BecoSwap joins hand with SleepEarn Finance (SEN) and host their IFO on BecoSwap

BECO holders, today we are tremendously excited to announce SleepEarn Finance (SEN) as our partner and the very first Initial Farm Offering to be hosted on the BecoSwap IFO platform, using the IFO format explained here.

What is SleepEarn Finance?

SleepEarn Finance is a Decentralized, Yield Optimizer platform on KardiaChain that allows its users to earn compound interest on their crypto holdings.

What is $SEN?

$SEN tokens are ‘dividend-eligible’ revenue shares in SleepEarn Finance, through which holders earn profits generated by SleepEarn Finance and are entitled to vote on important platform decisions.

For all the vaults deployed on every blockchain, SleepEarn Finance has its native governance token $SEN at its core. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake $SEN.

BecoSwap joins hand with SleepEarn Finance to optimize yield for Beco holders

Today, we’re thrilled to announce our latest partnership with SleepEarn Finance, a Kardiachain-based Yield Optimizing project designed to amplify users’ earnings in a decentralized and secured manner.

“We’re excited to announce partnership with SleepEarn Finance and their avant-garde products. Our team has been putting a lot of effort to build a product that fits the distinction of an alliance like SleepEarn Finance. And we hope that our relationship with SleepEarn will boost users’ trust as they grow,” says Todd Dang, Co-Founder of BecoSwap.

$SEN Token Distribution

The total supply of SEN tokens is 1,000,000. Details:

• 85% (850,000 SEN) will be reserved for the IFO.
• 5% (50,000 SEN) will be reserved for the private sale.
• 2% (20,000 SEN) will be reserved for the Team (unlocked over 3 months).
• 2% (20,000 SEN) will be reserved for the Team (unlocked over 6 months)
• 2% (20,000 SEN) will be reserved for the Team (unlocked over 12 months).
• 2% (20,000 SEN) will be reserved for the Team (unlocked over 24 months).
• 2% (20,000 SEN) will be reserved for first liquidity.

Following the IFO, approximately 85% of the total supply will be circulating in the market.

IFO Sale Details on Becoswap

Sale start block: 3150409 (Approx. 1 PM UTC on Tuesday 6th July 2021)

Sale end block: 3151849 (Approx. 3 PM UTC on Tuesday 6th July 2021)

Amount to be raised: $425.000 USD in BECO-KAI LP tokens

Tokens to be sold: 850,000 SEN (85% of initial SEN total supply)

Price per token: 1 SEN= $0.5 USD

BECO to be burn from sale: $212.500 USD

Method: Basic Sale and Unlimited Sale (Both sales will be conducted via the “Overflow” method)

What is the “Overflow” sale method?

TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

To participate in the IFO:

Before Sale:

1. Buy BECO and KAI tokens on KAIDEX
2. Get BECO-KAI LP tokens by adding BECO and KAI liquidity on KAIDEX

During Sale:

1. While the sale is live (1 PM — 3 PM UTC on Tuesday 6th July 2021), commit your BECO-LP tokens to buy SEN tokens at https://becoswap.com/launchpad

After Sale:

1. When the sale is complete, claim your SEN tokens and your unspent funds will also be sent back to you.
2. Done! In the case of an overflow you can unstake your remaining BECO-KAI LP tokens.

If you decide to acquire BECO-KAI LP tokens before the IFO starts, you can stake them here to earn BECO token rewards while waiting for the sale.

Please note — While you are holding BECO-KAI LP tokens you will be at risk of Impermanent Loss.

An Explainer: What are the 2 different sale sessions?

Basic Sale ($127.500, 30% of Sale allocation)

Want to participate in the IFO and get the most bang for your buck? This is for you.

In the “Basic” session, each person can contribute a MAXIMUM of $100 equivalent in BECO-KAI LP tokens.

The number of tokens available in this format will typically represent around 30% of the total sale.

Note that the final allocation you receive will still be subject to the total amount raised in this session, but the good news is you’re not battling any whales.

Unlimited Sale ($297.500, 70% of Sale Allocation)

As the name suggests, the “Unlimited” session has no limits on the amount each person can contribute. However, this comes at the cost of a participation fee.

The number of tokens available in this format will typically account for 70% of the total sale.

How much is the participation fee?

The participation fee will start at 1%, which is only applied to your contribution to the “Unlimited” session.

The 1% participation fee decreases in cliffs, based on the percentage of overflow from the “Unlimited” portion of the sale.

The fee cliff for the SleepEarn IFO is as follows:

Overflow Multiplier

In the “Unlimited Sale” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

Please note — The final USD price per BECO-KAI LP token will be set a few minutes before the sale starting at block (2pm UTC on Tuesday 6th July 2021) and will be broadcasted on all public media channels.

While a few things may be subject to initial change, two things are sure:

1. You will need BECO-KAI LP tokens to participate.
2. If the full $425,000 USD allocation is raised, then at least $212,500 USD of BECO tokens will be burned forever.

We may also be running a staking pool for SEN and SEN-KAI LP, which will commence at the conclusion of the IFO.

The SEN-KAI LP Token Farm:

In order to host the SEN Pool, we will need to provide a SEN-KAI farm that will have 3x BECO rewards for the first 48 hours and then 2x BECO rewards after that.

The SEN Token Pool:

We also provide a SEN staking pool that will have 1x BECO rewards.

Project Details

Project: SleepEarn Finance (SEN)

Website: https://sleepearn.finance/

Initial Circulating Supply (Day of sale): 85% SEN from initial supply of 1,000,000 SEN

Contract Address: 0xb697231730C004110A86f51BfF4B8DD085c0CB28

Twitter: https://twitter.com/sleepearn

Telegram (EN): https://t.me/sleepearn

Medium: https://medium.com/@sleepearn

GitHub: https://github.com/sleepearn

Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. BecoSwap will not be held responsible for any investment losses.