Hello everyone I hope you will be fine and enjoying good health. Today I am here to share information about the Launchpool on the binance exchange.
MC (Merit Circle) - Binance Launchpool
As we know that binance announces launchpools with the help of the respective token teams. Basically binance provides them a platform where they can start advertising and starting their pool.
Similarly yesterday binance has announced Launchpool of the MC (Merit Circle), it is the 27th project on the binance Launchpool. And all the previous pools have been finished correctly and still there are some pools which are going on, and MC (Merit Circle) I'd one of them that has been started newly. MC (Merit Circle) is basically a play to earn gaming Dao.
How to Farm MC (Merit Circle) Tokens / How to participate in the MC (Merit Circle) Pool?
It is very easy and simple to participate in this MC (Merit Circle) Launchpool. There are 3 different ways to participate in the Launchpool, we can stake our assets in this pool and can earn MC TOKENS.
- MC
- BNB
- BUSD
So we can stake the above tokens to farm MC TOKENS but the APY is different for these coins.
- If we stake MC TOKENS then we will be able to get 332.11% APY currently.
- Similarly if we stake BNB then we will get 16.23% APY.
- And if we stake BUSD then the APY will be again different that is currently 6.90%.
Total Reward Pool and Classification in different Pools
The total supply of MC Tokens is 1,000,000,000 and the current circulating supply is 42,592,000 and the circulating supply is almost 4.26% of the total supply of the coins.
And the Launchpool supply is 12,500,000 and this is divided in the pools with the different percentage, from this supply 70% of the coins are fixed for the BNB staking rewards. And similarly, reward for the MC staking is 20% and the remaining 10% supply of the pool is fixed for the BUSD staking. Farming period for the MC TOKENS is about 60 days. So if you want to stake and earn free MC TOKENS then you can easily participate in the Launchpool.
Disclaimer: The pictures used are not mine but their sources are mentioned