Lokum Finance — an Automated Market Maker (AMM), a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity through farming and receiving commissions in return.
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Description of the Lokum Finance
Lokum Finance launched in April 2021 and is a decentralized exchange for exchanging BEP20 tokens on the Binance Smart Chain. The project uses an automated market maker model, where users trade against a pool of liquidity. These pools are populated by users who contribute their funds to the pool and receive liquidity provider (LP) tokens in return.
LokumFinance allows users to trade BEP20 tokens, provide exchange liquidity, earn commissions and place bets on LP tokens.
Farming rewards:
| 1 | 1 LKM / block. |
| 2 | 28 800 LKM / day. |
| 3 | The reward will decrease every two weeks by 10%. This parameter will be maintained by the project owner and then by the community. 10% will go to developers' addresses for marketing purposes, payouts, and to fund future partnerships and strategic developments. |
You can place an LKM bet on the Pools page by clicking on the "+" sign. Then select the amount you want to wager and confirm. In order to farm, you must provide liquidity to one of the pools, which you can find on the Farms page. To connect a wallet, you need to click the "Unblock wallet" button in the upper right corner of the page. After that, find the wallet you want to connect to LokumFinance and click "Connect". Confirm the connection and you're done.
Additional information
When the official airdrop takes place, it will be announced along with the requirements. Remember that anyone can distribute tokens to Lokum users, as every transaction is public on BSCScan. Do your due diligence when it comes to unofficial airdrops. The site has a separate document with a description of the project, as well as a blog on the Medium site.
From social networks, the community leads:
- twitter;
- telegram.
Subscribe to stay up to date with all news. Smart contract audit can be found on the Github.