Official $CREDI Stake and Burn Announcement. We've mentioned a couple of days ago that a Double $CREDI Burn Campaign is coming.
24 Aug 2023, 16:37
Official $CREDI Stake and Burn Announcement
We've mentioned a couple of days ago that a Double $CREDI Burn Campaign is coming. ๐ฅ
Well, this is stage 1๏ธโฃ!
As an appreciation to your constant support, the team decided to return the favor back. โค๏ธ
Here how it's going to happen:
In light of the upcoming opening of ModuleX, we are going to burn a total of 20 million $CREDI in order to mint 2 million $xCREDI. ๐
These are going to be utilized as staking rewards for everyone who participates in our LP stake program, coming next week.
Once again, remember that $xCREDI can only be obtained by staking your $CREDI in our ModuleX where it is burned and xCREDI is minted at a 10:1 ratio. ๐๐ป
Hence this is a one time opportunity to obtain xCREDI without having to burn your own $CREDI! ๐ค
Disclaimer: The idea was proposed by a loyal community member ะพf ours. ๐ซถ
This is also a reminder that we are open to any suggestions the community might have moving forward. ๐ค
#Credefi #CREDI #xCREDI #DeFi #TradFi #CeDeFi #RWA #Borrowing #Lending #P2P #SME #FirstMovers #Web3 #CREDIARMY
Same news in other sources
1
24 Aug 2023, 16:37
Official $CREDI Stake and Burn Announcement
We've mentioned a couple of days ago that a Double $CREDI Burn Campaign is coming. ๐ฅ
Well, this is stage 1๏ธโฃ!
As an appreciation to your constant support, the team decided to return the favor back. โค๏ธ
Here how it's going to happen:
In light of the upcoming opening of ModuleX, we are going to burn a total of 20 million $CREDI in order to mint 2 million $xCREDI. ๐
These are going to be utilized as staking rewards for everyone who participates in our LP stake program, coming next week.
Once again, remember that $xCREDI can only be obtained by staking your $CREDI in our ModuleX where it is burned and xCREDI is minted at a 10:1 ratio. ๐๐ป
Hence this is a one time opportunity to obtain xCREDI without having to burn your own $CREDI! ๐ค
Sharing is caring ๐
Disclaimer: The idea was proposed by a loyal community member ะพf ours. ๐ซถ
This is also a reminder that we are open to any suggestions the community might have moving forward. ๐ค
#Credefi #CREDI #xCREDI #DeFi #TradFi #CeDeFi #RWA #Borrowing #Lending #P2P #SME #FirstMovers #Web3 #CREDIARMY
Official $CREDI Stake and Burn Announcement. We've mentioned a couple of days ago that a Double $CREDI Burn Campaign is coming.
Official $CREDI Stake and Burn Announcement
We've mentioned a couple of days ago that a Double $CREDI Burn Campaign is coming. ๐ฅ
Well, this is stage 1๏ธโฃ!
As an appreciation to your constant support, the team decided to return the favor back. โค๏ธ
Here how it's going to happen:
In light of the upcoming opening of ModuleX, we are going to burn a total of 20 million $CREDI in order to mint 2 million $xCREDI. ๐
These are going to be utilized as staking rewards for everyone who participates in our LP stake program, coming next week.
Once again, remember that $xCREDI can only be obtained by staking your $CREDI in our ModuleX where it is burned and xCREDI is minted at a 10:1 ratio. ๐๐ป
Hence this is a one time opportunity to obtain xCREDI without having to burn your own $CREDI! ๐ค
Sharing is caring ๐
https://twitter.com/credefi_finance/status/1694750775694487988?s=20
Disclaimer: The idea was proposed by a loyal community member ะพf ours. ๐ซถ
This is also a reminder that we are open to any suggestions the community might have moving forward. ๐ค
#Credefi #CREDI #xCREDI #DeFi #TradFi #CeDeFi #RWA #Borrowing #Lending #P2P #SME #FirstMovers #Web3 #CREDIARMY