🧲 UPDATED🧲 $ERX TOKEN SALES & LIQUIDITY MINING PROGRAM (a.k.a SPRINT)

OFFICIAL ERX TOKEN SALES ON CHAININVEST (CHAINX.KR)

Date and Time

• ERX Token Sales will happen on chainx.kr platform. You may refer to this link — https://chainx.kr/chainvest-detail/2476
• The duration for this token sales will run for 3 days beginning from 9th December 2020 (10PM KST) until 11th December 2020 (10PM KST).
• ERX will be priced at 0.0025 ETH/token. Distribution of ERX will happen upon TGE.
• Total hardcap is 500 ETH and each individual is only allowed to participate with 1 ETH.
• LISTING PRICE ON UNISWAP WILL BE 0.003125 ETH.
• A certain percentage of ETH raised and ERX from treasury reserve will be permanently locked for a year on Uniswap for liquidity provision purposes. We will be announcing the amount of total liquidity locked after the token sale completes as it is very much dependent on the total amount of ETH raised.
• Rebase will happen every day at 12PM SGT.
• There will be NO NEGATIVE REBASE.

ERX LIQUIDITY MINING PROGRAM — SPRINT-v1

Introducing ERX’s Liquidity Mining Program — SPRINT, a ERX liquidity mining rewards initiative to encourage deeper liquidity for ERX as well as to create a wider spread and ownership of ERX.

SPRINT-v1 will run for 3 EPOCH before we introduce the next SPRINT. Every SPRINT will run for 3 EPOCH as we will be readjusting the liquidity mining rewards allocation and pairings for the liquidity pools.

P/S: 1 EPOCH = 30 DAYS

The table below shows the ERX liquidity mining rewards distribution for SPRINT-v1.

• ERX SPRINT Liquidity Mining Program will begin with a ERX/ETH pool on Uniswap. SPRINT participants will need to contribute 50% ERX and 50% ETH in the SPRINT-v1 liquidity pool on Uniswap in order to participate.
• We have allocated 1,000,000 ERX for liquidity mining rewards in the first 3 EPOCH.
• ERX liquidity mining rewards are dynamic and there is no fixed APY as it is very much dependent on the variables of ERX/ETH provided in every EPOCH. ERX liquidity mining rewards per EPOCH are distributed accordingly to the weightage of liquidity provided by the SPRINT-v1 participants.
• ERX liquidity mining rewards have no vesting period and SPRINT participants may withdraw their rewards at any point of time.
• We will reveal the SPRINT-v1 contract address, starting date and time prior to the launch of SPRINT-v1. So please stay tuned for further announcement!

🧲 MORE ABOUT ERX 🧲

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