BCPAY FINTECH DECENTRALIZED EXCHANGE LP/STAKING IS NOW LIVE!
BCPAY and ORE recently ended their LP Staking event on Apeswap Farm, which turned out very well for the investors, just by letting their tokens work for them. In this bear market people look for stability, passive income and high reward staking. This is what Liquidity Farming/Mining can offer. So you can imagine that we’re super excited to share with you that the BCPAY team has built its own Staking feature! 🔥
Fired up to know more? Let’s go! 🔥
ABOUT STAKING
By staking crypto, holders now have a tool to generate passive income from their digital assets without having to sell them.
Staking can be compared to depositing money in a traditional high-yield savings account, but then in the realm of cryptocurrency. When you put money into a savings account, the bank keeps this money for you and uses this for example to lend it to others. You receive a percentage of the interest gained from that lending and that’s how you gain interest.
Similar to locking up money when you stake your digital assets, you do so in order to take part in managing the blockchain and preserving its security.
You receive rewards (tokens) based on percentage yields in return for that. Generally speaking, these returns are significantly higher than most interest rates that banks provide.
PLEASE BE INFORMED THAT ONCE YOU STAKE YOUR TOKENS, THEY WILL BE LOCKED FOR 6 (SIX) MONTHS, BUT YOU CAN ALWAYS CLAIM REWARDS ANYTIME YOU LIKE.
ABOUT LP STAKING
LP Staking is the process by which you transfer your LP tokens to a blockchain protocol in exchange for rewards in the form of new tokens. In simple words : you “deposit” your tokens and receive more tokens as a reward. The basic concept of LP tokens is that you provide liquidity in a pair of tokens. You can create these LP tokens on Pancakeswap (PCS). Providing liquidity is not without risk, as you may be exposed to impermanent loss. This has to do with the risk of one token of the pair losing value that could cause the impermanent loss to be substantially. On the other hand, the gains can also be very high. Please DYOR before creating LP tokens.
The following pairs are available for staking: BNB/BCPAY, BNB/ORE, ORE/BCPAY on the BSC network.
HOW TO ADD LP TOKENS LIQUIDITY
Go to pancakeswap.finance/liquidity, click LIQUIDITY, ADD, then choose the corresponding equivalent of paired tokens (BNB/BCPAY, BNB/ORE, ORE/BCPAY).
You can also directly go to this link and ADD the liquidity that you want. Approve it through metamask and you’re done!
After a series of confirmations, it should display your Pooled Tokens Share in BNB / BCPAY , BNB / ORE and BCPAY / ORE.
HOW TO STAKE YOUR BNB + BCPAY LPs, EARN $BCPAY
After providing your LP Tokens on Pancakeswap, $BCPAY can be earned by staking your BNB+BCPAY LPs. Simply visit https://web-app.bcpay.finance/ and go to the Staking menu and look for BNB & BCPAY. Max out your BNB/BCPAY LP share and confirm it on your metamask. You are now all set to earn $BCPAY!
STAKE YOUR BNB + ORE LPs, EARN $ORE
After providing your LP Tokens on Pancakeswap, $ORE can be earned by staking your BNB+ORE LPs. Simply visit https://web-app.bcpay.finance/ and go to the Staking menu and search for BNB & ORE. Max out your BNB/ORE LP share and confirm it on your metamask. You are now all set to earn $ORE!
STAKE YOUR ORE + BCPAY LPs, EARN $ORE
After providing your LP Tokens on Pancakeswap, $ORE can be earned by staking your ORE+BCPAY LPs. Simply visit https://web-app.bcpay.finance/ and go to the Staking menu and search for ORE & BCPAY. Max out your ORE/BCPAY LP share and confirm it on your metamask. You are all set to earn $ORE!
STAKE YOUR BCPAY , EARN $BCPAY
Simply visit https://web-app.bcpay.finance/ and go to the Staking menu and search for BCPAY. Max out your BCPAY tokens share in the pool and confirm it on your wallet. You are all set to earn $BCPAY!
STAKE YOUR ORE, EARN $ORE
Simply visit https://web-app.bcpay.finance/ and go to the Staking menu and search for ORE. Max out your ORE tokens share in the pool and confirm it on your wallet. You are all set to earn $ORE!
What Is an Annual Percentage Rate (APR)?
The annual percentage rate (APR) is the financial value or reward that investors may receive by making their cryptocurrency tokens available for loans, taking into account the interest rates and any other costs that borrowers must pay (APR). Various companies encourage users to stake their cryptocurrency assets by giving them a high annual percentage rate (APR). Compound interest is not included in the APR.
You cannot lend your coin on all cryptocurrency exchanges. The ones that do, nevertheless, provide various pricing. Depending on the type of loan or currency you hand out, these interest rates can change considerably.
High reward APR is offered, so let your tokens work for you! Happy Farming $BCPAY and $ORE family!
Important Reminder: Staked LP Tokens & Single Token will be locked for 6 (six) months and you will only be able to unstake your tokens once the staking period finishes. This will offer price stability and is in line with the long term vision of BCPAY. We are here to stay!
Partnerships
We are also open to partnerships with other tokens. We offer possibilities such as staking rewards with your token and earn $BCPAY and vice versa. Also we offer cross marketing. In this way we can both introduce our tokens to each other’s communities. The BCPAY community welcomes you!
For more info, please contact support@bitcashpay.net
Want to know more? Follow us on our:
Website, Email, Telegram, Telegram Announcements, Twitter , Facebook Page
Disclaimer
***All contents in this article are for informative purposes only. This is not to be regarded as investment advice. We are in no position to provide investment advice. All investments to be made by any individual should be done with proper research and due diligence. DYOR. Trade at your own risk.
