Dear Hoo users,


We are pleased to announce that Hoo has entered into a partnership with PancakeSwap, the top ranked AMM and mining platform on the Binance Smart Chain, and holders of CAKE tokens and liquidity providers of HOO-BUSD will have the opportunity to receive mining rewards with the following details of the campaign.



Pool 1: Stake CAKE to Mine HOO

Time: 6 April 2021 at 15:00 (UTC+8)

Distribution duration: 60 days

Total reward: 845,000 HOO

The Syrup Pool: Stake CAKE tokens to earn HOO tokens, users can stake CAKE to continuously get HOO as mining rewards.


Pool 2: Stake HOO-BUSD LP to Mine CAKE

Time : 6 April 2021 at 15:00 (UTC+8)

Period: 90 days

Total Reward: around 3600 CAKE per day, and 324,000 CAKE in total for 90 days, subject to the actual number released.

Rules: PancakeSwap will open an exclusive mining pool for HOO-BUSD on the Farm area, and users can get LP by providing liquidity to HOO-BUSD to participate in liquidity mining on this pool. (PancakeSwap will need to provide a HOO-BUSD farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that)

Provide HOO-BUSD liquidity for Pancake and stake HOO-BUSD LP to mine about 3600 CAKE/DAY. (Subject to the actual arrivals)

 

Introduction to PancakeSwap

PancakeSwap is an automated market maker (AMM) on Binance Smart Chain, allowing users to seamlessly exchange tokens and earn CAKE passively.

Website: https://pancakeswap.finance/

 

Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.


Hoo Community

Weibo：https://weibo.com/hoowallet

Twitter：https://twitter.com/Hoo_exchange

Telegram (ZH)：https://t.me/hooChinesegroup

Telegram (EN)：https://t.me/chaince_foreign_group

 

Hoo Team

April 6, 2021