In celebration of the Mithril community, along with the community spirit of Burning Man, we will hold this event on the same date when the Man burns on August 31, 2019. See countdown here.
For this event, we will burn MITH based on what MITH holders decide to stake, up to 50,000,000 MITH. MITH holders participating in this event can choose to stake their BEP2 MITH for 6 months to receive 10% more MITH, or 12 months to receive 30% more MITH. ERC20 MITH holders can send their MITH into Binance.com to convert them into BEP2 MITH. Deadline to send in your BEP2 MITH is 2019/08/30 2pm UTC+8.
HALF_YEAR_ADDR：bnb1wjhnglewunu3eetk5f76pa87q3yapp3zrgmue8
ONE_YEAR_ADDR：bnb1lfevzyetl9zudwdrslexcqkknnmdxjlre3vek4
For the stake:
- Deposit your BEP2 MITH to HALF_YEAR_ADDR by 2019/08/30 2pm UTC+8, receive your MITH back in 6 months, and get 10% more MITH at the end of the 6 month period, 2020/02/28 2pm UTC+8.
- Deposit your BEP2 MITH to ONE_YEAR_ADDR by 2019/08/30 2pm UTC+8, receive your MITH back in 12 months, and get 30% more MITH at the end of the 12 month period, 2020/08/31 2pm UTC+8.
For example:
Alice deposits 100k BEP2 MITH to HALF_YEAR_ADDR at 2019/08/25 and she will receive 110k BEP2 MITH at 2020/02/28 2pm UTC+8.
Bob deposits 500k BEP2 MITH to ONE_YEAR_ADDR at 2019/08/28 and he will receive 650k BEP2 MITH at 2020/08/31 2pm UTC+8.
For this stake and burn, we have set a limit of up to 50,000,000 MITH, or 5% of the total MITH float. Any MITH we receive after the first 50,000,000 MITH will be returned to the originating address. The maximum amount of MITH we will burn in this event is 50m BEP2 MITH, or 5% of MITH token total supply.
We will use the Binance Chain BURN feature to burn the BEP2 MITH we receive around 2019/08/31 2pm UTC+8. We will announce the TXID upon completion. You will be able to see this burn on-chain at the Binance Chain explorer.
Note:
★ Only send your BEP2 MITH from a Binance Chain wallet address you control.
★ DO NOT USE exchange wallet (binance.com) to send your BEP2 MITH.
★ Using Trust Wallet or Binance.org is recommended.
★ This burn is limited to BEP2 MITH only. ERC20 MITH holders can send their ERC20 MITH to Binance for conversion to BEP2 MITH.
★ The minimum amount of deposit/burn transaction is 1,000 MITH. Any transaction amount below this amount will be ignored.