Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Decentralized Exchange Capricorn Launches Bonus Week Campaign, Offering 150% Mining Revenues for Participants


London, UK - June 21, 2022 ( Newswire) After holding successful user promotions such as "Embark on Your Cube Journey" and "Flash Mining", new upstart DEX Capricorn is launching a Bonus Week to commemorate its successful launch on Cube Network.

Hosting a number of different DeFi rewards, this Bonus Week is designed to appeal to a massive audience of users looking for high yields.

How to participate in Bonus Week

  • All users can participate, and all product features are open to customers.
  • Bonus Week will launch in tandem with Capricorn's launch on Cube Network's Mainnet and will last for two weeks.
    • Opening time: 14:00 (UTC) on June 21, 2022
    • Campaign time: 14:00 (UTC) on June 21, 2022 to 14:00 (UTC) on July 05, 2022
  • Capricorn's CORN token output will be increased by 50% during the Bonus Week. During inactive periods, the pool's output is typically 45 CORN per block, but during active periods, the output will increase by 50%. When the Bonus Week ends, output will return to normal.
  • The following trade pairs can be supported during Bonus Week
    • BTC-ETH
    • BTC-USDT
    • ETH-USDT

Why participate in Bonus Week?

Industry-leading Mining Rewards

As we all know, with DeFi projects the APY (Annual Percentage Yield) of each pool changes with the total number of pledges in the pool, and the relationship between them is inversely proportional. So when there is only one user in the pool, that pool's revenue for that day will belong exclusively to that user, and as more and more people enter the pool, the APY will gradually decrease. So based on the fact that Capricorn has just gone live on the mainnet, user yields are likely to be high in the short run.

In addition to industry-leading mining rewards, the output of CORN tokens will be increased by 50% during the Bonus Week. This means that during inactive periods, the pool's output is 45 CORN per block, but during active periods, the output will increase by 50%.

First-mover advantage

Recently, Ethereum's price fell below $1,000. Its price has been decimated over the past year, and Bitcoin also sank to $20,000 and hit its lowest point since December 2020. Many other mainstream tokens also saw steep price declines. But despite a challenging market environment, Cube Network token CUBE grew by nearly 240% since its June 9 launch date.

In addition to Cube Network backing, Capricorn also received US$300 million in liquidity investments from Ivy Blocks, Huobi's crypto asset management arm which manages billions in assets.

So as the first DEX to launch on Cube Network, there are enough reasons to believe that Capricorn will perform well on the secondary market.

At the same time, Capricorn's token distribution mechanism and reduction mechanism also show that its CORN token benefits from a stable and strong deflationary system. Burning of CORN tokens will be 100% controlled by the community's on-chain governance voting and implemented by its operations team, with the size of each reduction determined by voting outcomes.

If you'd like to learn more about Capricorn, you can visit its official website here. If you want to get in touch with the Capricorn team, you can check out its Twitter channel or Telegram group, as well as follow its Medium blog for the latest updates.

About Capricorn

Capricorn is the first protocol incubated by Gringotts Labs, which plans to roll out a matrix of DeFi projects to accelerate the expansion of the Cube Chain ecosystem. As the debut protocol of Gringotts Labs, Capricorn will provide multiple on-chain services for all crypto players, who will be able to trade CRC-20 tokens, provide liquidity to earn trading fees, stake LP tokens as well as Capricorn's governance token CORN, and also purchase new project tokens on this platform.

Contact Details

Ker Zheng

Company Website

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

Follow Us on StockTwits

News and Research for Bitcoin, Blockchain, Digital Currency Stocks and ICO's

Get more Bitcoin, Blockchain, Digital Currency stock investor ideas - news, articles, podcasts and stock directories

Buy a crypto guest post on