We are proud to announce a collaboration with OliveCash for investors to stake LP tokens and farm Antariksh (ANTX) tokens
Why this Partnership?
A decentralised exchange (DEX) is one that allows for direct cryptocurrency transactions to take place online securely and without the need for an intermediary. Unlike centralized exchanges (CEX), DEXs are based on smart contracts that make most of the processes follow automatically.Olive Cash is one such exchange that provides Automated Market Maker (AMM) capability, which apart from letting Antariksh investors trade trustlessly, also lets them stake liquidity tokens for ANTX pool.
Through this liquidity and staking event, Antarkish seeks to achieve a deeper, more stable liquidity pool for its token while making it more attractive for new investors. This will enable Antariksh to expand its community and take it to greater heights.
Why Provide Liquidity?
Once the event begins, Antariksh holders will be able to pair their ANTX tokens with BNB (ANTX-BNB pool) in equal ratio, (For example, $50 worth of ANTX with $50 worth of BNB), then collect their Liquidity Provider (LP) tokens for the same through PancakeSwap or OliveSwap. Not only will this strengthen the Liquidity for ANTX, it will also give each participant greater returns and rewards!!
What returns, you ask?
The liquidity you provide, gets you a fraction of every transaction happening in that liquidity pool. At the time of withdrawing the liquidity, you will receive a fraction of every transaction that took place in that liquidity pool as well.
Moreover, the LP token that each pool-provider received from making the Liquidity pair can be staked on the OliveSwap farm to earn their native ‘Olive tokens’ in return.
And it doesn't stop there! These Olive tokens that you are rewarded can be further staked in the ANTX pool on OliveSwap, essentially giving you more ANTX in return than you originally put in the pool! This gives you an opportunity to earn both ANTX and Olives tokens in this liquidity event!!
The more liquidity you provide, the more you get back in rewards through OliveSwap’s high APR and low risk ecosystem
How to Provide Liquidity?
You can provide liquidity on olive swap for ANTX-BNB pair
To provide Liquidity
Visit this webpage: https://olive.cash/liquidity (You can also provide liqduity on PancakeSwap)
Click on Add Liquidity
Provide ANTX & BNB in the inputs for token pair and then click on add liquidity
You get an LP token in your wallet.
You can stake your olives on https://olive.cash/pools and earn ANTX in reward by staking it into the olive garden Antariksh Pool.
To enable Olive pool staking
Visit this webpage: https://olive.cash/pools
Find the ANTX pool. Enable the pool & click “Approve OLIVE”
Click on the Stake button and Confirm transaction!
Here are the details for The Olive Garden Antariksh Pool:
Stake OLIVE tokens, to earn ANTX tokens!
Total Tokens: 40,506,354,552 ANTX
Distribution duration: 1,000,000 blocks, approx. 34 days
Start: October 11th ~ 2:00 PM UTC / 7:30 PM IST
Token rewards per block: 40,500 ANTX
Token address: 0x2f2265206EbB359bdd2b936Ba44cfE9307D6807a
Disclaimer: Investing and trading in cryptocurrency is subject to market risk. Individuals are requested to undertake their own research before investing in any activity related to the cryptocurrency market. No individual/organisation/institute etc. guarantees a profit on your investment. Please note, any transaction involving ANTARIKSH (ANTX) tokens will attract a 10% tax as explained on Antariksh’s official website.
Providing liquidity involves a possibility of impermanent loss. To learn more head on to: https://academy.binance.com/en/articles/impermanent-loss-explained