MILC Platform Announces 2 Staking Programs on MANTRA DAO

To further motivate and reward our long-term supporters, MILC platform is launching a couple of staking events on a well-established staking platform, and our launchpad platform, MANTRA DAO.

We are launching 2 staking programs:

A) BNB/MLT LP token staking program

B) Pure BEP-20 MLT token staking program

A) BNB/MLT LP token staking program

This staking program will help in bootstrapping $MLT token liquidity in the BNB/MLT pair on Pancakeswap. A total of 880,000 $MLT tokens will be given out as rewards to LP token stakers for the first month.

To take advantage of this opportunity, here is the step-by-step guide:

  1. Go to BNB/MLT pool on Pancakeswap and Connect your wallet

BNB/MLT pool link: https://exchange.pancakeswap.finance/#/add/BNB/0x4518231a8FDF6ac553B9BBD51Bbb86825B583263

There are various ways to connect to Pancakeswap, for this tutorial we will use Metamask.

2. Approve MLT in BNB/MLT pool

Once you have connected your wallet, insert the amount you want to provide liquidity with. Note, You will need to approve MLT first in order to interact with Pancakeswap.

Click on “Approve MLT” and confirm the transaction on Metamask.

Once confirmed, click on “Supply” which will create a confirmation pop-up (next step).

3. Provide liquidity in BNB/MLT pool

Read the details on the pop-up, and click on “Confirm Supply” afterwards in order to provide liquidity in BNB/MLT pool. You will receive LP tokens in return (as shown in the image above, i.e. 19.611 LP tokens).

3. Go to MANTRA DAO Website

Next Step is to go to https://app.mantradao.com/staking and connect your wallet with it.

Afterwards, search for MLT/BNB pool in there and insert the LP tokens you want to stake and click on “Next”.

4. Stake the LP token you received to earn $MLT token rewards

Next page will be a confirmation page. Read what is written and click on “Stake Now” to confirm the transaction on Metamask.

5. Confirm the transaction on Connected Wallet

Once you confirm the transaction on connected wallet (in this case Metamask), you will receive a transaction hash which will show status of transaction and other details.

Congratulations! Your LP tokens are staked now and you will earn $MLT tokens on it on daily basis.

A total of an equivalent of 10,560,000 MLT would be needed to be staked to achieve a 100% APR for the LP pool.

Liquidity pools comes with a risk of “Impermanent Loss”. Usually swap fees and block rewards cover up the loss and gives profit to users. But please take this fact in consideration.

B) Pure BEP-20 token staking program

For those who want to have 100% exposure to $MLT price movements but still want to earn more rewards, this program is for you.

A pure BEP-20 $MLT token staking program is also going live. A total of 586,666.4 MLT will be distributed as rewards for the first month

To take advantage of this opportunity, here is the step-by-step guide:

  1. Go to MANTRA DAO Website

First step is to go to https://app.mantradao.com/staking and look for MLT staking pool. Once selected, insert the BEP-20 MLT tokens you want to stake in the right section of the page. Click on “Next” afterwards.

2. Read & Confirm the Transaction

On the next page, you will see all the details of the staking program. Read it once and then click on “Stake Now” to confirm the transaction on the wallet you are connected with (in this case, Metamask).

3. Congratulations, Your MLT is staked!

Once confirmed, you will be given a transaction hash to see status of the transaction and other relevant details.

Congratulations! Your BEP-20 MLT is also staked on the MantraDAO platform now.

A total of 7,039,996.8 MLT would be needed to be staked in the naked staking pool to achieve 100% APR.

NOTE:

In both the above staking programs, rewards are accrued over time and are claimable on the claim pages.

A user can unstake anytime. There is a 8 day unlock period on unstaking. Instant unstaking will cost a 2% charge.

ETH/MLT liquidity mining program is coming soon on Uniswap. Stay tuned for that! We look forward to seeing your participation in the newly launched staking programs.

ABOUT MILC

MILC platform aims to provide the industry with an open new marketplace for every professional and non-professional content provider and buyer that incorporates cutting-edge broadcast, blockchain and AI-technology which can become a game changer for the entire media content industry. It solves four fundamentally important challenges of the global media industry: Global availability, Discovery process for Buyers, Complex licensing and Early feedback from viewers. MILC has been developed by Welt der Wunder, a media brand with 25 years experience in the business.

More details on MILC:

Website | Twitter | Telegram | Medium | Email | Whitepaper | One Pager | Deck

The MILC Platform was created by Welt der Wunder® and constructs a blockchain-managed licence, trading and sales platform with high-quality video content.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

All About NFTs

Trading Journal for 11/18

[LCAC conference]Interpretation on Lambda five major proposals and miners steering conference

What Is Bitcoin Cash (BCH)?

U.S. Secret Service is buying Coinbase software for tracking cryptocurrency transactions

Security, transparency, and taking care of the end user are critical elements contributing to the…

MONETARY POLICIES

Why I Bought CryptoPunk #5002

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
MILC (Media Industry Licensing Content)

MILC (Media Industry Licensing Content)

The MILC Platform was created by Welt der Wunder® and constructs a blockchain-managed licence, trading and sales platform with high-quality video content.

More from Medium

LEADING THE METAVERSE REVOLUTION — MILC PLATFORM PARTNERS WITH THE METAVERSE INSIDER

Airdrop for MultiVAC Battleship NFT 5th Raffle Winners completed

EasyFi Network Staking Update

TRAVA TO OPEN VOTE FOR ASSETS TO BUY BONDS AND THE TENTATIVE PLAN ON ETHEREUM NETWORK