Introducing PearDAO Tokyo Ver 1.0, Pear Farm and Trade Mining Reward

PearDAO was launched with the goal to become the decentralized marketplace complementing the CEX and DEX-driven cryptocurrency ecosystem by enabling the exchange of value between on-chain, off-chain and cross-chain ecosystems.

During the Beta phase, we have invited thousands of users to trade on the decentralized marketplace. The team has collected numerous positive feedbacks and received much support from the community. Today, we are proud to announce the Tokyo Ver 1.0 release. With numerous product updates and token launch, the marketplace will officially integrate with PEX tokens. Giving users more opportunities to support PearDAO and on board this amazing journey with us.

Contract Address: 0x6a0b66710567b6beb81A71F7e9466450a91a384b

Venue: Pancakeswap

Farm location: https://peardao.io/

Features

Flexible Ad Spot Bidding (Projected Launch Date: 14 March 2022)

• When users post ads, they can choose to post the ad together with a specific amount of PEX token so that their ads will be ranked higher in the marketplace. The highest bidder will obtain the higher ad spot on the marketplace.

Advertisement Sharing Function (Projected Launch Date: 14 March 2022)

• Advertisement publishers may now directly share their advertisements with trading partners.

Private Advertisements (Projected Launch Date: 14 March 2022)

• Users may choose to post their ads privately. Private ads will not be displayed on the marketplace, giving users more privacy and autonomy. Traders can trade privately using the shared ad link from the ad publisher.

Live Price Feed (Projected Launch Date: 14 March 2022)

• The Pear Marketplace has integrated with ChainLink’s real-time price data to provide users with the latest USDT/BUSD/USDC prices for reference when trading.

NFT Staking (Projected Launch Date: March 2022)

• All users who have at least 1 Genesis Pear Ticket will be able to stake their NFTs to receive daily PEX rewards.

DAO Voting Mechanism (Coming Soon)

• PearDAO members will be able to vote on proposals submitted to the community. Once approved, it will make changes to the Pear Marketplace, including but not limited to the types of crypto assets that can be traded, or the trading limit of each individual user.

Ad referral program (Coming Soon)

• Through the sharing of advertisements on Pear Marketplace, any users who have successfully referred a friend to complete an order will immediately receive PEX rewards.

With the release of PEX, users no longer need to stake USDT in order to purchase crypto assets on the marketplace. All previously staked USDT amounts can be unstaked at any time. The new upgrade will not affect your assets lock in the smart contract.

All advertisements on the marketplace that have been posted before this upgrade will be hidden automatically, kindly delist all ads and post the ads again after staking the LP Token in the Trade Access Pool.

Apart from the new features, Pear will officially kickstart the Pear Farm and Trade Mining Reward Program for all PEX holders

What is Trade Mining Reward?

The Trade Mining Reward incentives all users who have traded on the Pear Marketplace. Users will be rewarded with PEX tokens after every completed order. 20% of each trade mining reward will be distributed on a 24 hours basis. This means that all your reward tokens need 120 hours to claim. Trade Mining rewards are issued in real-time and immediately claimable.

Projected Launch Date: March 2022

How are the Trade Mining Rewards being calculated?

R(T) = Mining reward obtained periodically

R(t) = Allocated reward amount distributed periodically

FeeBuff = dynamic value that adjusts linearly when the trading volume on the platform changes.

DynamicBuff = dynamic value that is adjusted according to the trading conditions of the platform user

Trade Mining Rewards are as follows:

If

PEX price is 1 PEX = 1 USDT In Value.

Reward Amount for Periodic Allocation = $1 Million In USD Value.

DynamicBuff = 1

The estimated transaction mining reward is: DynamicBuff * (1 / FeeBuff) * 1,000,000 PEX = the final reward after each transaction.

The algorithm will adjust the reward amount according to the trading volume on the market. When the total trading volume becomes lower, the reward amount will be increased.

If Feebuff reaches 1% of the reward amount to be distributed, then FeeBuff = 100

Trade Mining Rewards will be:

1 * (1 / 100) * 1,000,000 $PEX = 10,000 PEX.

Trade Mining Rewards are applicable for both takers and makers that are trading on the platform.

What is Pear Farm?

Pear Farm is a place that allows all users to stake their PEX or PEX-BNB LP Tokens (How to buy LP Token on Pancake) to earn yield farming rewards. Pear farmers who got involved may reap sizable profits which can range up to as high as 1,000% APY or APR.

1. Trade Access Pool (Projected Launch Date: 14 March 2022)

The Trade Access Pool has a lock-up period of 7 days. All users need to stake a certain amount of PEX-BNB LP Token to be able to purchase crypto assets on the Pear Marketplace. No staking is required for users who are selling crypto assets. PEX rewards gain an interest rate calculated in APR.

2. PEX-BNB LP Pool (Projected Launch Date: 14 March 2022)

The PEX-BNB LP Pool does not have any lock-up period. Users can stake any amount of PEX-BNB LP Token in this pool that generates PEX rewards which gain an interest rate calculated in APR. Rewards and the staked amount can be claimed at any time.

3. PEX Pool (Projected Launch Date: March 2022)

The PEX Pool does not have any lock-up period. PEX Pool is associated with the trading fees collected on the Pear Marketplace. The PEX rewards gain an interest rate that is calculated based on the APY rate. The distributed rewards are based on the percentage of PEX tokens being staked against the overall staked amount in the PEX Pool.

In summary, there are a total of five different ways you can earn on the Pear Marketplace.

1. You can choose to become a liquidity provider by staking PEX-BNB LP Token to earn APR rewards.
2. Stake PEX token to earn the fees that are associated with the trading volume on the Pear Marketplace
3. Stake 100 PEX-BNB LP Token to buy on the Pear Marketplace. Earning both APR rewards and the trade mining rewards.
4. Users can earn PEX rewards whenever they have completed a trade.
5. Buying and selling crypto assets at their preferred prices.

More About PearDAO:

• Twitter: OfficialPearDAO
• Website: Peardao.io
• Meet more Pears on Telegram