BSC Station Startpool Launching - Kingsman Ventures

BSC Station Startpool Launching

BSC Station

We are now excited to announce that BSC Startpool goes live on May 19th at 5:00 PM UTC.

BSC Startpool helps quality NFT and non-NFT projects distribute their tokens to a wider audience while allowing crypto users and investors to generate attractive returns in a form of new tokens. Users can stake BSCS to farm both NFT and non-NFT assets, and by holding BSCS Genesis NFTs, it can help to boost the mining and IDO efficiency according to the rarity.

The first Startpool is BSCS Pool. The rewards distribution mechanism will follow a fixed per block strategy assigned proportionately to the stakers of the pool in each given block.

Total reward in the BSCS Pool: 600,000 BSCS

Staking period: 60 days

Total blocks: 1,485,000 blocks

Estimated Return: 250% APY

BSCS pool launches for staking on May 19th at 5:00 PM UTC and start to pay reward on May 20th at 5:00 PM UTC. The first BSCS pool launches for staking on May 19th at 5:00 PM UTC and remains open for 400,000 BSC blocks (about 14 days). No more staking will be possible after 5 PM UTC June 1st. User can only start to Unstake from May 27th at 5PM UTC.

*Staking for IDO allocation:

Users are required to stake their BSCS to get guaranteed allocation for the first IDO, if you hold Genesis NFT, please make sure it is in the same address as you stake.

Note: Kindly note the staking eligibility for the 1st IDO will end at 4PM UTC May 21. The average staking balance snapshot for guaranteed IDO allocation will be conducted randomly 3 times on May 22.

More details about BSC Station IDO Tiers: https://bit.ly/3y6wTjM

You can now stake BSCS tokens in https://farm.bscstation.finance

Staking Terms

The BSCS staking pool will be launched with a Ladder mechanism, starting at for the first 5 days, and then stable daily basis until day 60 since the pool’s launch (roughly 60 days).

The rewards distribution mechanism will follow a fixed per block strategy in each day assigned proportionately to the stakers of the pool in each given block.

A total of 600,000 BSCS tokens will be distributed to BSCS tokens stakers in this pool throughout the 60 days of “Ladder” period.

Rewards will be heavily weighted towards the early phase of the pool, and will slowly decrease throughout the 5 days period by until the Ladder reaches 0.3 BSCS reward per blocks.

This means the earlier and the longer you stake, the more token rewards you will earn.

Claiming of rewards will available 5 days after joining Stake Pool for withdrawn.

NFT Utility — Additional Staking Multipliers in the Startpool

Boost percentage

Trophy — 60%

Mars — 40%

Moon — 25%

Rocket — 15%

Skybar — 10%

Rooftop — 5%

This is an innovative solution that gives advantages to both users and quality crypto projects, and in this yield farming product, addresses who hold BSCS Genesis NFT can enjoy Farming Multiplier, meaning their yield mining efficiency could be higher. This type of utility is not only consequential for the ecosystems that will take root on the BSC Station platform, but also as a sign of what’s possible when fusing the worlds of NFTs and DeFi. Please make sure your NFT is holding in the same address which you use to stake.

BSC Station multiplier explained

When you want to stake your token or LP tokens in the farm to earn BSCS, you’ll see different multipliers for each farm.

You might be asking yourself what is multiplier?

The multiplier is about the amount of BSCS token allocated to each farm. The APR is, on the other hand, affected by both the multiplier and the amount of BEP token or LP tokens staked in the farm.

For example, if 400,000 BSCS tokens are allocated to farms, then the BSCS farm would be getting most of the tokens as the multiplier is 15x.

But, when a lot of users stake their LP tokens in a particular farm, the APR might be still low though the multiplier is high, which is the case with the BSCS-BNB farm.

About BSC Station

BSC Station (BSCS) aims to build a Full-Stack DeFi with NFT Auction on the Binance Smart Chain. BSC Station provides exclusive services including: BSC Swap, IDO Launchpad, Farming / staking, Liquidity mining, NFT Auction and Marketplace.

BSCS operates on top of the Binance Smart Chain and is designed to offer maximum value to consumers and institutions. Binance Smart Chain has solved the problem of infrastructure in the context of BSCS’s product, and that BSCS represents the ideal use case to leverage the technologies offered by its platform.

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