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Introducing KIRO Liquidity Staking - kirobo.io · We are thrilled to announce Kirobo's liquidity...
Transcript of Introducing KIRO Liquidity Staking - kirobo.io · We are thrilled to announce Kirobo's liquidity...
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Introducing KIRO Liquidity Staking
We are thrilled to announce Kirobo's liquidity rewards for staking KIRO-ETH
pool tokens.
Uniswap is the gateway to KIRO and has consistently demonstrated itself as
the most popular DEX. We are excited to continue supporting Uniswap while
increasing the depth of the KIRO/ETH pool on Uniswap to deepen KIRO
liquidity.
This KIRO liquidity rewards program will commence on September 22nd 2020
. Over a 365 day period, ending September 21nd 2021 KIRO will be
distributed as rewards to liquidity providers for the KIRO/ETH pool on
Uniswap V2.
If successful, we expect more Kirobo liquidity reward programs to follow
across other pools that we might create. We are particularly keen to test if the
rewards program leads to deeper liquidity pools on the KIRO/ETH pair on
Uniswap V2 as well as depth durability.
Important Note:
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There is a limit to the amount of liquidity that each participant can contribute
The MAX liquidity as of the beginning of the program is 7 ETH
No more than 7 ETH will be allowed into the Staking Contract
How it works (A step-by-step guide is at the end of this
document)
To stake and begin earning KIRO liquidity rewards:
● You must first provide liquidity to the KIRO/ETH Pool on Uniswap V2.
● For providing liquidity you will receive UNI-V2 (UNI) tokens, which
represent the tokens you have contributed to the pool. Merely providing
liquidity will NOT earn you KIRO rewards, you must complete the next
step to earn ANT rewards.
● Visit staking.kirobo.me, with the UNI tokens from the previous step in
your address, and enter the amount of UNI tokens you want to stake
and earn KIRO rewards.
The specific distribution rules will be as follows:
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● KIRO will be distributed based on each address' percentage of the total
UNI staked in the rewards contract.
● The amount of KIRO rewards paid out are proportional to the balance of
each address and time staked.
● Payouts will be collected manually from kirobo.staking.me
● Although deposits are open now, the rewards clock starts ticking on
_____.
Participate in the rewards program by visiting the KIRO liquidity rewards
dashboard: https://kirobo.staking.me
Remember there is a Staking Limit per user, Liquidity of more than 7 ETH
cannot be entered into the Staking Contract
About KIRO
KIRO is the utility token of Kirobo. KIRO is used for payment and fees
aggregation on Kirobo products, such as Safe Transfer (Tech Allowing Crypto
Users to Retrieve Funds Sent in Error). Learn more about Kirobo.
Step-By-Step Guide (5 to 7 minutes)
1. Download Metamask
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You must download a metamask at the above address
https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnk
odbefgpgknn
You need to create a SEED and save it
2. Connect with Metamask to uniswap.org and locate the KIRO ~ ETH
POOL
Note: You can connect to metamask using a hardware wallet such as
Ledger or Trezor
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Now select an account (The address where your ETH is located) or log in with
a hardware wallet
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Make sure you are connected
If you are using a ledger device please make sure that Contract Data is in
Allowe mode (Log in to the ETH application on your ledger, then click on
"Settings" and change the Contract Data from Not Allowed to Allowed)
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Click On Add TOKEN
Search for Kiro Token
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If you do not find KIRO Token go to "Custom Token"
Add contract address
https://etherscan.io/token/0xb1191f691a355b43542bea9b8847bc73e7abb137
0xb1191f691a355b43542bea9b8847bc73e7abb137
Click "Next"
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Click "Add Token"
Now go to kiro-eth POOL and purchase KIRO
Link to kiro ETH pool
https://uniswap.info/pair/0x5cd136e8197be513b06d39730dc674b1e0f6b7da
Click Swap
Click Select a token
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Search kiro If you do not find KIRO Token
Paste the contract address and Click “Add”
0xb1191f691a355b43542bea9b8847bc73e7abb137
Click ON “kiro”
Swap ETH to the amount of Kiro you want to purchase
Remember the MAX ETH allowed for Staking is 7 ETH
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Now that you have purchased KIRO you can add liquidity to POOL
Click ON “POOL” and “Add Liquidity”
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Click Select a token
Search kiro If you do not find KIRO Token
Paste the contract address and Click “Add”
0xb1191f691a355b43542bea9b8847bc73e7abb137
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If you are prompted to enter a list enter the above list and look for kiro
List ( ipfs://Qmf3327zGhwwRwG6D6AR9c5A7FR1rBtM5XrM1xR5HfhagX )
Click “Add Liquidity”
Enter the ETH and the amount of KIRO (automatically calculated, according to
Poll price)
Click “Approve kiro”
If you are connected to metamask using a hardware wallet such as
ledger or trezor you must confirm the transaction also by signing the
transaction on the device itself
Wait for the transaction to complete
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Click “Supply” And confirm the transaction in the same way
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Congratulations, you now have partial ownership of the POOL and you share
in the profits of the POOL
We will now begin the Staking process
Go to https://staking.kirobo.me/
Click Connect Account
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Select the ETH address that controls the Pool
Click KIRO-ETH (if there is another POOL, select the POOL in which you
have a share of ownership)
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In the Staking tab you will find your POOL Balance
Press MAX
Remember, the MAK allowed for staking is a partial ownership in a POOL
worth 7 ETH (you can own more, but you can enter a maximum value of 7
ETH per staking)
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If you are connected to metamask using a hardware wallet such as
Ledger or Trezor you must confirm the transaction also by signing the
transaction on the device itself
Wait patiently
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Confirm again
If you are connected to metamask using a hardware wallet such as
Ledger or Trezor you must confirm the transaction also by signing the
transaction on the device itself
Congratulations, you are now officially STAKING
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You can at any stage to Claim your earned KIRO rewards
You can at any stage to Withdraw the POOL Staking and stop receiving a
reward