Algem launched two weeks ago, and we are already at $7.3M TVL!
To keep the momentum, we are launching #AnAlgemAugust campaign!
To maximize your Astar bonus you need to stake on Algem…
Your reward size will depend on Algem’s TVL on September 10th, 2022.
Our MINIMUM goal is to hit 200,000,000 in ASTR tokens locked By September 10th, 2022.
#AnAlgemAugust Campaign Summary
- Official Start date: August 8th, 2022
- End date: September 10th, 2022
- Bonus Potential: Depends on Algem’s TVL on September 10th, 2022
- Minimum Algem TVL: 200M Astar tokens locked on September 10th, 2022
- Minimum amount to stake to be eligible: 2000 $ASTR
Ready To Start Liquid Staking Today To Maximize Your $ASTR Profit?
Support The Project That Will Actually Boost TVL Growth For The Astar Ecosystem
Do you believe in Astar?
Do you believe in Sota’s Web3 Vision?
Do you believe we will surpass this bear market more potent than ever?
If you answered YES! to any of these questions, then…
You’re ready you to participate in #AnAlgemAugust campaign!
By participating in this campaign, you will…
- Maximize your ASTR token profit
- Stimulate Astar Network’s economy
- Explore new DeFi opportunities on Astar Network
Algem is collaborating with the other Astar Network protocols and is creating synergies and numerous use cases for our liquid nASTR tokens.
Our partnerships allow all the projects and Astar Network to benefit economically from our liquid staking solution.
Your support is a HUGE benefit to Algem, Astar Network, and Astar dApps.
How?
By switching from Astar dApp staking to Liquid Staking on Algem, you are helping to grow Astar’s TVL and other
The Mechanics of the Campaign
We have tied the bonus you will receive with Algem’s TVL calculated on September 10th, 2022. So depending on the final TVL size, you will get a different bonus allocation.
Snapshot will be taken at a random time on September 10, 2022.
For example: if the TVL of Algem is 600M ASTR on September 10th, 2022, the total bonus amount is:
1.8M ASTR = (600M*0.003).
Every address will get 0.003 ASTR * AmountStake at the snapshot timing.
To make it more precise, the more you stake and encourage others to stake, the more BONUS you will get!
We have prepared a table with scenarios of possible rewards depending on our TVL:
Bonus Distribution
The bonus token will be distributed after the campaign (roughly from 15th September) with 30 days of linear vesting.
Conclusion
An Algem August incentive program aims to boost Algem’s liquid staking APR by offering extra rewards on top of the standard staking reward.
Attention!
To prevent cheating with the snapshot we’ll make additional snapshots during the campaign and shortly after its ending. If you try to stake ASTR only on the day of the snapshot and unstake ASTR right after September 10th, you will NOT receive ASTR rewards!
Want To Maximize Your Astar Token Profit And Receive A Huge Gift?
Then DON’T WAIT! Start Liquid Staking Today on Algem!
How we had been making Algemantis Nautilus Pass NFT
Everything You Need To Know About Liquid Staking On Astar Network
Partnership with Sirius Finance
Introduction in Algem