Launchpool Announces Binance Smart Chain Offerings
Launchpool turns up the heat with integration of Binance Smart Chain. $LPOOL, $RAI, and $SOME staking will go live soon!
“Happy Tuesday! Having even one, small positive thought can change the rest of your day for the better.” - Unknown
With a new week comes new goals for the amazing Launchpool community. With our first three Allocation Mining Events behind us, we are happy with the results, but understand we have a lot of room to improve. Thus, in this Medium post today, we are excited to bring several announcements, all of which have come as a direct response to the feedback and suggestions from the highly engaged Pooler community.
Our goal is always to prioritize the wishes and desires of our $LPOOL token holders. The work that our developers have done to finalize this integration in record time is admirable. We hope these upcoming changes and improvements will make your experience with Launchpool leaner and more enjoyable.
So now, without further ado, are their announcements!
Binance Smart Chain Integration
Launchpool is excited to announce that we will finalise the Binance Smart Chain integration this week. We have been looking at providing our users with a solution to bridge tokens to popular EVM chains. To facilitate our own token move to BSC we used the services of Multichain.xyz, an user-friendly solution that we’ll be exploring further in the near future. See the “How to” below to move your tokens across.
But wait, there’s more…
Launchpool ($LPOOL) BEP-20 Token Information
Our token is now on Binance Smart Chain. You can see it on the explorer here.
Contract address: 0xcfb24d3c3767364391340a2e6d99c64f1cbd7a3d
Don’t fall for fakes. It’s here!
$LPOOL Staking Pools Going Live Today!
Starting later today, we will incentivize a single-asset staking pool for $LPOOL on BSC. It will function exactly like the single-asset staking pool on Ethereum, where you are able to stake $LPOOL to get more $LPOOL.
Additionally, we’ll be bringing to the community a well-incentivized LPOOL/BNB Launchpool pool, also exactly like we have for LPOOL/ETH UNI-V2 tokens on Ethereum. These pools will run for the next 45 days. Please note that this length of time is longer than we previously had announced for our initial farming period. We are happy to note that ending the Ethereum farm for non-Launchpool projects has allowed us to extend the time that Poolers can earn via their $LPOOL by a considerable period.
These pools will go live in a few minutes. We’ll let you know via Twitter, but this is the reminder to be ready! See the ‘How To’ at the bottom of this article for instructions on how to navigate this.
$RAI Wednesday
We know you’ve all been waiting for this announcement from Rai, regarding the new $RAI BEP20. Starting Wednesday, you can stake your $RAI BEP20 to earn $LPOOL BEP20. Simply wait for the BSC app update and you’ll be able to stake $RAI on BSC in the same way you could single asset stake tokens in our pools on Ethereum to earn $LPOOL.
Mixsome $MHT Distribution
Cut off for the $MHT airdrop took place on Tuesday at 12AM UTC. You would have had to claim your Ethereum holding token by that time in order to be eligible for the airdrop on Binance Smart Chain. Distribution of the Mixsome utility token $SOME will take place before Thursday April 29th for those that missed the first cutoff.
How To Use BSC
If you’re not already using BSC, a new wonderful world awaits you! Firstly, amend your Metamask wallet to be able to engage with BSC by following this article:
The equivalent BSC tokens to ERC20 on Ethereum are BEP20, and all tokens on BSC must be BEP20. You can’t move your ERC20 tokens around on BSC. To move them across, you must swap the ERC20 tokens to BEP20 tokens via a bridge. Launchpool has created a bridge with our good friends at Multichain.
Moving $LPOOL to BSC via Multichain
Once you have readied your Metamask for BSC, you can go to Multichain.xyz and move your tokens across. The swap page should look like the one below. When the tokens are moved, the bridge holds the $LPOOL ERC20 token and mints new $LPOOL BEP20, when you go the other way the opposite occurs. So you can be sure there is no token inflation.
After the $LPOOL has been deposited and minted (2 transactions — please keep in mind that this may take awhile, the time can vary, so keep calm and wait), you should be able to see it by selecting the BSC network in Metamask. Once done, you can navigate over to Pancakeswap and deposit your $BNB BEP20 and $LPOOL BEP20 in the liquidity pool.
Once deposited you will have a cake LP token to represent your share of the liquidity pool.
The LPOOL/BNB Cake LP token address is:
0x40c84170d9db4e7f57638ad989cc215f74ae661d
Just deposit that token into our Pancakeswap Pool to start earning BEP20 $LPOOL.
Thank you for being part of Launchpool’s journey.
About Launchpool
Launchpool ($LPOOL) leverages communities, knowledge, expertise, contacts and capital to provide crypto projects with the best possible start to life, maximising their chances for success in this fast moving & dynamic space.
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