Preparing for the token sale distribution
BENQI public sale participants will have their initial Qi unlocks distributed to the addresses (as specified previously on sale.benqi.fi) on August 19, at 7:00PM SGT.
We outline steps on how to add the Avalanche Network and QI token contract to your MetaMask wallet below:
Please only head over to https://app.benqi.fi after protocol launch (see countdown) to begin the below process.
Adding the Avalanche Network to your MetaMask wallet
Your MetaMask wallet will need to have the Avalanche Network added. The BENQI app (https://app.benqi.fi), automatically connects the Avalanche Network to your MetaMask wallet if it hasn’t already. Simply click on “Switch to Avalanche Chain” and click on “Switch Network” when the MetaMask prompt is shown.
Adding the QI token contract to your MetaMask wallet
In the BENQI app, click on “Add BENQI” at the bottom left tab of the app to add the QI token address to your MetaMask wallet. The QI tokens should be displayed after clicking on it.
Ensure that your receiving MetaMask wallet is sufficiently funded with AVAX to be able to transfer the tokens. For users that have no AVAX in their wallets, there are 2 options to fund your MetaMask wallet with AVAX:
- Funding your wallet from a Centralized Exchange
- Bridging funds over from Ethereum through the Avalanche Bridge
1. Funding your wallet from a Centralized Exchange
We recommend using KuCoin to fund your MetaMask wallet with AVAX as it supports the Avalanche C-Chain, where the BENQI protocol will be launching on.
2. Bridging funds over from Ethereum through the Avalanche Bridge
A feature of the new Avalanche Bridge airdrops AVAX into a user’s wallet whenever they move more than $75.00 worth of assets from Ethereum to Avalanche. This provides new cross-chain users sufficient gas to navigate Avalanche without needing to purchase AVAX off centralized exchanges. Existing users looking to purchase more AVAX or to swap assets can do so on the Pangolin Exchange.
Public Sale information (completed April 28, 2021)
Public A
Tokens allocated: 439,200,000 QI
% of total supply: 6.10%
Price per token: $0.0075 per QI
Unlock schedule: 20% on public listing and monthly release over 12 months
Minimum contribution: $500
Maximum contribution: $5,000
Special Round A
Minimum contribution: $100
Maximum contribution: $1,000
Unlock schedule: 20% on public listing and monthly release over 12 months
Public B
Tokens allocated: 64,800,000 QI
% of total supply: 0.90%
Price per token: $0.0090 per QI
Unlock schedule: 100% on public listing
Minimum contribution: $100
Maximum contribution: $1,000
BENQI public sale participants will have their QI tokens distributed to their wallets on August 19, at 7:00PM SGT.
About BENQI
Built on Avalanche’s highly scalable network, BENQI’s vision of bridging decentralized finance (DeFi) and institutional networks starts by launching BENQI on the Avalanche C-Chain. Through BENQI, Avalanche users will be able to earn interest on their assets, obtain credit through over-collateralized loans and earn QI governance tokens as rewards for providing liquidity on the protocol and Pangolin. For more information about BENQI, please visit: benqi.fi
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