I received a lot of friends privately chatting about the details of LP mining, here is a unified reply:
Q: What is liquidity mining, and what is the rate of return?
A: Liquidity mining means that users can obtain KNOWI by providing liquidity (LP) of KNOW+IOTX and then staking on the platform.
KNOWI is a “know to earn” governance and dividend token. In the future, it will enjoy governance rights and a 30% dividend right of project income. It depends on the proportion of the KNOWI you hold and pledge to the total KNOWI pledged.
The daily output of KNOWI in the early days was 10,000, and the total was 10 million.
Therefore, it can be simply understood that holding KNOWI is relative to becoming a shareholder of the project.
And KNOWI can only rely on liquidity mining output. This is why so many people have formed LPs in advance to wait for mortgage mining.
Q: Don't know what to do, what to do?
Step 1: Add liquidity first. This is done in mimo. Here is a quick link: https://mimo.exchange/#/add/IOTX/0x515343ed04b054d098a0c15cbd7f98b0250d0b38
Step 2: Pay attention to this liquidity mining website. When the time is up, you will automatically enter the mortgage mining page: https://farm.knowtoearn.io/
Step 3: After entering, follow the flow chart below
1. Click max, the system will automatically input the current maximum number of lp
2. Click stake. At this time, an approve contract authorization will pop up, and then a stake contract authorization will pop up, a total of two times. Mortgage succeeded when after all confirmed .
3. At this time, you can see the knowi that has been dug out in the third step, which is updated in real time. You can click harvest to take out the knowi .