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🍯Farm

Generate more liquidity

When withdrawing from the farm, a 2.5% fee is charged on profits that are used for Buyback & Burn.

Overview

7.5% of the original token supplies (7,500,000 BIT) will be distributed to users who stake LP tokens in the farm. In every BNB Smart Chain block, 0.05 BIT will be generated and allocated to the farmers.

The farm allows you to stake LP tokens to earn BIT. The LP tokens come from liquidity pools, where you add tokens to provide liquidity on Pancakeswap.

Liquidity Providing (LP)

  1. Provide liquidity for Hintelege (BIT-USDT) in a 50/50 ratio on Pancakeswap.

  2. Receive LP Tokens by depositing liquidity.

  3. Stake LP Tokens on Bitonite.

  4. Earn BIT Tokens.

LP Pools

  • Provide BIT & USDT liquidity - earn BIT

Farming can offer better rewards than staking pools, but it carries the risk of temporary loss. It's not as scary as it sounds, but it's worth getting familiar with the concept before you start.

Withdrawal of LP and reinvestment Withdrawal

Withdrawal: Farmers have no waiting times when performing a withdrawal.

Reinvestment interest: Farmers have the option to reinvest their rewards in the staking pool.

Frequently Asked Questions (FAQs)

How do I earn farm rewards?

Farmers can deposit LP into farms at any time and start earning rewards immediately. Rewards can be claimed at any time.

How do I deposit LP and start farming?

To deposit LP into the farm, follow these steps:

  1. Go to Pancakeswap.

  2. Click on "Add Liquidity".

  3. Add BIT-USDT to the liquidity pool.

  4. When you have added liquidity, you will receive LP tokens.

  5. Go to Bitonite - Farm.

  6. Enter the amount of LP you want to stake in the pool.

  7. Click on "Confirm". The LP funds are now active and will start earning rewards from now on.

How do I withdraw from the Farm?

To unstake LP from the Farm, follow these steps:

  1. Go to the Farm.

  2. Enter the amount of LP you want to withdraw from the Farm.

  3. Click on "Unstake LP".

  4. The LP funds will now be transferred from the Farm to your wallet.

How does reinvestment work?

To reinvest BIT rewards back into the pool, follow these steps:

  1. Go to the Farm.

  2. Click on "Claim" and enter the amount of BIT you want to request for reinvestment in the pool.

  3. Click on "Reinvest".

  4. The reinvested funds are now active in the staking pool and will immediately start earning rewards.

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