscription Period & the Committing Period. This ensures our users have sufficient time to prepare and commit to the allocations they have well deserved, especially with their contributions to the platform and their belief in us after joining our journey.
So as a recap:
The two ways participants can qualify to receive the lottery tickets are:
- Join the Publicity Campaign by spreading our message, via Twitter.
- Contributing to the LBNB/BNB Pool Liquidity by staking LBNB and BNB on PancakeSwap’s pool.
The affected timelines will be both that of the Subscription Period and of the Commiting Period. Other timelines will as a result, be pushed back by 24 hours. These changes apply to both the Publicity Campaign and Liquidity Pool contribution.
This will be the updated version:
- Subscription Period 2021–05–11 4:00 AM (UTC) to 2021–05–11 10:00 PM (UTC): Subscriptions will open for all eligible users for an 18-hour period. Users must claim their ticket shares during this period before committing their BUSD. During this period, users can check how many ticket shares they have and claim them via our dedicated Community Sale page. Whitelisted users(contributed lp) can click on our “claim” button to get their tickets.
- Committing Period 2021–05–11 10:00 PM (UTC) to 2021–05–12 3:00 PM (UTC):
Committing Period will then open for all eligible users for a 17-hour period. The contract will draw the winning tickets, which users can check via our dedicated Community Sale page. Lottery winners can directly click on the “Approve and Buy” button, committing their BUSD.
(Note: During this period, at any point before the closing of the committing period, users have the flexibility to refund their BUSD. If there are any winning lottery tickets left unclaimed, the SBF tokens allocated to those tickets will be burned.)
- Closing Time 2021–05–12 3:00 PM (UTC).
- Listing on Pancake on 2021–05–12 3:00 PM (UTC): SBF/BUSD token pair will be tradable on Pancake.
- Claiming Period, 2021–05–12 3:15 PM (UTC): Purchased SBF tokens will be airdropped directly to the respective community sale participants.
Note: The lottery process selection for both the Publicity Campaign and Liquidity Pool contribution will be at random. This algorithm determines the winningRandomNumber calculation:
winningRandomNumber = hash(blockhash, ticketsAmount, externalRandomNumber)
blockhash is a random number, externalRandomNumber is an external random number specified by our trigger transaction.
About SteakBank
SteakBank is a Binance Smart Chain (BSC) liquid staking platform. It allows derivative tokens to be issued on the BSC blockchain through the BEP20 standard. These representative tokens can then be used for liquidity farming or as collateral for decentralized lending, enabling users to earn multiple income streams from one single asset.
A simple yet powerful project, SteakBank aims to solve the liquidity issue found in the current DeFi sector. Currently, when users stake with validator, their tokens are locked up and unable to be used for other yield generation purposes such as liquidity providing, or lending. SteakBank is able to solve this problem and improve user’s capital efficiency.
Steakbank not only benefits token holders and project ecosystems by optimizing capital efficiency but also allows the communities to earn additional income without the need for further token allocation.
Steakbanks’ native token, SBF, will also be rewarded when users stake their liquid token in SteakBank’s liquidity pool.
