Bonding and Staking Have Begun!
Bonding and staking have now begun at Minotaur Money!
The first rebase rewards will be distributed on January 11 at 4AM GMT!
The APY is currently insane because there is a large transaction tax redistribution that will occur due to all the pre-launch selling!
This is due to very high transaction tax on heavy trading before rewards began: the reward for our first epoch is 2426.25 MINO, and the reward without tax would be 520 (0.5%), meaning that the total transaction tax is about 1900 MINO, or about 28.7k MINO sold.
Therefore, the transaction tax rewards may seem high, but they are reasonable in light of the situation, as many tokens traded hands during the pre-trading period. This is your reward for being a long-term MINO holder!
This transaction tax is distributed directly to holders on rebases, making it one of our major holder reward programs! We hope you also enjoy our bonus staking in MM.finance, which we think gives us the best reward system of any DAO on Cronos already!