How to earn N1CE tokens on TosDis

Yield Farming Details

This program will run on TosDis and will last 8 months, with a total reward pool of 9 million N1CE tokens, distributed as follows:

  • Month 2: 1.500.000 N1CE
  • Month 3: 1.000.000 N1CE
  • Month 4: 1.000.000 N1CE
  • Month 5: 1.000.000 N1CE
  • Month 6: 1.000.000 N1CE
  • Month 7: 1.000.000 N1CE
  • Month 8: 1.000.000 N1CE

What you need

  • A BEP-20 compatible wallet like Metamask, TrustWallet, TokenPocket etc
  • Some N1CE tokens
  • Some BNB (BEP-20) tokens

Step-by-step guide

First of all, you will have to provide some liquidity on Pancakeswap. To do that, go to https://exchange.pancakeswap.finance/#/pool and connect your wallet.

  1. Click on Stake button, and select MAX
  2. Confirm the transaction (make sure you have enough gas to pay for it)
  3. Earn free N1CE tokens! This month’s pool has insane APY! (The APY is adjusted according to the size of the liquidity pool)

General Warnings on Liquidity Providing

  • In order to provide liquidity you always need to provide the same value of both tokens. This means that if you want to put a liquidity worth of 100 N1CE tokens, and let’s say, it’s worth 20$ at that time, you also need to provide 20$ worth of BNB tokens.
  • While providing liquidity you have to understand the phenomenon of impermanent loss. Impermanent loss happens when the price of your tokens changes compared to when you deposited them in the pool. The larger the change is, the bigger the loss.
    So why do liquidity providers still provide liquidity if they’re exposed to potential losses? Well, impermanent loss can still be counteracted by trading fees. In fact, even pools that are quite exposed to impermanent loss can be profitable thanks to the trading fees.
  • While we have a large amount of N1CE tokens reserved for the liquidity mining program, these rewards will be distributed among all liquidity providers that are staking, so the APY and rewards will change accordingly.
  • Final note: the larger the liquidity, the healthier the market. This means less volatility on each trade, with the risk of impermanent loss decreasing drastically.

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N1CE - The Crypto Experts

N1CE - The Crypto Experts

A community of people who love cryptocurrencies and blockchain, with a high level of expertise they can share with others. Website: http://n1ce.community/