Dear Community,
We are pleased to announce our first bounty round. This round will have a total of 250 winners each awarded 500 NEP tokens.
https://neptunemutual.medium.com/announcing-nep-bounty-contest-round-1-9dfbad9d099d
How to Join?
Enter the contest via the following URL:
https://gleam.io/z68kq/neptune-mutual-bounty-1
About The Bounty
This is the first bounty round. The lucky 250 users will be rewarded 500 NEP tokens which are locked for 6 months. In total, a pool of 1000 users will share the total 500,000 NEP token bounty.
Rules to Enter the Contest:
Please complete all required steps. We reserve the right to disqualify fraudulent entries
https://gleam.io/z68kq/neptune-mutual-bounty-1
About Neptune Mutual
Neptune Mutual platform explores new avenues to creating user-centric hedging products on the blockchain. We aim to attract a steady user base and growing liquidity towards the Binance Smart Chain by creating stablecoin-based coverage pools for accurate risk management.
Neptune Mutual platform uses NEP token for both governance and utility purposes.
- Use NEP to stake and create contracts and markets
- Burn NEP to create contracts and markets
- Use NEP to vote in the governance of the platform’s future
- Lock NEP to provide liquidity, secure the protocol, and yield additional rewards
- Hold NEP in your wallet to purchase and claim coverage
- Foreign assets farmed under NEP pool will be used to purchase NEPs which will then be burned.
- Creating a new coverage contract requires you to burn 1000 NEP tokens. Coverage creators will earn a small portion of the coverage fees collected in BUSD or BNB.
- 4000 NEP tokens must be staked when creating a coverage pool. The higher your stake, the more visibility your coverage will get in the market.
- Coverage pools are available in BUSD. We deduct 6.5% of the coverage fee or coverage claim in BUSD or BNB. The acquired BUSD will be used to purchase NEP tokens in the PancakeSwap exchange and then immediately burned in a single transaction.
- Providing liquidity to a coverage pool requires you to stake 250 NEP or higher.
- During dispute resolution (governance), more than 50% NEP of the minority is burned
Stay Tuned for Latest Updates
Official Website
https://neptunemutual.com
Documentation
https://docs.neptunemutual.com
Github
https://github.com/neptune-mutual
https://twitter.com/neptunemutual
https://www.reddit.com/r/NeptuneMutual
Telegram
https://t.me/neptunemutual
Token
Neptune Mutual Token (NEP)
Token Explorer
https://bscscan.com/token/0xcE3805A443eBb27B2A4058eC9d94dC4f9C000633