New OneArt Earn Opportunity — Earn 1ART by Providing Additional Liquidity Before Product Launch
Today we are glad to announce that OneArt App is going to be launched in the coming weeks. Product launch is always a significant moment in the project’s life.
To celebrate this, we are happy to introduce 1ART LP-farming: earn 1ART tokens by staking LP tokens of your favorite projects.
How it works
LP farming works like traditional farming already available on https://oneart.digital/earn , but instead of staking simple 1ART tokens, you need to stake LP tokens.
What is an LP token and How to get it?
Liquidity provider tokens or LP tokens are issued to liquidity providers on a decentralized exchange (DEX) that runs on an automated market maker (AMM) protocol. PancakeSwap , Yoshi.exchange, SpookySwap, Uniswap, and are some examples of popular DEXs that distribute LP tokens to their liquidity providers.
LP tokens are used to track individual contributions to the overall liquidity pool, as LP tokens held correspond proportionally to the share of liquidity in the overall pool.
In order to get LP tokens you need to add liquidity on a selected DEX with 1ART tokens.
Why do I receive rewards from it?
Liquidity is one of the most important elements of the sustainable growth of any projects. By increasing liquidity we make 1ART token less volatile and give the ability to any big market player to buy or sell a token on any amount without significant price impact. This also impacts the market price as you effectively remove part of the token supply from circulation during this time, growing the LP against which others can execute live trades. At the same time, it shows that the community is willing to commit to supporting the token for an extended period of time.
How will you benefit from LP farming?
- LP Farming reward pool on https://oneart.digitalearn
- Total of 1,000,000 1ART tokens will be distributed proportionally between those who had staked LP tokens. Stake your LP tokens on OneArt Earn Program and get 1ART tokens rewards.
2. Liquidity Providers earn trading fees
- Providing liquidity gives you a reward in the form of trading fees when people use your liquidity pool. Whenever someone trades on PancakeSwap, the trader pays a 0.25% fee, of which 0.17% is added to the Liquidity Pool of the swap pair they traded on. In this case your LP token value grows too.
3. LP Value Growth
- LP token value growth with the growth of the Asset it combines with. By providing the liquidity to 1ART token you support the project and make your LP token asset grow together with the project.
DISCLAIMER: Providing liquidity is not without risk, as you may be exposed to impermanent loss.
Introducing 1ART/BNB Liquidity Farming
We are glad to introduce the first liquidity farming asset: 1ART/BNB LP token with 1,000,000 1ART tokens Annual Reward Pool. Stake 1ART/BNB LP tokens on https://oneart.digital/earn and earn 1ART tokens by providing liquidity to OneArt before the product launch.
Staking Token: 1ART/BNB LP Token
Reward Token: 1ART
Network: BNB Smart Chain
Start date: April 14, 2022
Farming period: 12 Months (can be prolonged)
Lock-up period: no
Reward Pool: 1,000,000 1ART tokens (annually)
Reward Distribution: on demand (claiming)
LP Token Provider: https://pancakeswap.finance
LP Farming Provider: https://oneart.digital/earn
How to get 1ART/BNB LP Tokens
In order to get 1ART/BNB LP tokens you need to provide liquidity both with 1ART tokens & BNB coin on PancakeSwap.
- Go to https://pancakeswap.finance/add.
- Select 1ART tokens (0xd3c325848d7c6e29b574cb0789998b2ff901f17e) & BNB Token, (or use a direct linlk https://pancakeswap.finance/add/0xD3c325848D7c6E29b574Cb0789998b2ff901f17E/BNB ).
- Choose how many 1ART tokens you want to add to liquidity, (the required amount of BNB will be generated automatically).
- Approve tokens (if they are not already approved).
- Click “Supply” and Sign the Transaction in your Wallet. Congratulations, now you have 1ART/BNB LP Token.
- Go to https://oneart.digital/earn and stake your LP tokens.
- Enjoy LP Farming and get rewards.
- You can claim and restake rewards any time on demand.
Where to get 1ART tokens at lowest price
OneArt tokens are available for purchase on:
Gate.io — Gate.io
PancakeSwap — PancakeSwap
Yoshi.Exchange (FTM Network) — Yoshi
SpookySwap (FTM Network) — SpookySwap
In order to bridge 1ART tokens from FTM Network to BNB Smart Chain you can use our Native Bridge: https://oneart.digital/bridge
NEW LP Farming Pairs will become available on OneArt Earn soon after the product launch. Stay tuned with our future announcements and enjoy Farming!