Update: We have paused the Genesis Pools campaign to focus on testnet. We will resume the LP pools after testnet.
Roseon is excited to announce the launch of its Genesis Liquidity Pool (“LP”) which will start on April 18, 2023. After a successful IDO and a token migration from Binance Smart Chain to Arbitrum, Roseon Exchange is offering a unique opportunity for crypto investors to participate in a limited-time event and earn high rewards, the Genesis Liquidity Pools. The Liquidity Pools require the participants to provide liquidity by depositing USDC to earn rewards in ROSX, these rewards are vested for six months.
Genesis LP Overview
- Deposit: USDC
- Rewards: ROSX, vested for 6 months
- Number of Pools: 4 pools
- Start Date: April 18th, 2023 – 9 AM UTC
Genesis LP Schedule
| Pool Name | Pool Limit | Rates (ROSX/ROLP) |
| Virginia Rose | $0 – $500,000 USDC VIP and RoseonPass holders have priority access |
3 |
| French Rose | $500,000 – $2,000,000 USDC | 2 |
| Damask Rose | $2,000,000 – $4,000,000 USDC | 1.5 |
| Beach Rose | $4,000,000 – $6,000,000 USDC | 1 |
(Updated on April 24th at 9 AM UTC)
Example: You deposit $1000 USDC into the Virginia Rose Pool, the system mints 1000 ROLP, your rewards will be 3000 $ROSX based on a reward rate of 3.
Calculation: $1000*3 = 3000 ROSX
Rewards Redemption
The redemption of ROLP for USDC will be disabled during pre-launch. Genesis ROLP holders can redeem ROLP at any time post-launch. Furthermore, investors must note that the vesting period for the Genesis Liquidity Pools Reward is six months. There will be a snapshot of ROLP balance every month to determine the ROSX airdrop.
Note: Genesis Pool LP will be locked for 1 month (until Nov 16th). Reward for Genesis Pool LP will be distributed after 1 month, at the end of each month.
| PRE – LAUNCH | |||
|
Time |
Balance of ROLP | ROSX Projected | ROSX Remain |
|
Snapshot |
3000 | 1400 | 1400 |
(Table 1)
| POST – LAUNCH | |||||
|
Time
|
ROLP Balance | % Retaining (compared to last snapshot) | ROSX Projected | ROSX Airdrop | ROSX Remaining |
| End of month 1 | 3000 | 100% | 1400 | 233.3 (=1400/6) | 1166.7 |
| End of month 2 | 2100 | 70% | 816.69 | 163.338 (=816.69/5) | 656.352 |
| End of month 3 | 1400 | 66.67% | 437.59 | 109.398 (=437.59/4) | 328.192 |
| End of month 4 | 1400 | 100% | 328.192 | 109.397 (=328.192/3) | 218.795 |
| End of month 5 | 1400 | 100% | 218.795 | 109.397 (=218.795/2) | 109.397 |
| End of month 6 | 0 | 0 | 0 | 0 | 0 |
(Table 2)
Overall, the Roseon Exchange Genesis Liquidity Pools are a unique and exciting opportunity for investors to earn high rewards by investing in various pools. With the customized pools, investors can select the pool that suits their investment budget and risk appetite. With limited-time pools, investors must act fast to grab the opportunity and participate in the Genesis LP event. Join us on April 20th and get ready to experience a new level of investment opportunities with Roseon Exchange.
Roseon Genesis LP access:
- NFT holders and VIP users: 48 hours early access – Start from April 18th 9AM UTC
- WL users: 24 hours early access – Start from April 19th 9AM UTC
- Public Genesis LP – April 20th 9AM UTC
Genesis Pool FAQ
How long will the USDC provided for Genesis LP be locked for?
USDC provided in Genesis LP will be recorded for approximately 6 months. Exact start dates will be provided soon.
If you withdraw a portion of your USDC during 6-month reward distribution period of Genesis pools, your ROSX reward decreases proportionally to the amount originally committed (as an example in Table 2)
If you withdraw ALL of your USDC (remove liquidity) during 6-month reward distribution period of Genesis pools, you will forfeit ALL of your REMAINING ROSX rewards.
ROSX rewards are vested monthly for 6 months.
Snapshot will be taken monthly.
About Roseon
Roseon brings crypto adoption through user experience and gamification. Roseon currently has two products: RoseonX, a gamified perp DEX and RoseonApp, a one-stop mobile crypto app. Roseon is the entire ecosystem covering Roseon’s developments in simplifying our users’ crypto journey. Our one-stop solution to all crypto needs is accessible via mobile or web. Our intuitive but user-friendly UI eases the adoption of newcomers to our ecosystem.
Learn more about us: Website | Twitter | Whitepaper | Telegram | Facebook
Related Articles
Getting Started with Rox Chain Testnet
Welcome to Stage 1 of the Rox Chain Incentivized Testnet! This guide will help you start trading on RoseonX, an AI-powered Perpetual DEX running on Rox Chain – The First Layer 3 Chain Built for On-Chain AI Inference.
Introducing Rox Chain
In the ever-evolving world of blockchain technology, innovation continues to push the boundaries of what’s possible. Enter Rox Chain, an exciting new development in the Roseon ecosystem that promises to bring enhanced scalability, efficiency, and functionality to decentralized applications and services.
DePIN Light Node Coming to Roseon App
Get ready for an exciting new addition to the RoseonApp! Next week, on September 24th, we’ll be launching the DePIN Light Node, accompanied by a brand-new XP system, bringing DePIN participation and earning chances to your fingertips.