Modefi Introduces Staking on Binance Smart Chain!

We are excited to announce the next step in our multi-chain staking of $MOD. The second round of Multi-chain staking (Yes! There will be staking for $MOD on other networks in the near future) will be on the Binance Smart Chain Network.

The staking contracts will officially open for deposits on April 16th at 2AM UTC. The BSC staking dashboard is available at https://dashboard.modefi.io/#/staking-rewards

Our first staking round on Fantom has so far taken almost 1.4M MOD tokens out of circulation with a total value locked of over $6M. This is 17% percent of the current circulating supply as of writing this.

Important: Staked tokens will be locked for the 30 day duration.

We have chosen BSC to host our next round of staking. With the growing demand of Binance Smart Chain we have made the decision this would be our next home.

The first staking period will run for 30 days, rewards over these 30 days will be as follows:

  • 12,000 $MOD for $MOD Staking
  • 30,000 $MOD for MOD/BNB CAKE-LP Staking

Your rewards will be proportionate to your staked amount. Start staking early on to see the best results. All stakes will be locked in for the 30 day duration.

How to add liquidity to the PancakeSwap MOD/WBNB (V1(old)) Liquidity Pool on BSC

Please note: Staking on BSC requires the use of Metamask, no other wallet is supported at the moment. All stakes will be locked in until the end of 30 days.

Step 1: (If your $MOD tokens are on the ethereum network)

Please click here and follow the instructions to bridge your $MOD tokens from the Ethereum network to Binance Smart Chain if you haven’t already done so.

Step 2: (Add liquidity, use V1 LP)

-Visit https://v1exchange.pancakeswap.finance/#/pool
-Connect to BSC Network(top right side)
-Select “Add Liquidity”
-Select “BNB” in the top field and paste the $MOD contract address into the lower field

$MOD BSC Contract address
0xd4fbc57b6233f268e7fba3b66e62719d74deecbc

-Type in the amount of BNB you would like to provide, it will auto fill the amount of MOD needed.

-Once approved, select the “Add Liquidity” button and submit transactions

You will receive Cake-LP tokens that represent the percentage of your ownership of the liquidity pool.

The MOD/BNB Cake-LP token address is 0x02d12f8F3596D9d293FdAcFec9F629b423CB058F and can be added to your metamask wallet as a standard token.

Step 3: Stake-em

How to stake your Cake-LP MOD/BNB LP tokens

Please note: Staking on BSC requires the use of Metamask, no other wallet is supported at the moment. All stakes will be locked in until the end of 30 days.

Step 1: (Be sure you’re connected to the Binance Smart Chain Network)

-Visit our staking dashboard at https://dashboard.modefi.io/#/staking-rewards
-Select the BSC Network Staking

-Click the “Connect” button in the top right corner
-If you see your address in the top right corner you are connected successfully. If it shows “Wrong Network” please make sure you are on the BSC network on your Metamask.
-Under “MOD / BNB CAKE-LP Staking” select the “Stake” button
-Enter the amount of CAKE-LP Tokens you would like to stake and select “Stake LP”
-You will be prompted with an approval transaction then following that the stake transaction. You will need BNB in your Metamask to pay transaction fees.

Step 3: Kick back and collect the rewards as often as you’d like!

The average cost to claim your rewards on BSC is around $0.19!

How to stake your $MOD tokens on BSC

Please note: Staking on BSC requires the use of Metamask, no other wallet is supported at the moment. All stakes will be locked in until the end of 30 days.

Step 1: (If your $MOD tokens are on the ethereum network)

Please click here and follow the instructions to bridge your $MOD tokens from the Ethereum network to Binance Smart Chain if you haven’t already done so.

Step 2: (Be sure you’re connected to the Binance Smart Chain Network)

-Visit our staking dashboard at https://dashboard.modefi.io/#/staking-rewards
-Select the Binance Network Staking

-Click the “Connect” button in the top right corner
-If you see your address in the top right corner you are connected successfully. If it shows “Wrong Network” please make sure you are on the BSC network on your Metamask.
-Under “MOD Staking” select the “Stake” button
-Enter the amount of $MOD Tokens you would like to stake and select “Stake MOD”
-You will be prompted with an approval transaction then following that the stake transaction. You will need BNB in your Metamask to pay transaction fees.

Step 3: Kick back and collect the rewards as often as you’d like!

The average cost to claim your rewards on BSC is around $0.19!

Users staking $MOD will greatly benefit from the low transaction fees associated with staking on BSC.

Important Contract Addresses

Binance Smart Chain $MOD contract address

0xd4fbc57b6233f268e7fba3b66e62719d74deecbc

MOD/BNB Cake-LP token contract address

0x02d12f8F3596D9d293FdAcFec9F629b423CB058F

Ethereum network $MOD contract address

0xea1ea0972fa092dd463f2968f9bb51cc4c981d71

Modefi: An Oracle Solutions Platform

Modefi’s mission is to bring decentralized trustless Oracle solutions to developers and businesses. Using multi-chain solutions Modefi is building interoperability that will drive adoption and true power to the blockchain ecosystem.

Website: https://modefi.io

Docs: https://docs.modefi.io

Telegram: https://t.me/modefi_official

Twitter: https://twitter.com/Modefi_Official

CoinGecko: https://www.coingecko.com/en/coins/modefi

CMC: https://coinmarketcap.com/currencies/modefi/

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