We’re excited to announce our first single asset staking on BSC (Binance Smart Chain) in collaboration with Hot Cross. Users will be able to stake $GUM and $HOTCROSS ( BEP20) in Cross Pool by HotCross and earn rewards in $GUM.
What is Cross Pool?
Cross Pool is a member of the Hot Cross product suite that offers a secure and decentralized way of rewarding users for staking both LP tokens and single-sided, traditional BEP20 tokens. The protocol can technically work for various staking scenarios and on any EVM network. However, in the first stage it will be used as a means of distributing a new token and rewarding users for staking other LP or BEP20 tokens.
🤑 $GUM Rewards Pool
About 300,000 $GUM is allocated as rewards for staking $GUM and $HOTCROSS.
- $GUM Staking pool is allocated 70% of reward allocation i.e 210,000 $GUM. Users will be able to Stake/Unstake $GUM instantly without having any delays or time-locks.
- The rewards accumulated by staking GUM will have 21 Days time delay from the day of unstaking from pool.
- $HOTCROSS Staking pool is allocated 30% of reward allocation i.e 90,000 $GUM. Users will be able to Stake/Unstake $HOTCROSS instantly without having any delays or time-locks.
- The rewards accumulated by staking $HOTCROSS will have 21 Days time delay from the day of unstaking from pool.
⏰ When does Cross Pool go live?
Cross Pool will go live on 28th May, 2PM UTC.
🤓 How to participate in Cross Pool?
Step#1: Get GUM / HOTCROSS BEP20
If you are having $GUM on Ethereum — Use the bridge https://bsc.gourmetgalaxy.io/ to bridge GUM ERC20 to BEP20
If you are having $HOTCROSS on Ethereum — Use https://bridge.hotcross.com/ to bridge HOTCROSS ERC20 to BEP20
Step #2: Visit https://crosspool.hotcross.com/
Connect wallet -> Switch to BSC network -> stake $GUM in GUM Pool and $HOTCROSS in HOTCROSS Pool to earn $GUM rewards!
Happy GUM farming!
About Hot Cross
Hot Cross is an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. At its core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Their development philosophy is agile and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C. The core thesis that Hot Cross presents is that users and teams, when presented with sufficient tooling and freedom, will migrate in part to new networks that feel familiar. While Hot Cross is a company and an ecosystem in and of itself, our goals are towards allowing niche communities to flourish using our technologies, whether or not they know we are the ones building them.
About Gourmet Galaxy
Gourmet Galaxy is an innovative Yield Farming platform, a combination of DeFi and NFTs in a gaming experience. Gourmet Galaxy is currently running on the Ethereum Blockchain and Binance Smart Chain. By combining the unique features of NFTs, DeFi profit-making, and gaming experiences, Gourmet Galaxy is bringing new energy to the DeFi space.
GUM Pad is Gourmet Galaxy’s latest product, which allows cryptocurrency projects to raise funds by setting up a swap pool based on a fixed purchase rate for tokens.
With GUM Pad, decentralized projects will be able to raise and exchange capital cheaply and quickly. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.