Dear Hoo users,
Hoo will start the fifth phase of liquidity farming at 00:00 on Jan. 14th to 00:00 on Feb. 13th, 2021 (UTC+8).
HOO is the platform coin of the whole ecological products of Hoo.com platform, totaling 1 billion. HooPool is a liquidity pool based on HooSwap, which can mine Hoo Token by providing liquidity and market making in HooSwap.
Currently, Hoo Token only output in the HooPool pool mining, which is the only way to produce, and the HooPool pool mining distributes 100 million Hoo Token, the current total output is the circulation amount, the other 900 million tokens will not be distributed in the near future.
The total amount of HOO produced in the fifth phase of the liquidity pool (dual-token pool) is 10 million, which will be released in 30 days. And the number of mines excavated per day is 333,333.
In order to better encourage users to participate and more reasonable distribution of token output, the fifth phase of liquidity farming pool weight and output will be updated as follows, a total of 9 dual-token farming pool.
The actual output of each user's farming depends on that user's HOO holdings (balance account+ spot account + OTC account), and different amounts of HOO holdings give different farming rates.
Check it out:
- Other dual-token mining pools will stop liquidity farming, and users will be free to retrieve liquidity token. After stopping farming, it will become an undesignated pool. Undesignated mining pools, 0.25% will be distributed to liquidity providers, 0.05% will be distributed to platform.
- The above mining pool of the fourth phase of dual-token mining will automatically carry out the fifth phase liquidity mining, and users do not need additional operations.
- When all other things being equal, holding amount of HOO tokens can greatly increase the farming rate.
- The position is required to have an available balance and the frozen amount will not be counted as a position.
- Farming HOO-USDT pool has different position requirements than farming other pools, and non-HOO-USDT pools require more HOO positions to reach 100% farming rate.
- The trading pairs already in the third liquidity mining will continue to be mined, and their mining weight update will take effect at 24:00 on Jan. 14th. The individual position mining rate of all trading pairs is to remain unchanged.
In order to assist the high-quality project, Hoo will open a dual-token pool to apply for mining channels, and the project can only be applied through the HooSwap token listing application channel.
Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.
January 12, 2020