Farm
Last updated
Last updated
Our plan is to release all Merchain Tokens (MAIN) to the public. Holders of MAIN Tokens can provide liquidity on decentralized exchanges to earn rewards. Over 100 million tokens will be awarded to liquidity providers, with 10 million tokens awarded for the first two months, 3 million for the next ten months, and the second year farm time and reward amount to be announced on September 2022.
Those that put liquidity on the initial MAIN pair, MAIN/BNB, at Pancakeswap and Bakeryswap, can stake the LP tokens they get from the above websites at TosDis' web app's farming area, where MAIN pool for MAIN-BNB will be available for you to earn MAINs with your LP tokens.
To begin, you must connect to Pancakeswap using a wallet integration that they support, which includes Metamask, Trustwallet, Mathwallet, TokenPocket, WalletConnect, Binance Chain Wallet, and SafePal Wallet.
After connecting to Pancakeswap, ensure that you have both MAIN and BNB. If you don't already have one of these, you'll need to obtain each of these tokens before you can put liquidity. You can buy BNB on Binance: https://www.binance.com/en/buy-BNB (Keep in mind that you will need BNB on the BEP20 Network.)
First click on the “Trade” section on the left side of Pancakeswap, then click “Exchange,”
While leaving BNB on the “From” section, click on “Select a Currency” on the “To” section, and paste the MAIN token address: "0x45F193b778f95604f4fE69824302C7d000925FF3", and then click on MAIN under the appeared section.
You will be able to trade on Pancakeswap with BNB to MAIN, depending on how much you want to obtain.
Step 2: Provide Liquidity and Get LP tokens
Once you have both MAIN and BNB, go to Pancakeswap's left hand side and click on the "Liquidity" area under the "Trade" button. Then click the “Add Liquidity” option.
As the first input, use BNB. Use MAIN as the second input (Token address: 0x45F193b778f95604f4fE69824302C7d000925FF3)
Choose how much of each token you want to put in for liquidity, bear in mind that their dollar worth must be equal.
In order to add liquidity, select "Supply." When you click that, it will display how many LP tokens you will receive. Pancakeswap will issue a fixed quantity of LP tokens based on the amount of liquidity you provide.
On the popup, click "Confirm Supply."
Step 3: Stake your LP tokens
On the right side, click on BSC network and connect your wallet
Find MAIN pool and click approve
Confirm the transaction on your wallet
Click stake, then max, then stake again to stake your LP funds
Confirm the transaction again
Congratulations, you are farming MAIN tokens
Merchain Token (MAIN) will have LP pools from the following decentralized exchanges:
https://pancakeswap.finance/ https://www.bakeryswap.org/
To begin with, in order to provide liquidity, you must always pair it up. This implies that if you want to put liquidity worth 100000 MAIN tokens, and let's assume they're worth $1000 at the moment you want to put liquidity, you'll also need 1000$ worth of BNB tokens to pair it up
You should also understand the problem of impermanent loss while supplying liquidity. When you provide liquidity, you are simply supplying pairs to the market so that there can be liquidity when others buy and sell. If one of the pair's prices rises or falls, you will suffer an impermanent loss. There are additional instructions available for understanding impermanent loss, as well as calculators you may use to determine how much impermanent loss would occur.
While impermanent loss is a possibility, our liquidity mining program is designed to reduce this and help you earn more MAIN tokens.
Although we have a large quantity of tokens awarded by the Liquidity Mining Program, these rewards will be divided among all stakeholders for liquidity such that the APY and the payouts depend on how much you have in the pool.
The more liquidity, the better the market, the less volatility in each transaction, the less impermanent losses.
