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$SEAT trading is now live on Ref Finance. This is everything you need to know, how to get involved and how to earn big rewards by farming.
$SEAT trading is now live on Ref Finance!
Since our successful IDO back in May, we’ve been keeping an eye on the wider crypto market, continually assessing the situation and waiting for the right moment to launch $SEAT on an exchange. Finally, after many months of ups and downs, we felt the time is now right to launch.
Ref Finance is a NEAR-based decentralised exchange that lets users swap a wide range of crypto assets without using a centralised third party.
We’re also giving away MASSIVE prizes through our dedicated yield farm to celebrate the launch. More on this in a minute.
You only need to complete this step if you don’t already have a NEAR wallet containing either some $NEAR or other NEAR-based assets listed on Ref Finance. You can create and fund a NEAR wallet on NEAR’s official website. For more information and a step-by-step guide, click here.
Head over to Ref Finance, a decentralised exchange where you can swap NEAR-based crypto assets with other traders.
In the top right corner, click “Connect to NEAR” and select the method you used to create your NEAR wallet. If you set up a wallet as outlined in step 1 and you’re using the same browser you used to create that wallet, you’ll be asked to confirm the connection. Follow the instructions to confirm the connection.
Once you have successfully connected your wallet, select the asset you want to swap for $SEAT from the top dropdown, and select $SEAT from the bottom dropdown.
Enter the amount of $SEAT you want to buy.
Once you’re happy with the assets you’re trading and the amount of $SEAT you’re buying, click “Swap”.
Lastly, confirm the transaction in your NEAR wallet by following the instructions in the popup that appears.
To celebrate the launch, we will be creating a farm where liquidity providers can deposit their LP tokens to earn a big APR and extra rewards paid out in $SEAT! Anybody can become a liquidity provider by adding liquidity to our liquidity pool; this is how it works.
To add liquidity, you must have some $SEAT and some $NEAR to deposit into the liquidity pool already in your connected NEAR wallet. We suggest a 50/50 split. If you only have one or the other, you can click on “Swap” in the main menu and swap tokens until you have the right amount.
~~For more information about farming $SEAT, read this article.
To farm and earn big rewards in $SEAT, you must have LP tokens which you get when adding liquidity to our liquidity pool as outlined above.
Once you’ve staked your LP tokens in the farm, you’ll begin accumulating rewards that you must claim periodically.
You can unstake your LP tokens and withdraw your liquidity at any time.
We have implemented a five-year token release schedule that ensures the integrity of $SEAT. Tokens will be released into circulation slowly over time, protecting the value of $SEAT and reducing sell-side pressure.
If you have any questions or issues, please join our Telegram group, where you can get fast support directly from the team.
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