Method of Creating LP Staking Pool on Bitbyte (Tutorial)
Liquidity Mining is the most popular sector of Bitbyte ecology.
️️a) Users or project parties can earn earnings via creating LP and staking Token to participate in Liquidity Mining.
b) Token can be withdrawn anytime after the creation of LP. No earning will be produced if tokens are not staked on Bitbyte.
c) Users can share projects and connect with friends. The broader the relationship network, the higher earning users can get.
Steps of Creating LP Staking Pool:
- Open the link bitbyte.finance on mobile device and connect your wallet. (Or select any wallet and then open the website bitbyte.finance)
2. Click on “Earn-Liquidity Mining” in the navigation bar of Bitbyte. And then enter the page of Mining Pool.
3. Then click on “Create”. You are able to build your Liquidity Mining Staking Pool
4. Configure LP and select reward token
A. Select Tokens, which are two kinds of Token on LP to be created
B. Select Token, which is the reward token produced from the staking pool
A. Set the number of reward tokens per block as per the estimated APY.
B. Set the reward mechanism of invitation commission (optional). If the user invites other users to join in the pledge, then the former user can get he commission reward.
C. Set the release time of returns produced by staking. The minimum time is 1 month; the maximum time is 1 year.
5. Click on “Approve” on the bottom part. Click on “Confirm” and finish the payment of gas fees. Then the staking is created.
6. After paying the gas fees, please top up a certain number of income currency as reserve. Click on “Create” and the the creation is completed.
If you have any questions, feel free to contact us:
Website：https://bitbyte.finance/
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Telegrem: https://t.me/BitbyteFinance
Facebook：https://www.facebook.com/Bitbyte.Finance
Medium：https://bitbytefinance.medium.com/
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Docs：https://bitbyte.gitbook.io/en/
