Blockster crypto platform program to distribute $1M in native tokens on Uniswap

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Oct 18, 2021
  • Users will receive BXR rewards for creating BXR/ETH pool tokens on Uniswap
  • BXR enables payments for staking, marketplace sales, advertising, community governance
  • Users can withdraw their BXR/ETH pool tokens at any time, can earn rewards daily

Blockster, an all-in-one platform for crypto, now offers a program to reward liquidity providers for its native token, BXR. The program will distribute 2 million BXR on Uniswap (UNI/USD), roughly equivalent to $1 million. Uniswap is a leading decentralized exchange built on top of the Ethereum (ETH/USD) blockchain, CoinFi reported.

Users get rewards to create BXR/ETH pool tokens

Users will receive BXR rewards for creating BXR/ETH pool tokens on Uniswap. Then, they can deposit these tokens into the rewards staking program. BXR empowers the entire ecosystem of Blockster by enabling payments for staking, marketplace sales, advertising, community governance, free P2P transfers, and other important features and uses in Blockster’s roadmap.

Platform to distribute 166,000 BXR monthly

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The liquidity percent each user introduces will determine how the BXR rewards are distributed. The rewards comprise 2% of the token’s total issuance. The program starts today and will run for a year. The platform will distribute 166,000 BXR monthly to all ETH and BXR token stakers. They can withdraw their BXR/ETH pool tokens at any time and will be earning rewards daily.

The reward amount and the period, over which liquidity is maintained in Uniswap pools, are directly proportional to the number of rewards a user will get.

Uniswap on a bullish trajectory  

In related news, Uniswap’s trajectory was bullish on Sunday as the coin broke the previous swing high and gained momentum. Today, it might see further upside. The next resistance level will be at $28.50 according to CoinFi. If the bullish trend continues, further growth to the $32 and $34 resistance zones can be expected.

Uniswap hires Barack Obama spokesman to manage media affairs and communication

Last week, it emerged that Uniswap Labs had hired Hari Sevugan, formerly senior spokesperson for Barack Obama, to manage media affairs for the company among other things. Sevugan was appointed on October 14.

He was hired by Uniswap Labs founder Hayden Adams to help with crypto regulation issues and lead the company’s public communication efforts. These efforts will include working on communications for current, potential, and new users.   

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