Withdraw Fire: Salamander(Sell LP)
Last updated
Last updated
In Project OASIS, users can withdraw their held Fire: Salamander (LP) at any time. Upon withdrawal, users will receive the corresponding amount of USDT. However, for each withdrawal of Fire: Salamander ( Sell LP ), the platform charges a fee. These fees are used to support the stability of the platform's ecosystem and its incentive mechanisms, ensuring the sustainability of the overall economic system.
Withdrawal Fee
When users withdraw Fire: Salamander ( Sell LP ), the platform charges a 5% fee. The specific calculation formula is as follows:
F:The amount to be deducted for a single sale;
Q:Total quantity of LP tokens sold in a single transaction.
Token Allocation for LP Sales
After a user sells LP tokens, the 5% fee deducted will be distributed according to the following proportions to support various platform mechanisms:
2% LP to Genesis Node Reward Pool
This portion of LP tokens will flow into the Genesis Node Reward Pool to reward users who have staked NFTs to activate nodes on the platform. The more NFTs staked, the greater the rewards users can receive.
2% LP to ELITE Reward Pool
This portion of LP tokens will flow into the ELITE Reward Pool, providing incentives for contributor in platform. It encourages long-term participation and engagement within the community.
1% LP Back to Liquidity Pool to Support Value Growth
This portion of LP tokens will be returned to the liquidity pool to enhance LP liquidity and support the growth of the platform's token price & value, ensuring market stability.
Step 1: Locate and Click the "Sell" Button On the homepage, find the [Sell] button and click it. This will bring up the LP sale operation pop-up window.
Step 2: Enter Sale Details In the LP sale pop-up, you can view the amount available for sale and the estimated USDT amount you will receive after the sale (Note: This USDT amount is calculated based on the market exchange rate provided by Project OASIS and is for reference only). Enter the desired quantity to sell, confirm the details, and click [Sell] to begin wallet authorization.
Step 3: Complete Wallet Authorization After confirming the wallet authorization, wait a moment, and you can view the received USDT under My Assets > USDT on the homepage. To check transaction records, go to the transaction details page.
*Illustration of Selling LP will be added later*
Selling on the platform is an important feature that allows users to convert their LP tokens into USDT while contributing to the stability of the platform's ecosystem. Through a well-structured fee allocation mechanism, Project OASIS ensures the platform's long-term sustainable growth and provides additional rewards for Genesis Nodes holders and globally active users.