MintSwap, a leading DEX and NFT marketplace on the Mint Blockchain, has announced the launch of its mining program starting August 13th, 2024. The program offers users the opportunity to earn rewards in the form of MS404 NFTs and $MST tokens.

The MintSwap Mining Program

The MintSwap Mining Program offers participants a chance to earn 6,000 MS404 NFTs or equivalent $MST tokens. All $MST allocated to the mining program will be released linearly over one year from the program's launch. The program includes Liquidity Provider Rewards and Trading Rewards.

Liquidity Provider Rewards

The liquidity mining program will go live on August 13th, 2024. 2,000 MS404 NFTs (equivalent to 20,000,000 $MST) will be allocated to liquidity providers across different pools with varying weightings. Pool weightings are as follows: ETH/USDT Pool: 25%, ETH/USDC Pool: 25%, ETH/MST Pool: 50%. Rewards are updated hourly, allowing participants to claim their MST rewards at any time.

Trading Rewards

The trading incentive program also starts on August 13th, 2024. A pool of 4,000 MS404 NFTs (or 40,000,000 $MST) will be distributed among active traders. Rewards can be earned by trading NFTs from whitelisted collections and by trading on the DEX, involving MST, ETH, USDT, and USDC tokens. Rewards are updated hourly and are available for claiming anytime.

The launch of the MintSwap Mining Program marks a significant milestone for both the platform and the broader Mint Blockchain ecosystem. It encourages active participation and provides earning opportunities for network participants.