๐จโ๐พ Farm
Open Binamon packs to reveal your brand-new Binamon, with a chance for ultra-exclusive Binamons. Use them to play, trade your Binamons, or stake them to earn $BMON tokens.
Farms are systems where holders are rewarded for having certain types of Tokens. To do this, rewards are defined, which are given to everyone based on the number of tokens they contribute to the reward pool (farms).
To farm, you need to get the specific token needed for each specific farm.
Now letโs use the BMON-WBNB/BMON-Z1 farm as an example and break down what these numbers mean:
The first set of 2 tokens (BMON-WBNB) represents the tokens youโll need to enter the liquidity pool. In this case, weโll need BMON and WBNB tokens. The token after the forward-slash is the token youโll earn, which is BMON-Z1.
Youโll also notice the โRewards per block,โ how many BMON-Z1 tokens this particular liquidity pool will reward its stakers for each block of time.
Thereโs also the โEnd Blockโ time, which indicates when the liquidity pool will close. You can see the exact time the pool will close by going to BscScan and inputting the end block on the top-right of the screen. In this case, the liquidity pool countdown can be found here.
And now for the part youโve been waiting forโyou can find the APY, or annual percentage yield, of each farm. To find out exactly what APY is, you can check out this article here.
Next: Adding Liquidity On PancakeSwap
Now that youโve chosen the farm you want, letโs get those "liquidity pool" (LP) tokens!
Wait, liquidity?
Yep! You do have the tokens youโll need, right? (In this case, BMON and BNB or WBNB.) If you donโt know how to buy the correct tokens, follow our simple guide.
Now weโve got to โpairโ them together and create Liquidity Pool tokens. No worries, the process is simple.
First, head on over to PancakeSwap Finance.
Once there, make sure your wallet is connected by clicking on the โConnect Walletโ button on the top-right corner. After thatโs done, click on the โTradeโ dropdown on the menu bar on the left, and click on โLiquidity.โ
Once thatโs done, youโll likely be greeted with a screen that says โNo liquidity found.โ
Thatโs totally OK!
You donโt have any LP tokens yet, so letโs get to creating.
Click the โAdd Liquidityโ button and select your first crypto asset for input. Weโll choose BMON in this case. Then, select your 2nd cryptocurrency. Weโll also choose BNB since we want to farm in the BMON-WBNB/BMON-Z1 pool. (You can also choose WBNB as the 2nd crypto asset for this pool since that also works.)
Youโll notice that PancakeSwap automatically chooses an equal amount of the 2nd crypto asset, since youโll have to provide equal values of each token in the liquidity pool.
Once your tokens are chosen, hit the โSupplyโ button to get your LP tokens!
To start farming, youโll want to head on over to the โRewardsโ tab again, where youโll see a list of different farming pools available.
Here are some helpful links you might need:
๐ BMON: 0x08ba0619b1e7A582E0BCe5BBE9843322C954C340
https://bscscan.com/token/0x08ba0619b1e7a582e0bce5bbe9843322c954c340
๐ BNRG: 0xd8813B5Dfa9AbEB693F217Bb905ec99B66FB017C
https://bscscan.com/token/0xd8813B5Dfa9AbEB693F217Bb905ec99B66FB017C
๐ BMON-Z1: 0x80E15FE54e9D155f8366187A6a32BDEF9C2366c4
https://bscscan.com/token/0x80E15FE54e9D155f8366187A6a32BDEF9C2366c4
๐ BGPWR 0xc8a87a02053dd61ff24179668e5a7d5ec72ff4d1
https://bscscan.com/address/0xc8a87a02053dd61ff24179668e5a7d5ec72ff4d1
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