The INSTAR Liquidity Mining Rewards Program is live on Uniswap, rewarding liquidity providers for the INSTAR/WBTC and INSTAR/ETH pairs with 6,000,000 INSTAR tokens up for grabs between February 17 - March 31st.
Dear INSTAR + Greater DeFi Community,
Today, we're happy to announce the first INSTAR Liquidity Mining Rewards Program is live on Uniswap, rewarding liquidity providers for the INSTAR/WBTC and INSTAR/ETH pairs with 6,000,000 INSTAR tokens up for grabs between February 17 - March 31st.
- Program Dates: February 17th to March 31st
- Duration: 42 days
- Liquidity Pools: INSTAR/WBTC and INSTAR/ETH on Uniswap
- Total Rewards: 6,000,000 INSTAR of 300,000,000 maximum supply
Since 2017, Insights Network set out on a mission to return control and ownership of data to the users who make the platform what it is. Last week, we announced Instars Beta is entering the next phase with its feature complete, decentralized social networking platform, with built in ad targeting, survey targeting, polls, verified blockchain wallet accounts, and decentralized login management. Additionally, you can read about our top objectives this year.
With the growing user base on www.instars.com with over 200k+ verified participants from 166 countries the need for greater liquidity is clear. Instar Data Providers earn INSTAR tokens for participation in consensual data exchange. INSTAR Data Requesters can use INSTAR tokens to fuel targeted surveys and ads that reward participants and much more: https://instars.com/instartoken
How it works
The INSTAR Liquidity Mining Rewards Program is live on Uniswap, rewarding liquidity providers for the INSTAR/WBTC and INSTAR/ETH pairs with 6,000,000 INSTAR tokens up for grabs between February 17 - March 31st.
- Step 1: Ensure you have INSTAR and WBTC or ETH tokens ready on your ERC20 wallet. You can buy INSTAR on Bittrex Global, Bibox, and Uniswap.
- Step 2: Add liquidity in the INSTAR/WBTC or INSTAR/ETH pools on Uniswap. (Official addresses below)
- You will receive UNI-V2 tokens in your Ethereum wallet for the liquidity you just provided. These tokens represent the quantity of INSTAR and WBTC or ETH you have contributed to the pool. You can at any moment get back your INSTAR and WBTC or ETH by going to the same page.
- Now, go to https://liquidity.instars.com/ and enter the amount you want to stake. That’s it you are eligible for your share of INSTAR rewards!
INSTAR/WBTC
https://info.uniswap.org/pair/0xfa309661aa46a5ed9fa6556fff07f9a74a4894c6
INSTAR/ETH
https://info.uniswap.org/pair/0x645b2fec49bc950cbcffb37abbfe80fe1e545b5a
Official token contract of INSTAR (ERC-20)
0x8193711b2763Bc7DfD67Da0d6C8c26642eafDAF3
It is very important to only interact with the Uniswap Pool links above and the INSTAR (ERC-20) Contract
Instructions to Send INSTAR tokens from Mainnet to ERC-20
Our most recent blog post provides detailed instructions for sending your INSTAR tokens across blockchains using our MPC Oracles. Make sure to read this carefully if you haven't done so yet.
By incentivizing liquidity providers who hold assets on Ethereum main net with rewards, we aim to increase INSTAR/WBTC and INSTAR/ETH liquidity on Uniswap allowing users to enter and exit larger positions in INSTAR without significant price movement or slippage.
In addition to the 0.3% trading fee commissions earned via Uniswap, INSTAR LPs will also earn their share of the 6,00,000 INSTAR tokens, distributed proportionally based on how much is contributed to the pool.
Disclaimer: Ethereum being what it is, high gas fee makes providing liquidity for low amounts less interesting and riskier.
Be aware that by providing liquidity you become the market maker, meaning that you will always be on the wrong side of the market:
If INSTAR goes up vs ETH you will get more Ethereum.
If INSTAR goes down vs ETH, you will get more INSTAR.
This is known as “Impermanent loss” please visit this page to be aware of risks related to providing liquidity: https://coinmarketcap.com/alexandria/glossary/impermanent-loss
Onwards,
Team Instars
About INSTAR 💫
INSTAR is the native cryptocurrency that powers the INSTAR Blockchain. In today’s crypto world, INSTAR is one of the first and only cryptocurrencies with real world token utility and growing adoption. To date, INSTAR has already been paid out to over 200,000 people across 166 countries for consensual data exchange.
Learn about the growing INSTAR token utility and the best ways to get, use, and store your Instar tokens!
Join Instars Data Pools with dedicated Instars Community members with similar network stakes to increase your earnings and become eligible for exclusive benefits!
Say goodbye to monthly recurring survey software fees. Only Instars delivers blockchain powered surveys with best in class private data, instant payments, and 1.615% APR. Just stake 1,000 INSTAR as fully refundable collateral on instars.com!