Get ready to dive into high rewards with Roseon Exchange’s Genesis Liquidity Pools – launching April 18th
Roseon is pleased to announce the launch of its Genesis Liquidity Pool (“LP”), which will launch on April 18, 2023. After a successful IDO and token migration from Binance Smart Chain to Arbitrum, Roseon Exchange offers a unique opportunity for crypto investors to participate in a limited-time event and earn high rewards, the Genesis Liquidity Pools. Liquidity pools require participants to provide liquidity by depositing USDC to receive rewards in ROSX. These rewards vest for six months. The campaign runs for a period of 4 weeks, with a new pool being offered each week.
Genesis LP overview
- Deposit: USDC
- Rewards: ROSX, 6 months vesting
- Number of pools: 4 pools, every week per pool
Genesis LP schedule
(Updated April 11 at 11am UTC)
Example: You deposit 1,000 USDC into the Virginia Rose Pool, the system mints 1,000 ROLP, your bonus is $ROSX 3,000 based on a bonus rate of 3.
Calculation: $1000*3 = 3000 ROSX
It is important to note that if a pool is unfilled after seven days, we will close the unfilled pool and proceed with the opening of the next pool according to the schedule above.
Redemption of Awards
Redeeming ROLP for USDC will be disabled during pre-launch. Genesis ROLP holders can redeem ROLP at any time after launch. In addition, investors must note that the Genesis Liquidity Pools Reward has a six-month vesting period. There will be a monthly ROLP balance snapshot to determine ROSX airdrop.
Overall, the Roseon Exchange Genesis Liquidity Pools are a unique and exciting opportunity for investors to generate high returns by investing in different pools. With the tailor-made pools, investors can choose the pool that suits their investment budget and risk appetite. With time-limited pools, investors must act quickly to seize the opportunity and participate in the Genesis LP event. Join us on April 20th and get ready to experience a new level of investment opportunities with Roseon Exchange.
Access to the Roseon Genesis LP:
- NFT Holders and VIP Users: 48-Hour Early Access – Starts April 18, 9:00 AM UTC
- WL users: 24-hour early access – Starts April 19, 9:00 AM UTC.
- Genesis Public LP – April 20, 9am UTC
How long will the USDC provided for Genesis LP be suspended?
The USDC provided in Genesis LP is stored for approximately 6 months. The exact start dates will be announced shortly.
If you withdraw a portion of your USDC during the Genesis Pools 6-month award distribution period, your ROSX award will decrease in proportion to the amount initially committed (example shown in Table 2).
If you withdraw (remove liquidity) ALL of your USDC during the Genesis Pools 6-month award distribution period, you will lose ALL REMAINING ROSX awards.
ROSX awards vest monthly for 6 months.
The snapshot is taken monthly.
Roseon is driving cryptocurrency adoption through user experience and gamification. Roseon currently has two products: RoseonXa playful offender DEX and RoseonApp, a one-stop mobile crypto app. Roseon is the entire ecosystem covering Roseon’s developments to simplify our users’ crypto journey. Our one-stop solution for all crypto needs is accessible via mobile or web. Our intuitive yet user-friendly interface makes it easy for newcomers to be introduced to our ecosystem.
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