PAID is excited to announce that it will team up with Unifarm’s “Cohort 3” to deliver a group farming initiative offering long-term incentives to token holders who can stake $PAID and earn additional crypto from participating projects.
Unifarm’s 3rd edition, “Cohort 3”, will include the following six projects:
- Razor Network
- Mantra DAO
How does it work?
PAID holders, alongside holders of any of the above-listed projects, can stake up to $250K worth of tokens to farm tokens from all of the six participating projects from a maximum reward pool per project of $25K and a total reward pool of $150K over 90 days.
For example: If you stake $PAID into the UniFarm pool:
- For the first week, you will farm and receive more $PAID
- For the second week, you will farm and receive $PAID and $ORO
- For the third week, you will farm and receive $PAID, $ORO and $RAZOR
- For the fourth week, you will farm $PAID, $ORO, $RAZOR, $OM, $ROYA, $PLOTX and so on.
Those who stake their tokens can gain an APY between 40% — 250% depending on how long they staked.
Users can also un-stake tokens anytime and claim rewards. However, the clock will be reset to 0 if you want to re-enter the farming pool after unstaking.
When does the UniFarm “Cohort 3” pool start?
Cohort 3 will start on March 3rd, 2021 | 2.30 PM GMT and will last a total of 90 days. For more information about Unifarm please visit: https://unifarm.co/index.php
About Unifarm Farming Cohorts
Unifarm has a total locked value of over $3.2 Million+ and has held two very successful crypto farming Cohorts in recent months. Upon launch of the first Cohort, which included projects: Matic (now Polygon), Reef Finance, Centaur, OpenDeFi, and Frontier, $440k was staked in the first 30 minutes. This was almost doubled in the 2nd Cohort which included OpenDeFi, Matic (now Polygon), Zeroswap, Nord Finance, Router Protocol and Terra Virtua, where $870K was staked in the first 30 minutes, along with $1.5 Million staked within the first day of the launch.
Update for $PAID HODLers on UniFarm for Ignition IDOs
Ignition’s development team is working with UniFarm to allow all $PAID tokens staked to count towards Ignition Whitelist lottery entries.
However at this time it is still not enabled. We will update PAID’s community as soon as we have a definitive green light!
For the time being, if you wish to participate in upcoming IDOs on Ignition, you need to unstake your tokens and have them in the MetaMask wallet you shared with us in your whitelist application for snapshot. We will verify this when we close each whitelist, as well as when you join your indicated pool on IDO launch day/s.
If you experience any difficulties with this, please send us a help ticket at help.paidnetwork.com using the “change wallet” category.
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
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