LP Farming

LP Farming Allocation: 50 million ASX are allocated for Liquidity Provider (LP) farming.

How to Participate?

Step 1: Choose a Decentralized Exchange (DEX)

• Start by selecting a DEX that supports ASX (the native Assetux token). You can do this through platforms like Uniswap, PancakeSwap, or others listed on the Assetux platform.

Step 2: Pick a Trading Pair

• Once you're on the DEX, choose the token pair you want to provide liquidity for. One of these tokens will be ASX, and the other could be something like ETH, BNB, or USDT. You'll need an equal value of both tokens to proceed.

Step 3: Add Liquidity

• Deposit equal amounts of ASX and the paired cryptocurrency into the DEX liquidity pool. This helps the platform facilitate trades between these tokens. Example: If you have $100 worth of ASX, you'll need $100 worth of the other token (e.g., ETH or BNB) to add liquidity.

Step 4: Receive LP Tokens

• After adding liquidity, you’ll get LP (Liquidity Provider) tokens. These represent your share in the liquidity pool, meaning you own a portion of the trading pair you added.

Step 5: Start Farming

• Go to the Assetux platform or its farming pools section. Stake your LP tokens in the farming pool to start earning rewards. These rewards usually come in the form of ASX tokens and are paid out regularly.

Step 6: Earn Rewards

• As long as your LP tokens are staked, you'll keep earning ASX rewards. You can monitor your earnings and choose when to claim them.

Step 7: Withdraw When Ready

• At any time, you can unstake your LP tokens from the farming pool and remove your liquidity from the DEX. This will return your original tokens, plus any trading fees earned.

By following these simple steps, you'll be able to provide liquidity, help the platform grow, and earn rewards in the process. It's an easy way to get involved in decentralized finance (DeFi) and earn ASX!