Dear all,
The Jade Currency $JADE farm will open May 28th, 10:00 AM UTC. From then you can deposit JADE-CAKE-LP tokens (JADE/BNB Pancakeswap LP) to farm 27,000 JADE/daily.
The step is the following :
1. Provide Liquidity for JADE/BNB market on Pancakeswap
https://exchange.pancakeswap.finance/#/add/BNB/0x330F4fe5ef44B4d0742fE8BED8ca5E29359870DF
Once you provided the liquidity, then you will get CAKE-LP token in your wallet automatically.
2. Deposit the CAKE-LP token to your Catex wallet address, just like you deposit an BEP20 token.
3. Click "Farming" menu and click the "Farm" button at https://www.catex.io/farming/plan. Then it will show the balance of your JADE-CAKE-LP token, input how much you want to lock for the farming and submit. Then you have successfully completed the farming.
4. After the above 3 steps. You don't need to do anything else, and will get JADE rewards daily.
FAQ:
Q: What's JADE-CAKE-LP token, what's its contract address?
A: JADE-CAKE-LP token is generated by pancakeswap exchange when you provide the liquidity for the BNB and JADE pair. From the bscscan explorer, its name is CAKE-LP, on Catex Exchange we have rename it to JADE-CAKE-LP to make it be clear.
This is the contract address of the CAKE-LP (On Catex, the name is JADE-CAKE-LP):
https://bscscan.com/token/0x7ae960972d668B2651261e9D4Fc40d4D983dc524
Please note, once you deposit the wrong JADE-CAKE-LP token to your Catex account, we will not be able to find it back. (PLEASE MAKE SURE YOUR LP TOKENS ARE COMING FROM THE CONTRACT ABOVE)
Q: From the farming page, you can see "Total rewards and days and the daily rewards", what's the meaning of them?
A: It means. How much JADE will reward to the farmers, and how much JADE will reward to the farmers daily. Let's say there are 10000 JADE daily rewards and 100 farmers, that means the 100 farmers will get the rewards according to the ratio of their locked JADE-CAKE-LP tokens.
Q: How much JADE can I get?
A: Each farmer's rewards will be calculated every day based on their ratio of JADE-CAKE-LP token locked compared to all JADE-CAKE-LP token locked. For example, The daily rewards is 10,000 JADE, and user A locked 500 JADE-CAKE-LP for 12 hours during the 1st day. The average amount of JADE-CAKE-LP locked across 24 hours from all participating users during the same day was 1,000 JADE-CAKE-LP. then user A will receive ((500 x 12 / 24 ) / 1,000) x 10,000 = 2500 JADE tokens for the first day.
Once again:
The JADE-CAKE-LP (represent the JADE/BNB liquidity) token's contract address is
https://bscscan.com/token/0x7ae960972d668B2651261e9D4Fc40d4D983dc524
The JADE token's contract address is:
https://bscscan.com/token/0x330f4fe5ef44b4d0742fe8bed8ca5e29359870df
Please note: THE JADE DAILY REWARDS WILL STAY 27,000/DAILY FOR 2 YEAR PERIOD.
Thanks