Lime staking

Lime staking

iMe
iMe Lab project has developed 3 types of LIME ERC20 staking with different conditions to meet the needs of a wide audience of users.

LIME ERC20 staking programs

App staking (under development)

There is a staking program for LIME ERC20 tokens in iMe mobile application with a reward in BUSD BEP20.

Users will be able to open deposits by freezing their LIME for 1 month (30 days), 3 months (90 days), 6 months (180 days) or 12 months (360 days), and receive a monthly BUSD BEP20 reward.

The reward is credited monthly to the address of opening the deposit. After the end of the deposit period, all user's LIME tokens are returned to the address from which the deposit was opened.

As a result, the entire staking process is tied to one initial user address. The staking functionality and interface are only available in the iMe app.

As part of partner promotions, users will additionally receive a reward in partner tokens, according to the dedicated pool of tokens from the partner project.

Deposit options

  • Deposit term – 1 month

Rate - 1%/month

Total income for the period of the deposit - 1%

Deposit LIME amount: 25k, 50k, 100k, 500k, 1 000k, 10 000k.

  • Deposit term – 3 months

Rate - 2%/month

Total income for the period of the deposit - 6%

Deposit LIME amount: 25k, 50k, 100k, 500k, 1 000k, 10 000k.

  • Deposit term – 6 months

Rate - 3%/month

Total income for the period of the deposit - 18%

Deposit LIME amount: 25k, 50k, 100k, 500k, 1 000k, 10 000k.

  • Deposit term – 12 months

Rate - 4%/month

Total income for the period of the deposit - 48%

Deposit LIME amount: 25k, 50k, 100k, 500k, 1 000k, 10 000k.

Reward calculation

The system determines the current LIME rate at DEX Uniswap service at the moment of making a deposit. The amount of LIME for the deposit is multiplied by the current LIME rate and the reward is accrued on this amount in $.

Example:

We choose 100k LIME deposit for 3 months (90 days). The reward will be 2%/month. LIME rate at the moment of making a deposit is assumed to be $0,02. Then:

The deposit amount in $ will be 100k of LIME x 0,02$ = 2 000$

The reward in BUSD is 2 000$ x 2% = 40 BUSD/month.

Total reward for the entire deposit's period is 3 months x 40 BUSD = 120 BUSD.

LIME tokens refund will be after 3 months (90 days), along with the final reward payment.

Requirements and operation principles

When the user chooses the deposit he needs, the following checks take place:

  1. The user's address check if he has the required amount of Lime and ETH for Gas payment, which will be required to send LIME to Frozen-account when opening a deposit.
  2. Compliance check that ensures that the user has at least 50% of LIME tokens of the deposit sum which were received through Uniswap exchange, starting from the date of staking release.
  3. The Escrow-account check if iMe has BUSD on BSC on a special Escrow-account which are required for blocking and ensuring the rewards' accrual.

If these checks are successfully completed, then the Gas fee in ETH will be displayed. The user confirms that he wants to make a deposit and LIME tokens are sent to a smart-contract and frozen on Frozen-account for the entire period of the deposit, BUSD for paying reward are frozen on iMe Escrow-account. The deposit is successfully made.

The transaction is safe and guaranteed for the user via Ethereum and Binance Smart Chain smart-contracts with full collateral for payments for this deposit.

Every 30 days the user receives his interest payment in BUSD BEP20 from special iMe Escrow-account on BSC on his address from which the deposit was made.

iMe pays commission for sending deposit rewards.

iMe ensures BUSD Escrow-account replenishment for deposit award payments.

If the iMe Escrow-account does not have enough BUSD for reward payment for the whole deposit period, the deposit will not be created and LIME tokens will remain with the user.

When the deposit term expires, LIME tokens are sent back to the user and transaction fee is paid by iMe.

There is no opportunity for the user to close the deposit earlier.

You can have unlimited amount of deposits on 1 account.

Web staking

There is a staking program for LIME ERC20 tokens with a reward in USDT ERC20, on the iMe website https://limestaking.imem.app.

Go to https://limestaking.imem.app and connect your wallet.

Then you need to perform the Approve operation for the LIME token. For this operation, the network commission is charged, gas ETH. Approve is required once per wallet.

After completing Approve, you will be able to stake your LIME tokens that are on the connected wallet. The network commission is charged for the Staking operation, ETH gas.

This program has its own grid of rewards in USDT ERC20, which depends on the LIME amount and staking period. The larger the amount and period is, the higher is the interest rate. The interest rate is specified for the entire staking period in advance.

Note!!! Tokens are staked according to the conditions of the table above for a specified period. You can take the reward and tokens back only at the end of the staking period, i.e. the payment is one-time, not monthly. If you determine to stop staking earlier, then the invested LIME amount will be returned to you, and the reward will not be credited.

This staking program allows you to create only one deposit within one wallet, without the ability to add tokens to an open deposit.

The staking program runs on the smart contract that checks USDT on the iMe balance at the moment of opening a deposit, to pay out rewards for the entire staking period. If you have opened a deposit, then your reward has been already booked for you and the possibility of a lack of funds for payment is excluded.

Zerion staking

There is a staking program for LIME ERC20 tokens with a reward in USDT ERC20 on the Zerion platform https://zerion.io.

Go to the website https://app.zerion.io/connect-wallet and enter "LIME" or "iMe Lab" in the search pole, or follow the direct link and you will see LIME staking program page with LIME reward payment at a rate of 14.5% annual.

To get started, you need to connect your wallet.

Then you need to perform the Approve operation for the LIME token. For this operation, the network commission is charged, gas ETH. Approve is required once per wallet.

After completing Approve, you will be able to stake your LIME tokens that are on the connected wallet. The network commission is charged for the Staking operation, ETH gas.

It is possible to increase the staking amount at any time by adding the required number of LIME tokens.

Note!!! The Zerion platform does not have the ability to enter the desired LIME amount for staking and therefore it stakes all available LIME tokens on your balance. Make sure that the connected wallet only has the amount of LIME that you are ready to stake! This does not affect any other coins on your wallet.

The platform interface displays detailed information about the token, its rates and also has the ability to buy LIME there via the DEX protocol aggregator.

The bottom part displays your balances and profitability, the number of staked tokens, spent commissions and the amount of accumulated rewards at the moment.

The interest payment is accrued daily, you can withdraw your accumulated rewards at any time or completely withdraw LIME tokens from staking.

The staking program runs on the smart contract that checks LIME on the iMe balance at the moment of opening a deposit, to pay out rewards for the entire staking period. The program is opened and valid until the 15th of March, 2022 and may be extended later.


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