Game Squads — Who and how can benefit from this event
Briefly about the event
STON.fi is currently in its 5th season of GemSquads, it will last until September 30th 12:00 UTC, and farming will begin on October 1st 12:00 UTC. Its essence is to vote for a trading pair so that it has a better chance of receiving additional rewards in farming.
How to participate?
On the event page, you need to select a liquidity pool, copy the address for collecting votes and send any amount of $GEMSTON you want to it. The more tokens users send, the greater the reward for farming awaits the selected farm.
The price of one coin for voting is about 20 cents. That is, to take first place now, you need to throw in 1505 tokens, which is equivalent to ~$300.
In addition to buying, the coin is mined through STON staking
So who benefits from spending their resources on voting?
There are 3 categories. The first, the funders who use it to promote their fonets. The second, large holders of coins. And the third category is the holders of the $GEMSTON coin itself, because during the voting process the tokens sent burn up, and deflation positively affects the growth of the token price.
What about the rewards?
The top 10 trading pairs will split half of the pool between them — 5,000 STON (~$20,000) in proportion to the GEMSTON gained. The remaining 5,000 STON will also be divided between the top 10 leaders in this way:
1st place — 1,750 STON
2nd place — 1 000 STON
3rd place — 500 STON
4th place — 400 STON
5th place — 350 STON
6th place — 300 STON
7th place — 250 STON
8th place — 200 STON
9th place — 150 STON
10th place — 100 STON
All these coins will be distributed among the participants of the farming, which will last 2 weeks.
This is the end of my review of the event, and if you still have questions you can refer to the articles in my profile or the official guide (link below). Good luck!
Important links:
Additional liquidity providing guide — HERE
Guide to withdrawing funds from the pool — HERE.