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FairySwap's GitBook
  • 🧚Getting Started
    • About Fairyswap
    • FairySwap Onepager
    • Fairy Tokenonomics
      • FAIRY Mining Schedule
    • Contract Address(es)
    • Ambassador Program
    • Certick Audit
    • Frequently Asked Questions
    • Coming Next: World's First DEX to Offer Privacy Protection
  • 🔥2022 FIFA Prediction ⚽️
    • FairySwap Prediction Market
    • 🏆Celebrating the FIFA season
      • ⚽Rules
  • 📚User Tutorials
    • Quickstart Guide
      • How to stake FRA to Claim FAIRY (for PC users)
      • How to stake FRA to Claim FAIRY (for Android & iPhone user)
    • Setting up MetaMask
      • How to Get FRA Tokens
    • Bridging Tokens (from Ethereum, BSC, Polygon)
    • Swaps/Trading
      • How to Trade Tokens: Guide
    • Adding/Removing Liquidity
    • Farming/Staking
    • FairySwap Launchpad
      • Fairyswap Launchpad Tutorials
  • 🌐International
    • 中文教程 Chinese Tutorials
      • 操作指南:如何参与质押FRA挖矿FAIRY(PC端)
        • 如何参与质押FRA挖矿FAIRY
      • 操作指南:如何参与质押FRA挖矿FAIRY(手机端)
      • 操作指南:如何添加/移除流动性
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  1. Getting Started
  2. Fairy Tokenonomics

FAIRY Mining Schedule

The vesting schedule is algorithmically specified as follows: the first 24 days since launch features extremely lucrative returns for yield farmers with 1.7M FAIRY tokens released through liquidity mining: 100K FAIRY daily release for the first 10 days and 50K FAIRY Daily Release after the first halving happening on Day 10; starting from Day 24, the number of FAIRY daily release “halves” at a rate of 80% every 40 days. This pattern continues into perpetuity. For reference, during the first four years, roughly 9,697,404 FAIRY will be distributed to liquidity miners cumulatively. The full schedule of distribution of FAIRY in the liquidity mining allocation is shown below.

The liquidity mining program starts on mainnet launch and will cover the following pools on FairySwap:

Fairy pairs
weight
Daily token distrbution

Fairy/FRA

32

32,000

Fairy/ETH

10

10,000

Fairy/BNB

10

10,000

Fairy/BUSD

10

10,000

FRA pairs

FRA/ETH

3

3,000

FRA/BNB

3

3,000

FRA/BUSD

3

3,000

FRA/USDT

3

3,000

FRA/BTCB

3

3,000

Other pairs

ETH/BUSD

5

5,000

BNB/BUSD

5

5,000

Staking

Fairy

8

8,000

FRA

12

12,000

Total

100

Total daily rewards

100,000

TVL

15,600,000

FAIRY mining rewards will be allocated per pool proportional to liquidity as calculated by the total value in the pool, adjusted by reward multipliers. To reward early holders of fairy tokens for their dedication, evangelism and engagement which secure the sustainability of the protocol, FAIRY trading pools are configured with higher initial multipliers.

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Last updated 3 years ago

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