BLES Vaults IV: New Staking Pools Kick Off Jan 2024
New $BLES staking program features pools for different investment horizons, ensuring there's something for everyone.
In the wake of exciting developments like the recently approved Bitcoin ETF, Blind Boxes is thrilled to bring more good news to our vibrant community. Embracing the dynamic and ever-evolving world of cryptocurrency, we are delighted to announce BLES Vaults IV, our latest token staking program on Binance Smart Chain (BSC). This program is more than just a way to earn passive DeFi revenue; it's a celebration of innovation and opportunity, offering participants the chance to win exclusive boxes filled with both digital and physical treasures.
TLDR
- BLES Vaults IV launches here on Wednesday, January 31, 2024
- Wallets staking $BLES are ranked and entered into giveaways
- You can keep your tokens in Vault VIII: No unstaking required. You will start accruing value automatically with the launch of IV pools
BLES Vaults IV
- Staking + Burn
For the fourth iteration of our BLES staking program, we're keeping what works and adding even more rewards to benefit our community. Vaults IV features three pools, each designed for different investment horizons. BLES-only and BLES-BNB-CAKE pools are ready and waiting on the BLES dApp, complete with a 50% burn mechanism for early withdrawals. - Staking Leaderboards
To incentivize long-term staking, wallets staking BLES will be ranked and automatically entered into randomized airdrops. These boxes will showcase NFTs, promos from partner projects, and more.
Vault IV schedule
- Launch date: Wednesday, January 31, 2024
- Time: ~ 23:59 UTC
- Duration: 180 days
Available pools
Single asset staking (BLES)
- Pool I — 30-day lock
- Pool II — 60-day lock
- Pool II — 12o -day lock
Dual asset staking (BLES-BNB-CAKE)
4. Pool IV — open
Burn Mechanism
Wallets withdrawing $BLES prior to the end of their selected staking period, will have a percentage burned, corresponding to the proportion of the remaining staking period.
Example 1: User A has staked his tokens in the 120-day pool. If he withdraws on day 2, 99.1% (119/120) of the principal token value will be burned.
Example 2: User B has staked her token in the 120-day pool. If she withdraws on day 36, 40% (24/60) of the principal token value will be burned.
We can't wait to see you join us in these exciting staking pools!
About Blind Boxes
Blind Boxes is a gamified marketplace and launchpad for web 3 projects, offering a platform for artists, brands, influencers, and collectors to launch hyped NFT collections. Our multi-chain ecosystem has been connecting investors with disruptive NFT projects across Ethereum, Polygon, and Binance Smart Chain since 2021. We have enabled savvy investors to participate in initial NFT offerings (INOs), initial game offerings (IGOs), and gamified NFT drops from leading web3 brands, influencers, and celebrities. Our decentralized marketplace, combined with $BLES, our publicly traded ecosystem token, provides a Degen-friendly experience for anyone looking to invest in the future of web 3. Join us on this journey of creativity, decentralization, and endless possibilities. #LFG
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