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Home All Events DeMountain Finance BNB ROI dApp Launch

Date

Sep 09 2022
Expired!

TimePacific Time

1:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Sep 09 2022
  • Time: 4:00 pm

Status

Active

DeMountain Finance BNB ROI dApp Launch

New ROI dApp/Avarice fork launching on BSC.

This is the second launch from the Paramount Finance team, having previously launched a MATIC version.

The countdown on the site appears to be using the browser timezone, instead of counting to launch time, which is 8pm UTC.

DETAILS
  • Stake $bMOUNT (native token) to earn yield paid in $bMOUNT and a share of BNB dividends from the “Weekly Auctions” (see Weekly Auctions below)
  • Obtain $bMOUNT tokens by entering the weekly auctions with BNB or purchasing active stakes in the in-app marketplace
  • $bMOUNT can be staked for up to 300 days staking period
  • Staked $bMOUNT (+ bonuses) and BNB dividends can only be withdrawn at the end of the staking period — the longer the stake time, the higher the bonus
  • Price of $bMOUNT is determined by the amount of BNB invested into the system
  • Active stakes can be traded (buy/sell) and also used as collateral to borrow/lend BNB via the in-app marketplace — 2% marketplace fee
  • Weekly Auctions;
    • opens every week (on Friday – Saturday) for users to deposit BNB to receive $bMOUNT tokens — the more BNB you deposit, the more $bMOUNT tokens you will get
    • no minimum or maximum deposit
    • initial supply of 3,000,000 $bMOUNT in the auction pool; decreasing by 3% daily
    • 88% of BNB in the auction pool is distributed to stakers, 9.4% for team/buybacks/marketing
    • dividend payouts are capped at 24 days
  • Referral commission: 3% to referrer and 15% to referee (paid in $bMOUNT)
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