Following a successful IDO via the BSC start program, KamPay is delighted to announce our liquidity rewards program, launching on Thursday, June 17 at 12:00 UTC.
The initial liquidity rewards program is set to run for two months (60 days) and it will distribute approximately 2 million KAMPAYs in rewards.
The intention of the program is twofold. First, it’s designed to increase liquidity in the KAMPAY pool on PancakeSwap and second, it will incentivize and serve to benefit early KamPay supporters.
KamPay will be utilizing PancakeSwap, which, like other DEXs, gives users the ability to provide liquidity by adding tokens to a liquidity pool.
For those who are new to LP programs, when you add your token to a liquidity pool you will receive liquidity pool (LP) tokens. The number of LP tokens you receive represents your portion of the KAMPAY-BNB liquidity pool and thus your portion of rewards. You can also withdraw your funds at any time by removing your liquidity.
Summary
Given that we have allocated a fixed amount of KAMPAY, the APY will be determined by the participation of the liquidity providers.
How to start earning KAMPAY
Step 1: Go to the PancakeSwap liquidity page. Once there, you will see an interface as shown below.
https://exchange.pancakeswap.finance/#/add/0x8E984e03ab35795C60242c902ECe2450242C90e9/BNB
Step 2: Unlock your wallet and enter an amount on one of the tokens you wish to deposit under “input”. The other will calculate automatically. (If your balance is too low on one pair, enter a lower amount.)
Step 3: Click the Approve KAMPAY button. Your wallet will then ask you to confirm the action.
Step 4: Once Step 3 is complete, the Supply button will light up. Click it.
Step 5: A window will appear indicating how many LP tokens you will receive. Click the Confirm Supply button. Your wallet will again ask you to confirm the action.
Step 6: After a short wait you will see your LP Token balance populate at the bottom of the page.
Step 7: Once you see this balance, you can head over to pool.kamari.io and deposit the received LP tokens into the reward pool by connecting the same wallet on the top right and hitting the deposit button.
That’s it! You’re now farming KAMPAY rewards!
About Kamari
Kamari is an African blockchain initiative focused on lottery and gaming use cases with the goal of building a unified mobile ecosystem for over one billion people. By integrating existing infrastructure and licensing with a standardized currency for gaming and payments, Kamari will instantly offer a better experience to users all across Africa.
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