Mining the first mine! How to be the first to play OKExChain (with mining tutorial)

In the past six months, DeFi mining has become popular, and various airdrops have followed one after another:

Uniswap (UNI) gave away an iPhone 12.

Meme (MEME) gave me a house.

Tokenlon (LON) sent a luxurious dinner.

…

Veteran players like Shenyu have made a fortune just by receiving airdrops. It is true that even a strong wind can’t bring in so much money .

To summarize the previous routines, as long as you participate in the early testing of the project, you will most likely get an airdrop. However, the current Ethereum network is congested and expensive, and the cost of getting an airdrop is often 0.1 ETH, which makes many investors discouraged.

How to get DeFi project airdrops at low cost?

The public chain of exchanges is the most suitable choice at the moment. Compared with Ethereum, the public chain led by exchanges not only has a fast transaction speed, but also can reduce Gas fees by more than 90%. In comprehensive comparison, OKExChain is the chain that is most worthwhile to receive airdrops next time for two reasons:

1. Currently, some trading platforms have begun to launch projects on their public chains, but they are exposed to certain risks. The early projects on OKExChain are still in the testing stage, and users can start using the test coins obtained at 0 cost.

2. According to OKEx's previous disclosure, OKExChain is independently developed based on Cosmos SDK, and supports both Cosmos wasm and EVM virtual machines. In short, it is very powerful.

On March 4, OKEx CEO Jay Hao posted on Weibo that more than 30 test projects are currently running on the OKExChain test network, covering applications in various fields such as lending, stablecoins, Swap, NFT, DEX, browsers, wallets, derivatives, etc.

As one of the first Swap applications launched on OKExChain, CherrySwap aims to achieve self-driven liquidity creation with diversified functions such as liquidity mining, IFO, NFT, lottery, DAO, etc., to give participants the greatest value dividend.

According to the latest news, CherrySwap will join hands with OKExChain to launch a full network public beta on March 10, 2021, and simultaneously launch decentralized trading (DEX), liquidity mining (Liquidity) and farms (Farms) functions. Experience the functions to receive 2000 OKT and 300,000 CHE airdrop benefits, and each person can get up to 0.2 OKT +150 CHE!

Without further ado, let's get straight to the point -

How to mine CherrySwap for the first time as a newbie!

Get test coins, taking MetaMask wallet as an example (requires scientific Internet access)

1. Configure the test network

Please make sure that the MetaMask wallet plug-in has been installed on your browser. Download address: https://metamask.io

Open MetaMask and create a wallet first. After creating the wallet, you can see that the wallet is set to Ethereum mainnet by default. Click Ethereum mainnet and click Custom RPC in the drop-down menu:

Fill in the form with the following data:

OKExChain Testnet MetaMask configuration parameters

Network name : OKExChain Testnet

Added RPC URL : http://okexchaintest.okexcn.com:26659/

Chain ID : 65

Symbol : OKT

Browser URL : http://www.oklink.com/okexchain-test

After the connection wallet configuration is completed and saved, switch to the network.

2. Connect your wallet

On the CherrySwap official website cherryswap.net, click [Connect] in the upper right corner of the official website to connect to your personal wallet.

3. Receive test coins

Click [Get] to receive 100 OKT test coins.

4. How to trade

1. Open the trading page and find the currency pair you want to trade. Here we take OKT/CHE as an example. Enter the amount to trade and click [Swap] to exchange.

2. Confirm that the information is correct and click [Confirm Swap].

3. A MetaMask window will pop up to confirm the transaction GAS fee. Click [Confirm] to pay the GAS and complete the transaction.

5. How to perform liquidity mining

1. CherrySwap uses the LP collateral certificate mining model, so we need to add the supported market-making token pairs to the fund pool first, and click [Liquidity] to enter liquidity.

2. Click [Add Liquidity] to add

3. Select OKT/CHE (case), set the quantity, and click [Approve CHE] to authorize the first operation.

4. Click [Confirm] in the MetaMask window that pops up to complete the first authorization.

5. Click [Supply] again to send tokens.

6. After confirming the information, click [Confirm Supply], and then click [Confirm] again in the MetaMask window that pops up. Once completed, you can see your market making records in the fund pool.

6. How to use the farm

1. Click [Farm] on the left side of the webpage to enter the farm page. CherrySwap Farm provides multiple mining pools for testing. Here we take the CHE-CHERRY LP pool as an example. The first step to obtain CHE is to click [Stake LP] to stake.

2. After confirming the amount to be pledged, click [Confirm] to confirm.

3. A MetaMask window will pop up here as well. Click [Confirm] again and wait patiently for the block to be completed. Then the pledge is complete.

4. Click [Details] to view the pledge details.

5. Click [Harvest] to claim the profit when you obtain CHE.

6. You can increase or decrease the number of pledged LPs by clicking [+] or [-].

7. When you no longer need to stake, click [-] to reduce the amount to 0 to complete the token redemption operation.

Have you learned enough?

Here is the information about CherrySwap block rewards and token CHE that everyone is most concerned about:

Key points: Early Bird Mining will only last for 14 days, and each block will produce 100 CHE . If you want to take action, do it as soon as possible! In terms of token distribution, the author has found some information from the official website:

It can be seen that the total amount of CHE is 1 billion, 85% of which is used for mining. The distribution mechanism is very fair compared to other SWAP projects.

Final Thoughts

The cryptocurrency world has always convinced people with its rising prices, but almost all star projects have gone through the stage of "you ignore me today, and you can't afford me tomorrow". Now the DeFi mining of exchanges is rapidly repeating this scene. PancakeSwap on Binance Smart Chain has increased by more than 10,000%, and HBO on Huobi Ecosystem Chain has increased by more than 170,000%. OKex, which ranks among the top three exchanges with Binance and Huobi, will naturally not be absent. We all know that the most important point of investment is timing . If you have missed the DEFI mining of Binance and Huobi, then you can't miss the OK Chain!