The crypto markets have always been volatile, so BSCStation would like to try our best to protect our users’ rights. For that reason, we are thrilled to announce that BSCStation Launchpad will add refundable rules in the IDOs. This is a risk-free way for active IDO investors to join the token sale, and it allows users to observe the token performance on the market while being able to get their funds back within the first 24 hours from the token’s public listing.
1. Refundable IDO rules
- This could be the best way to join an IDO, considering the current market conditions as it provides benefits to both projects and investors. On one hand, the investors are able to make decisions based on the token performance after listing. On the other hand, the projects can receive tremendous amounts of support and engagement.
- Also, the refund process will be executed via a smart contract, and those investors who fail to make a decision within the first 24 hours will not be eligible for a refund. We believe the refundable IDO will help our users to choose the best projects for themselves.
- We reserve the right to take a fee (from $1 to $5) when you get a refund depending on the requirements of the project.
- Please note the allocation rules are the same as before, and users have more benefits because they have the option to get the refund after the token is listed. More details about the IDO allocation: https://bscstation.medium.com/bsc-station-launchpad-release-announcement-3bed3160678e
2. First Round (BSCS Round) Eligibility
Update: Only BSCS token is eligible for guaranteed allocation according to their tier level. Below is the tier model for your reference:
Note: Iron Tier no longer available.
3. Staking guide
- Step 1: Go to https://stake.bscstation.finance/#/
Choose the pool and click “Connect Wallet”
- Step 2: Click “Approve Contract”
- Step 3: A Metamask message will pop up on the upper right corner of your screen. Click “Confirm” to allow BSCStation to access your wallet.
- Step 4: Enter the amount of tokens you wish to stake and click “Confirm”
- Step 5: Confirm on the Metamask pop-up message
4. Staking terms
The rewards distribution mechanism will follow a fixed per block strategy in each day assigned proportionately to the stakers of the pool in each given block.The earlier and the longer you stake, the more token rewards you will earn.
5. Unstaking fee
If you Unstake your funds within 72 hours from staking, the system will charge you an unstaking fee.
BSCStation Unstaking Fee is 2%. After 72 hours, you can unstake with no fee. The unstaking fee timer resets back to the start every time you stake more tokens.
About BSC Station
BSC Station (BSCS) aims to build a Full-Stack DeFi with NFT Auction on the Binance Smart Chain. BSC Station provides exclusive services including: BSC Swap, IDO Launchpad, Farming / staking, Liquidity mining, NFT Auction and Marketplace.
BSCS operates on top of the Binance Smart Chain and is designed to offer maximum value to consumers and institutions. Binance Smart Chain has solved the problem of infrastructure in the context of BSCS’s product, and that BSCS represents the ideal use case to leverage the technologies offered by its platform.