At Roseon, we have always strived to be the people’s platform. Our customer-centric services, combined with an aim to eliminate barriers to crypto adoption are our secret to success. Recently, we realized that although we do provide liquidity provider (LP) services through staking pools, people were still facing difficulties due to several reasons.

These included the limited number of LP pairs, pool sizes, and even the process of becoming a liquidity provider seemed to be a bit of complexity. To help you, our users, we have come up with a highly effective solution: Our partnership with Beefy.Finance.

But What Are LPs?

In the age of DeFi, liquidity pools have come to play an important role, especially in the case of non-custodial DEXs (Decentralized Exchanges).

Unlike centralized or traditional exchanges, DEXs don’t carry an order book, where trades are conducted when sell and buy orders are matched. Since traders don’t deposit their assets within a DEX, the concept of an order book simply breaks down. The only way for a DEX to swap assets was to have both parties online and their wallets connected to the trading smart contract.

The industry came up with a solution, called Automatic Market Maker (AMM) which allowed people to deposit their assets in paired pools (e.g. ETH/USDT). A trader, for example, looking to buy ETH with USDT can simply connect his wallet to the pool smart contract and swap assets at the established pool rate without the need to wait for an incoming match. This means there is no wait time and the trading can be done without the need of a middle man. The pools provide liquidity to the DEXs, hence the LP moniker.

But what about the liquidity providers, you may ask. What do they get out of this all? Liquidity providers are incentivized to deposit their tokens in the pools by giving them a share of the profits made through the swap fee. While the fee may differ from pool to pool and protocol to protocol, the amount of incentive is usually equal to the percentage of liquidity ownership within the complete pool. Having a 5% share in the pool means a 5% of incentive distribution, for example.

As proof of their commitment (and making it easier to keep track of deposits and profit distribution, every provider is awarded a dedicated LP token for that pool. Providers can redeem their deposits by returning the LP tokens.

How Roseon Makes it Easy

Selecting it will provide you access to Beefy.Finance pools. The multi-chain liquidity pool aggregator provides different pools to take part in. You can simply select the pool you prefer and deposit just one asset of the pair. Roseon will take care of the rest. You can sit back and relax as your deposited assets start earning you passive income through swap fees.

Advantages of Roseon/Beefy LP Service

• Zero Complexity: Simply Log in to our app and deposit assets in any available Beefy pool.
• Chain Agnostic: The pools can be on any blockchain, regardless of your assets.
• Single Asset Deposit: No need to deposit both tokens of the pool. You have the option to deposit any of the two.
• Transparency: All data pertinent to each pool is available in an easy to understand manner. Make a sound decision every time.
• Withdraw Anytime: Keep your LP tokens to earn a swap fee or return them to get your principal amount plus profits accrued.
• High Returns: Stake your stablecoins like BUSD and USDT or major cryptos like BNB and ADA for a massive 29% return, a perfect solution for the current bearish market!

Roseon App is the ultimate CeDeFi app that caters to all of your crypto investment and earning needs. Our innovative centralized approach toward a decentralized economy means that the complexity of using cryptos, DeFi, DEXs, etc. is a thing of the past. Simply register on our app and follow the intuitive user interface to start your crypto journey today!

Download Roseon Mobile App

Google Play: https://play.google.com/store/apps/details?id=roseon.finance

App Store: https://apps.apple.com/vn/app/roseon-finance/id1559440997

Web app: https://app.roseon.finance/

What is INO (Initial NFT Offering)

Initial NFT Offering (INO) is a new type of crowdfunding platform in which the NFTs are sold at the early stage of the project for a stipulated period.

INOs allow projects to raise funds by listing a set of NFTs or an NFT collection on a Launchpad. Usually, these are limited edition NFTs focused on scarcity to make them more attractive to investors.

INOs promote community building as well. By buying an NFT in an INO, the buyer purchases a scarce NFT of a limited collection, providing them with acceptance in a small community. It’s easier with NFTs to recognize each holder than with a fungible token.

How to participate

There are 2 rounds for any INO projects:

• Allocation round usually for users who have level 2 to level 10 VIP-tier, and whitelisted users who participate in Gleam campaign. 
• FCFS round (First come first serve round) for all Roseon users who complete KYC (Sumsub or from KYC Level 2)

Identity verification (KYC) is required for all users who would like to join any INO projects at RoseonPad.

• Download Roseon Mobile app: LINK
• Buy $ROSN at PancakeSwap | Gateio | Kucoin | MEXC or Fiat and Swap features on the app
• How to upgrade your VIP level? Kindly read here: LINK
• Apply for Whitelist level at Roseon Projects page: LINK
• Users register for KYC Sumsub at Profile -> Identity Verification (1-5 days)

* Complete Identity Verification at Profile and complete requirements for whitelist at Roseon LaunchPad web page at least 24 hours before Sale is live.

Step 1: Log in and select INO Project

First and foremost, kindly note that RoseonPad happens only in Roseon App and is not available on Roseon website. If users cannot log in Roseon app, kindly ask for support at our Telegram channel or send email to our support team: [email protected].

• Identity verification (KYC) is required for any participant. Go to Profile -> Identity Verification (1-5 days)

Head over to RoseonPad page in Roseon App. You can find all INOs, including upcoming, live and completed projects and you can find all the up-to-date information about upcoming INOs, too!

Users can see the list of Upcoming and Live NFTs at the RoseonPad page in Roseon App. Upcoming sales are shown in the “Upcoming” section, users can read descriptions of the project.

Live-for-sale project appears in the “Live” section and begins at the “Get ready” stage. You can click on the project to see details of Project INO information including NFT Price, Session Supply, Tier Allocation.

Live-for-sale project has four stages: Get ready -> Allocation -> FCFS -> Completed.

Users are allowed to buy tokens during the “Allocation” round and “FCFS” round solely. Purchased NFTs will be claimed automatically at the 1st Claim (UTC) time and following vesting date.

Step 2: Deposit currencies into wallet balance

We recommend users to deposit buying tokens into your wallet balance at least 36 hours prior to the start of an INO. If there is any error or pending transaction, we can support you immediately before the INO starts.

It depends on supported currencies of each project so users must deposit BUSD, USDT or BNB etc to buy NFTs

🔸 The Guide for Buying and Depositing Tokens into Roseon Wallet at here. https://youtu.be/hlJz0hTQjgA

🔸 You can also use Fiat and Swap function to get the fiat currencies.

Kindly choose the correct network to deposit tokens into your personal wallet address in Roseon app. After you deposit your balance will be updated, make sure you deposit enough tokens to buy INO.

Step3: Buy NFTs

• Allocation Round: Only users in Whitelist or have level 2 to level 10 VIP-tier can buy at Allocation round. We will have specific quantity allocated to each Tier, which will be included in each project’s article. The higher level of your VIP Tier, the higher chance you can buy NFTs. For example, there are 50 VIP 4 but the Allocation can be 40 NFTs for the whole VIP 4. 
• FCFS round is for all Roseon users who complete Identity Verification. All unsold tokens from the Allocation round will be carried over to FCFS round.
• Each user can only buy one NFT per order. There will be no limit or limit on the number of order during INO, depending on projects.