How does Bit2Me Earn work with B2M?
Updated on Thu, 4 Aug, 2022 at 10:11 AM
B2M token has a supply of 5 billion tokens. As described in the whitepaper, out of those 5000 million, there are some amounts earmarked for different purposes.
One of the objectives is the creation of a farming pool, where Bit2Me distributes 100 Million B2M per year among all users who add their B2M to Bit2Me Earn in order to reward the loyalty of B2M holders. The B2M data locked (Total Value Locked) and the percentage of APY (Annual Percentage Yield) can be viewed in a transparent way on Bit2Me Earn service website.
The reward percentage is calculated by dividing the amount of B2M in order to be distributed in the farming pool by the amount of tokens blocked.
Rewards are distributed on a daily basis, i.e. every day more than 270,000 B2M will be distributed among all participants of the B2M Farming Pool according to the amount deposited, calculating the reward percentage every minute.
Thanks to this functionality, from August 10, 2022, you can get the highest Bitcoin APY in a secure way. The key will be in the B2M Farming Pool, managed internally by Bit2Me and thanks to our technology allows us to perform an internal swap without any cosst to the user.
In addition, as an extra layer of security, Bit2Me's Farming Pool funds are always stored in secure cold wallets thanks to the agreement with Ledger Enterprise. This technology associated with Bit2Me includes a combination of hardware, firmware and software that brings a new security layer to Bit2Me, eliminating any possibility of man-in-the-middle attacks.
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