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    • What is Project OASIS ?
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        • How to register?
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        • The rewards of Genesis Node
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      • Collection of Fire: Salamander
        • AscendFi Mechanism
        • How to register?
        • What is Admission Pass?
        • Ranking Upgrade and Re-subscribe
        • Rankings
        • Collect Fire:Salamander ( Subscription LP )
        • Withdraw Fire: Salamander(Sell LP)
        • Inviting Friends
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    • About South Block Capital Asia-Pacific ( SBCA )
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  • ➕Others
    • 📕FAQs
      • What is LP?
      • What is Computing Power?
      • What is Referral Reward?
      • How to Claims Rewards?
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Withdraw Fire: Salamander(Sell LP)

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Last updated 4 months ago

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=Q∗5.00F=Q∗5.00%F=Q∗5.00

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:

Note: The 200 LP is a hypothetical value, and the actual amount will depend on the total number of LP tokens successfully sold by the user.

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.

Procedure of Sell LP

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.

Note:

  1. Transaction Fee: 5%.

  2. USDT to LP Exchange Rate: The exchange rate is calculated based on the network rate at the time of sale. Estimated values are for reference only.

  3. Wallet Authorization: Ensure a stable network connection during wallet authorization and do not modify the requested spending values to prevent transaction failures.

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The process of Sellin' LP