Roseon Guest Post: 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 begin 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 huge rewards, the Genesis Liquidity Pools. The liquidity pools require participants to provide liquidity by depositing USDC in order to earn 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, vesting for 6 months
• Number of pools: 4 pools, every week per pool

Genesis LP schedule

(Updated April 11 at 11am UTC)

Example: You deposit 1000 USDC into the Virginia Rose Pool, the system mints 1000 ROLP, your rewards are $ROSX 3000 based on a reward 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.

award redemption

Redemption of 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.

(Table 1)

(Table 2)

Overall, Roseon Exchange’s Genesis Liquidity Pools present a unique and exciting opportunity for investors to generate high returns by investing in multiple 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 opportunity with Roseon Exchange.

Access Roseon Genesis LP:

• NFT Holders and VIP Users: 48-hour Early Access – Starts April 18 at 9am UTC
• WL users: 24-hour early access – starting April 19 at 9am UTC.
• Public Genesis LP – April 20 9am UTC

Frequently asked questions about the Genesis pool

How long will the USDC provided for Genesis LP be suspended?

The USDC provided in Genesis LP is recorded for about 6 months. Exact start dates will be announced shortly.

If you withdraw a portion of your USDC from Genesis pools during the 6-month award distribution period, your ROSX award will decrease in proportion to the amount originally committed (example shown in Table 2).

If you withdraw ALL your USDC (Remove Liquidity) from Genesis pools during the 6-month bonus distribution period, you will lose ALL your REMAINING ROSX bonuses.

ROSX awards vest monthly for 6 months.

Snapshot is created monthly.

About Roseon

Roseon brings crypto adoption through user experience and gamification. Roseon currently has two products: RoseonXa gamified 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. Accessible via mobile or web, our one-stop solution for all crypto needs. Our intuitive yet user-friendly interface makes it easy for newcomers to get started with our ecosystem.

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