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Rina Andriana, Technical Manager at Busstad
Busstad will reward Busstad Coin & Eigar token liquidity pool (LP) providers with millions of Eigar tokens by staking Uniswap LP receipts.
BERGEN, NORWAY, Jan. 12, 2023 /EINPresswire.com/ — Busstad will distribute eight million Eigar tokens to all liquidity providers of the Busstad/USDC and Eigar/ETH liquidity pools on Uniswap. The amount paid out to investors is approximately $400,000 value based on today’s exchange rate.
The team has started work on the staking rewards dApp. The solution should be ready shortly. Rina Andriana, Busstad’s Tech Lead, is confident that the rewards program will start quickly in the coming weeks. Program rewards will dynamically increase in the first part and then slowly decrease. The term is more than one year.
In order to claim the opulent rewards, liquidity providers need to stake their Uniswap V3 LP NFT earnings on the Busstad platform. The staking smart contract distributes the Eigar token rewards to all staking addresses on a daily basis. The liquidity providers receive the Uniswap receipts automatically upon transferring the assets to the Uniswap V3 LP.
Busstad coins can be minted on the Busstad platform or swapped (purchased) on the Uniswap dApp. Eigar tokens, the future governance tokens of the Busstad ecosystem, can either be claimed for free at a 1:1 ratio to the minted Busstad coins or exchanged as Busstad token.
Busstad’s product, the Busstad coin with its property securities, kills two birds with one stone:
On the residential real estate side, Busstad reduces the cluster risk for homeowners and lowers the investment threshold for this asset class.
On the Web3 side, the Busstad coin, with its collateralized ownership interests, provides exposure to a conservative real asset class that offers lower risk and an inflation hedge as the value of the coin is determined by its collateral value.
In a previous statement, Busstad announced that it had passed a critical technical milestone and was ready to acquire a land fraction in the first quarter of 2023.
Busstad would then be the first Scandinavian real estate tokenization project combining real assets with the benefits of Web3.
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January 12, 2023 at 08:55 GMT
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