Is yesterday's lesson was how to stake Zilliqa on Atomic Wallet, today we'll dive into the soft and fluffy Frosty's Pool, were the incredible APY can reward enough SNOW to build an army of snowman warriors.
The SnowSwap evolution will create a Crypto Winter Wonderland and I always practice what I preach. Press the play button and lets quickly go through this "How to build a snowman" crash course.
🎵 🎶 Do you wanna build a snowman?
🎵 🎶 Come on and let's go and play! ⛄
When I told everyone to brace, the Frosty's Pool was planning it's launch. In this pool, users can stake $SNOW and get more $SNOW. Let it snow never been more rewarding than now. You don't want to miss this train (or sleigh).
24 hour later, the SnowSwap website had the pools ready for deposits. I used Metamask for all the following steps. Frosty's Pool icon is both cute and funny. The "Make your own Snowman" catchphrase set me on holiday mood and that's the reason for the song.
At launch time, Frosty's Pool had a 23% APY, a gentle and soft bundle of snowflakes but this APY would change soon and reach incredible values. I went "All-in" with my $SNOW, depositing and staking all 5.6 tokens.
Metamask charged me $.264 worth of Ethereum for the staking. Boom ... clicked confirm and the staking was completed.
Checked about 20 -30 minutes later to double check that the staking process finalized correctly and this amazing new APY value kicked me like frostbite! This small bundle of snowflakes grew like a berserk Yeti, the abominable snowman.
The APY was volatile for the following hours, and this made me act like a 5 year old trying not to eat a full bag of jellies. I was refreshing the page every 10-15 minutes to see how the APY was changing and how much reward was gathering in the SNOW Earned box.
After 24 hours the APY stabilized close to 500% and that sounds like an early Christmas gift. Clicking the "Withdraw" tab took me to the three options. Ising "Withdraw & Claim SNOW" will unstake the deposited assets and the earned SNOW, returning them into the wallet synchronized with SnowSwap. "Claim SNOW" will move the earned SNOW into the wallet while "Claim SNOW & stake them in the SNOW pool" will do ... exactly what it saying on the button. All the actions will require some Ethereum gas fee and Metamask approval.
The reward for staking 5.627 SNOW for the first day was 0.0888 SNOW, approximately 1.5% of the staking total. I don't need to be Einstein to realize that if the APY will stay at the current levels, this is a good investment. Yooo Frosty! Keep that SNOW coming!
Day 2 of staking was practically a constant refresh of the page, maybe not so often like in Day 1 but still at unusual and awkward amount of times. Have you ever seen a kid with a new toy? The new toy instantly becomes the favourite one, and few days they will be inseparable.
Airdrop & Distribution
The 3rd SNOW Airdrop campaign reached the end game, and 15,000 SNOW tokens (3% of the total supply) are waiting to be claimed by Liquidity Providers . The snapshots taken since 16th of October stopped today at 4 AM.
The $SNOW token distribution is scheduled over 52 weeks, 1600 in the first weeks, than decreasing over each period as it follows:
❄️Weeks 3–4: 1,600 SNOW tokens daily
❄️Weeks 5–6: 1,200 SNOW tokens daily
❄️Weeks 7–8: 800 SNOW tokens daily
❄️Weeks 9–10: 600 SNOW tokens daily
❄️Weeks 11–13: 400 SNOW tokens daily
❄️Weeks 14–52: 200 SNOW tokens daily
Expectations
Can't expect to make a fortune when depositing $20 but at the end of the trial period I may increase the amount with the investment of more disposable income. A glimmer of hope and the current crypto Hype makes me ask the classical "What if?", and consider the rapid expansion of SnowSwap and a surge in the $SNOW price. Maybe things will escalate so quickly and I will become a sno'millionaire!
The first step was done ... I deposited in Frosty's Pool. Now I am ready to enjoy the blizzard!
Links and referrals
* currently testing ReadCash
SnowSwap evolution will create Crypto Winter Wonderland
How to stake Zilliqa on Atomic Wallet
Links and referrals:
Coinbase Earn - Up to $43 BAND
Coinbase Earn - Up to $59 Compound (COMP)
Coinbase Earn - Up to $52 Orchid (OXT)
Coinbase Earn - Up to $50 worth of EOS
Amazon author page: PV Mihalache
Quality Faucets: Free-Litecoin.com (LITECOIN)
Tier 4 referral system: Horizen (ZEN) & ZCash from PipeFlare & GlobalHive
FreeCryptos Gang: DASH, TRX, ETH, ADA, BNB, LINK, NEO, BTC & LTC
Coinpot Gang: DASH, BCH, DOGE, LTC, BTC, BTC2, BTC3 & BTC4
I earn crypto for reading and writing on Publish0x and ReadCash, watching videos on Lbry.tv and surfing online on Brave Browser and Presearch. I use Swapzone for the lowest fee swaps
Cheers to a wonderful Festive Season!