During the New Year’s Day on January 1st, the latest version of CroPoolv2.0, which was supported by the CyberVein Foundation, was officially launched. It attracted the attention of media and well-known KOLs in the industry and sparked heated discussions in the staking field. Users can go to CroPool.net to staking. Warehouse experience.
CroPool v2.0 adds a new "Lockup" function section, including "Lockup CVT", "Redeem CVT", "Lockup Ranking" and "Lockup Invitation", etc. It is available on mobile phones and PC web pages. , the language includes English and Chinese, and also supports Binance wallet and TokenPocket wallet to adapt to CroPool DApp, providing users with more diversified choices to pledge and lock CVT.
The application value of CroPool depends on the user's preferences as well as the open circulation market and the free environment of staking and locking. It is a true "decentralized business civilization". Whether in terms of funding, technology or community activity, CroPool has natural advantages. As the mainstream decentralization of Staking+Defi becomes popular, the CroPool team officially opens the CVT lock-up guardianship plan to provide global users with more diversified choices and returns. The goal is to make BSC-CVT fully circulated and empower Can provide more support for the CyberVein ecosystem.
CroPoolv2.0 lock profit mechanism
Users can staking BSC-CVT tokens through CroPool to earn 20% of the CroPool staking protocol’s revenue fees. It should be noted that the locked CVT cannot be withdrawn for less than 120 days. When the locked days are reached, users can withdraw the locked tokens and lock rewards at any time.
On the CroPool platform, the long-term locking time is half a year, a total of 4 months, and each month is calculated as 30 days, so the long-term locking time is 120*4=120 days. After locking for 120 days, users can choose to redeem the amount and profit of the locked position. The redemption time will vary depending on the lock-up time. The earliest redemption time is April 30, 2024.
Users who directly participate in staking through the CroPool platform
- Obtain 20% of the token lock-up income;
-No threshold lock-up, 5% invitation reward;
-Promote to become a guardian and obtain the "Glory Title";
-The top 50 guardians will be rewarded with the total amount locked during the event;
In order to allow users to understand the CroPool Staking platform more intuitively and comprehensively, a full version of the staking tutorial is now launched, which is applicable to CroPool v2.0 version. As of today, the CyberVein lock-up protection plan is still in progress...
Before starting to lock up, you need to pay attention to the following things
1. Make sure that blockchain wallets, such as TokenPocket, imToken, Bitkeep, MetaMask and other wallets, are connected to CroPool;
2.CroPool is launched on the Binance mainnet, so users need to switch the wallet network to the BSC chain;
3. There is sufficient BNB (about 0.001BNB) in the wallet linked to CroPool;
4.CroPool is currently in version 2.0 and will undergo global public testing on the mobile wallet web side and PC web side;
5. There is no limit on the number and times of lock-up.
Wallet deployment needs to be completed before locking CVT
CroPool is launched on the Binance mainnet, so users need to switch the wallet network to the BSC chain. We use TokenPocket as an example for teaching.
CroPool mobile terminal locking graphic tutorial
Step One : Wallet
First open the blockchain wallet, click on the upper left corner of the wallet homepage, and switch to Binance Smart Chain. As shown below.
TokenPocket, imtoken, bitkeep, Metamask and other wallets can enter the CroPool platform to participate in staking BSC-CVT;
Step 2: Switch BSC chain
Look for the Binance LOGO, switch to the BSC Binance Smart Chain, and put a certain amount of BNB in the wallet balance as GAS fee. You also need to hold BSC-CVT to perform staking operations. As shown below.
Step 3: Enter the CroPool platform
Click the "Discover" interface in the wallet, enter the CroPool official platform link, and then click "I Got It" below to enter the DAPP interface.
As shown below.
Step 4: Enter the locking center
On the CroPool platform homepage, please click the "Lock" function to enter the lock center to browse the details page, and then scroll down to the "Lock CVT" interface to perform the lock operation. As shown below.
Step 5: Confirm nickname
Please enter your nickname and click Confirm to pay the GAS fee. You can fill in your nickname as you like, there are no restrictions. As shown below.
Step Six: Authorization
Please click "Authorize CVT" and proceed to the next step to confirm the authorization and pay the GAS fee. If "Authorizing" is displayed, the authorization is successful.
As shown below.
Step Seven: Lockup
Please slide or enter the amount of CVT you want to lock, and then click to confirm the payment of GAS. If "locking" is displayed, the lock is successful.
As shown below.
Warm reminder: The rewarded CVT is not locked, and the locked CVT cannot be withdrawn for less than 120 days. When the locked days are reached, the locked tokens and locked rewards can be withdrawn.
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# One sentence evaluation or expectation for CroPoolv2.0