This article was first published on MithrilOfficial - Medium
In celebration of the Mithril community, we will hold this Halloween event on the same date on October 31, 2019.
For this event, we will burn MITH based on what MITH holders decide to stake, up to 50,000,000 MITH. MITH holders participating in this event can choose to stake their BEP2 MITH for 6 months to receive 10% more MITH, or 12 months to receive 30% more MITH. ERC20 MITH holders can send their MITH into Binance.com to convert them into BEP2 MITH or contact VAULT(email@example.com) for additional help. The deadline to send in your BEP2 MITH is 2019/10/30 2 pm UTC+8.
For the stake:
1) Deposit your BEP2 MITH to HALF_YEAR_ADDR by 2019/10/30 2pm UTC+8, receive your MITH back in 6 months and get 10% more MITH at the end of the 6 month period, 2020/04/30 2pm UTC+8.
2) Deposit your BEP2 MITH to ONE_YEAR_ADDR by 2019/10/30 2pm UTC+8, receive your MITH back in 12 months and get 30% more MITH at the end of the 12 month period, 2020/10/31 2pm UTC+8.
Alice deposits 100k BEP2 MITH to HALF_YEAR_ADDR at 2019/10/25 and she will receive 110k BEP2 MITH at 2020/04/30 2pm UTC+8.
Bob deposits 500k BEP2 MITH to ONE_YEAR_ADDR at 2019/10/28 and he will receive 650k BEP2 MITH at 2020/10/31 2pm UTC+8.
For this burn, we have set a limit of up to 50,000,000 MITH, or 5% of the total MITH float. Any MITH we receive after the first 50,000,000 MITH will be returned to the originating address. The maximum amount of MITH we will burn in this event is 50m BEP2 MITH or 5% of MITH token total supply.
We will use the Binance Chain BURN feature to burn the BEP2 MITH we receive around 2019/10/31 2pm UTC+8. We will announce the TXID upon completion. You will ...
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MithrilOfficial - Medium