Hi Liteners, we are happy to announce that Litentry will be launching on PancakeSwap, the #1 AMM and yield farm on Binance Smart Chain. 400,000 LIT will be distributed to the Litentry Syrup Pool and ready to be mined by staking CAKE.
Here is useful information for mining LIT on PancakeSwap:
The Syrup Pool:
Stake CAKE tokens, to earn LIT tokens!
Total Tokens: 400,000 LIT
Distribution duration: 60 days
Start block: 4580530 (Feb 4th 3PM SGT)
Finish block: 6308530 (April 5th 3PM SGT)
Token rewards per block: 0.231 LIT
In order to host the LIT Syrup Pool, a LIT-BNB farm is provided which will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
As usual, it needs to be approved via a vote.
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
How do you stake CAKE to earn LIT rewards?
If you own CAKE tokens, congratulations! You’re the master of your … pancakes.
Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.
- Visit this webpage: https://pancakeswap.finance/syrup
- Click “Approve CAKE” on the LIT Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 LIT will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your LIT tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official LIT token contract address on Binance Smart Chain is:
Any other LIT token will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for LIT tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
PancakeSwap Chef Hops 🐰
Litentry is a Decentralized Identity Aggregation protocol across multiple networks, it features a DID indexing mechanism and a Substrate-based credit computation network. The protocol provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time credit/reputation of an identity owner across different blockchains.