The SwapAll APP and SwapAll Layer 2 will start the rewards distribution at USDT-SATO and SAP-USDT liquidity pools on April 16, 2021 (UTC Time).
The SwapAll APP and SwapAll Layer 2 will simultaneously launch the USDT-SATO and SAP-USDT liquidity pools. At this phase, SATO will initiate rebase, and release the 3 million Genesis SATO in 3 rounds. Liquidity pool farming will be open for 3 rounds.
【The First Round】
At 00:00 (UTC Time) on April 16th, the current SATO Phase 1 rewards will be distributed for the last round. The first round of SATO Phase 2 rewards will be distributed at 01:00 (UTC Time) on April 16th.
The pool will be launched at 00:00 (UTC Time) on April 16 (staking will be open), the USDT-SATO swap will be available at 00:10 (UTC Time), and the first round of rewards will be distributed at 01:00 (UTC Time) on April 16.
First round: from 00:59 on April 16 to 00:59 on July 9 (UTC Time), for a total of 12 weeks, the Genesis supply will be 2.1 million tokens (64285.7142857143 tokens per day in the first two weeks). The SAP-USDT and USDT-SATO pools are allocated by 1:4.
The rules and supply amount for the next two rounds will be announced before the end of the first round.
The production will be reduced once every two weeks for a total of 5 rounds. The reduction coefficients for each round are 0.5, 0.6, 0.7, 0.8, 0.925 respectively.
【Liquidity Lock-up for Triple the Return】
We will enable the LP lock-up farming one month after the liquidity pool launches. If you lock up the USDT-SATO-LP obtained when you provide liquidity to the USDT-SATO pool, you will get triple the profit for the locked part. The locked LP can only be unlocked after the lock-up period ends.
More details about LP lock-up will be announced later.