The BPROmax Liquidity Mining is an incentive program for those providing liquidity to the Flipmoney protocol. The way to provide liquidity is by minting BPROmax with BPRO tokens allowing the possibility to mint local currency stablecoin tokens.
The program has a gradual distribution of the 10% Flip TGE (Token Generation Event), 21 million tokens.
We said the Liquidity Mining program incentivizes the users to provide liquidity to the system. Well, the program incentive is the Flip token.
The Flip token is Flipmoney’s governance token. A governance token allows stakeholders to vote and veto any protocol modification proposal. Every DeFi project that aspires to be decentralized must follow this path with governance as the main tool.
Read more about the Flip token on Flipmoney's site.
The BPROmax Liquidity Mining Program is inspired by a similar name and features program as the MOC token from Money On Chain.
The BPROmax Liquidity Mining Program will begin 10 days after the TGE (Token Generation Event). This program assigns 10% of the total amount of Flip tokens (21,000,000) with a 3% monthly (every 30 days) distribution of the remaining amount.
This means that, in the first 30 days, the program will distribute proportionally among BPROmax holders 3% of 21,000,000 = 630,000 Flip tokens.
In the second 30 days, it will distribute 3% of the remaining (20,370,000) = 611,100, and so on.
The earlier you hold BPROmax, the more Flip tokens you receive.
Besides this, 1% of the total liquidity in BPROmax annually goes to the Flip token. This ensures a consistent flow of liquidity while adjusting proportionally every week to accommodate market dynamics.
The BPROmax Liquidity Mining Program is just one of the incentives to provide liquidity, there’s more:
In summary, providing liquidity to the protocol gives you several incentives. And by being an early adopter you can enjoy bigger and better benefits.