All users can mine iBAC and iBAS
For the generation of iBAC, we give a 30-day time period. The longer the pledge time, the greater the number of iBACs obtained. Through the pledge of stablecoins, after users obtain iBAC, they can conduct liquidity mining in iBAS. Users can obtain iBAS through iBAC_USDC and iBAC_DAI trading pairs on uniswap.org, and then use the iBasis platform for pledge mining. Our goal is to expand The price of iBAS, so the straight-line rate of return on iBAS, all iBAS coin holders, we will send rewards based on the community and iBasis block mining. Finally, when the price of iBAC is lower than US$1, we will send iBAB bonds. At this time, iBAB can be purchased to the second power of iBAC. When the iBAC index is greater than US$1, iBAB can be directly exchanged for iBAC. The purpose of the entire closed loop is to maximize the benefits of users.
Finally, iBAS can directly exchange BAS, USDT, ETH and other value coins on the iBasis platform. Our iBasis project party will also do the work of repurchase and destruction of iBAC and iBAS.
Some adjustments made by iBasis to liquidity mining are as follows:
The incentive mechanism of iBAC is as follows, we will follow up the user’s storage time for allocation. In order to better bring iBAC closer to a stable price of $1, we make the following algorithm arrangements.
