Creator and Kyber Collaborate to Optimize the Utility for CTR Token
Creator is excited to finally announce that we are working with Kyber Network for CTR token on BSC, with $120,000 in CTR and KNC tokens liquidity mining rewards.
With the initiative of improving the number and liquidity of token-pair pools of BSC on KyberDMM, Creator is excited to be one of the projects passing the KIP-15 to launch a joint liquidity mining campaign with KyberDMM.
Starting on September 22 at 01:00PM UTC (09:00 EDT), liquidity providers can add any amount of liquidity to the CTR-BNB pool on KyberDMM on BSC to unlock their share of the $120,000 in CTR and KNC tokens liquidity mining rewards over the next two months.
CTR tokens are the main token of the Creator Ecosystem. CTR will be required for any services of Creator in the ecosystem, such as Creator Launchpad, Creator Staking Vault, Creator No Code Smart Contract and Low Code DApp services. More information on Creator Ecosystem can be found in the full Business Landscape of Creator.
In returns, KNC rewards can be added into the KNC-BNB pool for extra liquidity mining incentives, or staked on KyberDAO for additional KNC rewards.
We believe this will bring an increasing value of the CTR token and empower more liquidity providers, traders, and developers to effectively engage in the DeFi world.
Important Details
Start: September 22 2021 at 09:00PM GMT+8 (09:00 EDT)
End: November 22 2021 at 09:00PM GMT+8 (09:00 EDT)
Reward: $120,000 in KNC and CTR
Campaign Duration: 2 months
Vesting: 14 days
CTR token address (BSC): 0xd6cce248263ea1e2b8cb765178c944fc16ed0727
How to Farm CTR on KyberDMM
Step 1: Visit KyberDMM
Step 2: Switch Network from Ethereum to BSC
Step 3: Visit the Pools page and add liquidity for the eligible CTR-BNB pool
Step 4: Go to the Yield page and stake your LP tokens on the CTR-BNB farm. You will start receiving KNC and CTR rewards, which can be harvested anytime.
Step 5: Claim all harvested and unlocked rewards after 14 days (14-day vesting starts each time you harvest rewards).
About Kyber Network
Kyber Network is a blockchain-based liquidity hub that connects liquidity from a wide range of sources to power instant and secure crypto exchanges in any decentralized application. As a liquidity hub, Kyber connects liquidity from diverse sources to provide the best rates for takers such as DApps, Wallets, DEXs, Aggregators, and users. Transactions on Kyber are fully on-chain and thus fully transparent and verifiable.
With Kyber Network, anyone can easily provide token liquidity in different ways that suit their unique needs and allow liquidity to be accessible by any taker (e.g. Dapps, Aggregators, Wallets, End users).
Kyber DMM is the next-generation AMM protocol. Through its enlarged capital pool, it maximizes the capital use of liquidity providers, provides high capital efficiency, dynamic fees and optimizes returns.
With the Rainmaker liquidity mining program, KyberDMM will bring greater flexibility and high capital efficiency by offering liquidity providers amplified pools as well as bring more DeFi participants and value into the KNC. By implementing novel features in ít protocol, KyberDMM can be up to more capital efficient than typical AMMs.
Follow our official website and social channels:
Website | Twitter | Forum | Blog | Reddit | Developer Portal | Github | KyberDMM
About Creator
Creator is a Block chain as a Service (BaaS) that provides No Code Smart Contract, Low Code DApp and other services to empower the DeFi and NFT World. Creator’s Blockchain features shall broaden the gate for every game studio and developers to enter the gamified NFT and Blockchain industry.
Creator has an incredibly friendly UI and multiple enhanced background services. Hence, with or without IT/ Blockchain skills, by filling out some initial information and a few clicks, anyone can simply go live a Smart Contract or DApp.
Creator’s chain is based on the Polkadot/Substrate for true interoperability, user-driven network governance and customizations that focus on Defi, NFT and other services.
Follow our official website and social channels:
Website | Telegram |Telegram ANN| Twitter | Medium | LinkedIn | Git
