Binance is thrilled to introduce Notcoin (NOT) on Binance Launchpool, offering you the opportunity to farm NOT tokens by staking BNB and FDUSD. Follow this comprehensive guide to start your farming journey and seize the rewards awaiting you.
Step 1: Download the Binance App
Before you embark on your farming adventure, ensure you have the Binance app installed on your device. The Binance app provides a secure, fast, and elegant platform for your crypto trading needs.
Step 2: Prepare for Launch
Keep an eye out for the launch of Notcoin (NOT) on Binance Launchpool, scheduled to begin on 2024-05-13 00:00 (UTC). Familiarize yourself with the details provided in the announcement, including the token name, max token supply, and launchpool token rewards.
Step 3: Stake Your Assets
Once the farming period commences, stake your BNB and FDUSD into the designated pools to start earning NOT tokens. Remember to adhere to the staking terms, including the requirement for KYC verification.
- Stake BNB: Stake your BNB into the BNB pool to earn a share of the rewards allocated for BNB stakers.
- Stake FDUSD: Alternatively, stake FDUSD into the FDUSD pool to participate in the farming process.
Step 4: Monitor Your Rewards
Stay informed about your farming progress by monitoring your rewards, which are calculated hourly. Snapshots of user balances and total pool balances are taken multiple times each hour to ensure accurate reward distribution.
Step 5: Claim Your Rewards
Accumulate your rewards throughout the farming period and claim them directly to your spot account at any time. Take advantage of the flexibility offered, allowing you to unstake your funds without delay and explore other available pools.
While farming NOT tokens presents an exciting opportunity, remember that digital asset prices are subject to high market risk and volatility. Exercise caution and conduct thorough research before making any investment decisions.
With these steps, you’re ready to embark on your journey to farm Notcoin (NOT) on Binance Launchpool. Seize the opportunity to tap into the potential of decentralized finance and unlock rewarding opportunities. Happy farming!