Liquidity Mining Round — SHANG

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In our first governance meeting held on July 28, 2020, we discussed the next round of Liquidity Mining. You can find the meeting notes here.

Round SHANG Rules:

  1. Round SHANG will last for 2 weeks (estimated: August 9 (UTC 4 PM) to August 23), starting from Block: 10,625,000 to Block 10,727,499, right after the current Round XIA.
  2. 2 MCB / Block, Total supply for Round SHANG: 205,000 MCB.
  3. Incentivize MCB liquidity providers on Uniswap, MCB/ETH pair. 0.5 MCB / Block will be rewarded to LPs on Uniswap.
  4. Imbalance rate threshold for 100% mining efficiency will increase to 20%

Distribution: After every block, holders of the AMM share token will enjoy the share of the total amount.

Transfer: The MCBs will be distributed to liquidity providers every day between UTC 6 am-10 am

Thanks to our supportive community who give us valuable feedback. We will continue to devote ourselves to our mission of making investing in DeFi more accessible.

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