#binancenewproject #OIfarming
Binance recently introduced OI Token Farming as part of their Launchpool initiative. This program allows users to farm various tokens by staking BNB and FDUSD. Here are some key details:
1. **Staking Terms and Rewards**:
- **KYC Required**: Users must complete KYC verification to participate.
- **Pools**: Users can stake BNB and FDUSD to farm tokens.
- **Reward Distribution**: Tokens are distributed based on the proportion of BNB or FDUSD staked by users relative to the total pool.
2. **Specific Token Examples**:
- **Manta (MANTA)**:
- Farming Period: January 16-17, 2024.
- Total Rewards: 24,000,000 MANTA for BNB pool, 6,000,000 MANTA for FDUSD pool.
- **Portal (PORTAL)**:
- Farming Period: February 22-28, 2024.
- Total Rewards: 40,000,000 PORTAL for BNB pool, 10,000,000 PORTAL for FDUSD pool.
- **AltLayer (ALT)**:
- Farming Period: January 19-24, 2024.
- Total Rewards: 400,000,000 ALT for BNB pool, 100,000,000 ALT for FDUSD pool.
- **ether.fi (ETHFI)**:
- Farming Period: March 14-17, 2024.
- Total Rewards: 16,000,000 ETHFI for BNB pool, 4,000,000 ETHFI for FDUSD pool.
3. **General Rules**:
- **Snapshots and Rewards Calculation**: User balances are recorded multiple times per hour, and rewards are updated hourly.
- **Unstaking Flexibility**: Users can unstake their funds at any time and participate in other pools immediately.
- **BNB Vault Support**: Users with BNB in Binance BNB Vault or Locked Products automatically participate in the Launchpool and receive rewards.
4. **Exclusions**:
- Certain countries are excluded from participating due to regulatory restrictions, including the U.S., Canada, Japan, and others.
These initiatives provide a flexible and rewarding way for users to earn new tokens by leveraging their existing BNB and FDUSD holdings on Binance. For more detailed information, users should refer to the official Binance announcements and research reports associated with each token launch.
