Paymium launches into liquidity mining: 1.2M BCIO tokens to be won
The Paymium exchange opens on Uniswap and Balancer two liquidity mining pools for the BCIO, the native token of its Blockchain.io altcoins platform. Over a period of one month, 1.2 million BCIO tokens will be distributed to liquidity providers.
Blockchain.io and its token, the BCIO
Created by the French team of Paymium in 2018, Blockchain.io is a new cryptocurrency trading platform . Since its creation, Blockchain.io has strived to offer foolproof security and reliability, all in compliance with current French regulations.
Blockchain.io comes with its native token, the BCIO . This has several roles for the ecosystem of the platform. It allows its holders to reduce their transaction costs and offers them voting rights on the evolution of the platform’s services .
The BCIO token will also be used on Paymium , and the merger of the two platforms currently underway suggests that the utility of the BCIO could be enriched soon.
Earn BCIOs by becoming a liquidity provider
Always ready to experiment, the Paymium platform opens for the first time two liquidity mining pools in BCIO , the token that owns its Blockchain.io altcoin platform .
These liquidity pools will be opened on the Uniswap and Balancer platforms, and liquidity providers will be greatly rewarded.
From this day, November 4, 2020 at 12:00 , and until December 2 , the rewards will rain: 1.2 million BCIO tokens will be distributed among the participants .
These rewards in BCIO are in addition to those already offered natively in UNI or BAL tokens. Indeed, liquidity providers receive a portion of the exchanges that pass through the pools where they place funds.
The interest is therefore double, participate in the liquidity of the BCIO / ETH pair and receive commissions on the transaction fees of other users. To distribute the rewards among the participants, two snapshots of the addresses providing liquidity to the pools will be taken during the week at a random time.
You will therefore have to leave your crypto-assets on Uniswap and Balancer smart contracts for the entire period to be sure of obtaining the rewards, which will be paid out on a weekly basis.
Of the 1.2 million BCIOs that will be distributed to participants, 400,000 will be distributed on Uniswap in this way:
Uniswap’s liquidity pool reserve follows the following pattern: 50% BCIO / 50% ETH
The remaining 800,000 BCIOs are allocated to liquidity providers on Balancer , with the following breakdown:
Balancer’s liquidity pool reserve follows the following pattern: 20% BCIO / 80% ETH.
To add the BCIO token in the platform lists, copy / paste the official contract address: 0xcdc412f306e0c51e3249b88c65423cd16b322673.
In case you are unfamiliar with using the Uniswap and Balancer platforms, comprehensive tutorials on how to provide liquidity have been written by Blockchain.io.
Depending on the results obtained, Paymium could repeat the operation, and offer even more rewards to the BCIO’s liquidity providers.
If you have any questions, don’t hesitate to join the Telegram and Discord groups dedicated to Blockchain.io.