MetaCex Farm has Launched at Catex Exchange
Dear all,
The Metaverse Exchange (MetaCex) farm will open December 2nd, 10:00 AM UTC. From then you can deposit METACEX-UNI-V2 tokens (METACEX/ETH Uniswap LP) to farm 150,000,000 MetaCex tokens over the next 365 days.
The step is the following :
1. Provide Liquidity for METACEX/ETH market on Uniswap.
https://app.uniswap.org/#/add/v2/ETH/0xd796B8EFf23d5C4C71f43C99ffD7D8A3119F7475
Once you provided the liquidity, then you will get UNI-V2 token in your wallet automatically.
2. Deposit the UNI-V2 token to your Catex wallet address, just like you deposit an ERC20 token.
3. Click “Farming” menu and click the “Farm” button at https://www.catex.io/farming/plan. Then it will show the balance of your METACEX-UNI-V2 token, input how much you want to lock for the farming and submit. Then you have successfully completed the farming.
4. After the above 3 steps. You don’t need to do anything else, and will get METACEX rewards daily.
FAQ:
Q: What’s METACEX-UNI-V2 token, what’s its contract address?
A: METACEX-UNI-V2 token is generated by uniswap exchange when you provide the liquidity for the ETH/METACEX pair. From the etherscan explorer, its name is UNI-V2, on Catex Exchange we have rename it to METACEX-UNI-V2 to make it be clear.
This is the contract address of the UNI-V2 of MetaCex is (On Catex, the name is METACEX-UNI-V2):
https://etherscan.io/token/0xb3c0fbde893cfa0d8e09a60dd12bcf92fe1e0ebd
Please note, once you deposit the wrong METACEX-UNI-V2 token to your Catex account, we will not be able to find it back. (PLEASE MAKE SURE YOUR LP TOKENS ARE COMING FROM THE CONTRACT ABOVE)
Q: From the farming page, you can see “Total rewards and days and the daily rewards”, what’s the meaning of them?
A: It means. How much METACEX will reward to the farmers, and how much METACEX will reward to the farmers daily. For example, let’s say there are 10000 METACEX daily rewards and 100 farmers, that means the 100 farmers will get the rewards according to the ratio of their locked METACEX-UNI-V2 tokens.
Q: How much METACEX can I get?
A: Each farmer’s rewards will be calculated every day based on their ratio of METACEX-UNI-V2 token locked compared to all METACEX-UNI-V2 token locked. For example, The daily rewards is 10,000 METACEX, and user A locked 500 METACEX-UNI-V2 for 12 hours during the 1st day. The average amount of METACEX-UNI-V2 locked across 24 hours from all participating users during the same day was 1,000 METACEX-UNI-V2. then user A will receive ((500 x 12 / 24 ) / 1,000) x 10,000 = 2500 METACEX tokens for the first day.
Once again:
The METACEX-UNI-V2 (represent the METACEX/ETH liquidity) token’s contract address is
https://etherscan.io/token/0xb3c0fbde893cfa0d8e09a60dd12bcf92fe1e0ebd
The METACEX token’s contract address is:
https://etherscan.io/token/0xd796b8eff23d5c4c71f43c99ffd7d8a3119f7475
Please note: THE METACEX DAILY REWARDS WILL STAY 410,000/DAILY FOR THE NEXT 365 DAYS. IF YOU WISH TO REMOVE YOUR LP TOKENS FROM THE CATEX FARM, THERE WILL BE A WITHDRAW FEE DEPENDING ON THE ETHEREUM NETWORK WHICH IS NORMALLY AROUND $30-$50.
Thanks
