Binance Launchpool announced this morning the latest project to be added! Automata Network (ATA) pools will become available from 2nd of June for 30 days and Binance users will farm ATA by staking Binance Coin (BNB), PolkaDot (DOT) and Binance USD (BUSD)! Create a Binance account here!
The Automata Network is a decentralized privacy service protocol for dApps across multiple blockchains. Automata protocol enables the use off Anonymous Voting and Miner Extractable Value (MEV) privacy algorithms.
Binance users staking in the launch pools will earn ATA, the native utility token of the Automata Network. Automata (ATA) is used for governance, mining reward, protocol fees and geode allocation. The ATA total token supply is 1,000,000,000 and the circulating supply upon listing on Binance will be 17.23%. The Binance Launchpool will allocate 40,000,000 ATA, 4% of the maximum token supply!
From the 4% of the maximum token supply allocated to the Launchpool, 70% will be distributed in the BNB pool. The DOT pool will share 20% of the reward and the BUSD pool will distribute the remaining 4,000,000 ATA tokens. The farming rates are boosted from launch until the 6th of June, the listing day, with 4,000,000 ATA shared daily. The daily reward will drop to only 800,000 from the 7th of June.
All pools will open at 00:00 on 2nd of June and Binance users can already stake their assets. Once the farming will go live, the rewards will be calculated hourly. Farmers will have the option to claim every hour or let the rewards stack up. Any unclaimed rewards and staked assets will be automatically transferred in the user SPOT wallet at the end of the campaign.
I was checking the Launchpool tab every day and I was disappointed that no new project was added since Trilium (TLM). Finally the good news arrived and is now time to open the vault and put the Binance Coin (BNB) to work!
I had the PolkaDot (DOT) locked for 60 days to earn 20% APY and the timing couldn't be any better as the locked staking period ended on the 31st of May. I already added 10.79 DOT in the pool and now I only have to wait for the ATA farming to start.
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Seeing the 50 BNB, I am motivated to gather as much alongside my BCH too. It was not until ATA launched before I got to know the Trust Wallet ATA airdrop is different from the one on Binance 😂😂🤣😂😂.