MILC Platform $MLT LP STAKING: How-To-Guide
On November 6th, MILC Platform is unveiling native staking for $MLT, offering a golden ticket to passive income through Binance Smart Chain. With MLT/BNB liquidity staking, you can lock your $MLT tokens and reap rewarding benefits. To sweeten the deal, we’re doubling staking rewards for early participants, making it an enticing endeavor with promising APR for early stakers.
Curious about how to stake your $MLT? Our guide will walk you through the process once the MILC Staking Platform is live.
How to Stake $MLT at MILC Platform
Staking your $MLT LP tokens is a straightforward two-step process:
1. Provide Liquidity
Begin by adding liquidity to the MLT/BNB Trading Pool on PancakeSwap to acquire LP-Tokens.
Ensure that your wallet holds both $MLT and an equivalent amount of BNB. You’ll also need a small amount of BNB as a gas token to cover transaction fees.
If you don’t possess $MLT BEP20 tokens (new), purchase them from PancakeSwap using the new contract address, set to be released on November 6th.
Make sure that your wallet is set to the BSC Mainnet network.
- Proceed to the Pools section on PancakeSwap. Click on “Connect Wallet” to link your preferred wallet; we’ll use Metamask for this guide.
2. Select $BNB as one token and $MLT as the other token in the LP (Liquidity Provider) token pair. Since MLT BEP20 is a brand new token, you won’t find it in the search results; you’ll need to add it manually.
3. Copy the new MLT BEP20 token contract address (to be shared on November 6th). Paste this contract address into the search box and click “Import”.
4. Mark check on “I understand” and click on “Import”.
5. Input how much MLT or BNB you want to provide for liquidity. After putting the first value in, the second will be calculated automatically. Alternatively, you can just click “MAX” to contribute the maximum available amount of that token.
6. Now you must send “Enable” transactions to allow PancakeSwap to work with both tokens.
7. Next you must “Approve” this in your MetaMask.
8. Now, click on “Add” and then “Confirm Supply”.
9. Now “Confirm” the transaction in your wallet. The liquidity has been added successfully!
10. Now, click on “Add LP tokens to wallet” and then click on “Add token”.
And you’ve completed the liquidity provision process. Now you’re ready to stake with MILC Platform.
2. Stake Your Tokens with MILC Platform
To commence earning attractive rewards, stake your MLT-BNB LP tokens on the MILC Staking Platform.
- Go to MILC Staking Platform which will go live on 6th November and click on “Connect Wallet”. We will use Metamask in this guide.
2. Now, click on “Start stake”. Put the amount you wish to stake and click on “Preapprove”.
3. You can now adjust the Max spending limit in your Metamask wallet and then click on “Next”.
4. “Approve” the transaction in your wallet.
5. Click on “Confirm staking” and Approve it in your wallet.
6. And you are done! Congratulations, you can now start earning rewards in $MLT!
You’re now all set to start earning rewards in $MLT. We hope this guide has made the process of staking $MLT on MILC Platform clear and accessible. Your participation in our native staking program not only opens the door to passive income but also strengthens the MILC community. We’re excited to have you on this journey, and as we continue to grow and innovate, your support remains invaluable. Stay tuned for more updates, and don’t hesitate to reach out if you have any questions. Happy staking, #MILCians!
ABOUT MILC
The MILC platform aims to become one of the leading business and entertainment Metaverses. A melting pot, connecting the professional media industry with its fans. Through its own Open Web GL Metaverse and Web3 social community platform, it offers the possibility for all users, for the first time, to interact directly with the media and entertainment industry. In addition, MILC Platform offers a blockchain-based multimedia marketplace for professional content providers to trade licenses for movies, television, streaming, online publishing, music, gaming and art. It provides NFT-supported financing models for media projects as well as extensive small business opportunities for every market participant and user.
The MLT (Media Licensing Token) serves as a medium of exchange, contract signing vehicle and revenue sharing medium across all platforms within the MILC Metaverse.
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