$XR1 liquidity mining
Last updated
Last updated
The $XR1 token comes with a unique liquidity mining opportunity designed to reward community members who help provide liquidity. A total of 14 million $XR1 tokens have been allocated for this program, which will be distributed over the course of three months. By staking $XR1 and ETH on Uniswap and holding the resulting LP tokens, participants can earn a share of these rewards. This initiative not only incentivizes liquidity provision but also aims to foster an active and robust marketplace for $XR1. Rewards are calculated daily, with snapshots taken at a random time each epoch to determine LP token ownership. To be eligible for the daily distribution, you must have held your LP tokens continuously throughout the entire week. At the end of each seven-day period, qualified participants will be airdropped their portion of the 14 million $XR1 tokens. This mechanism ensures that liquidity providers who remain committed to stabilizing the market are adequately rewarded for their contribution. Bootstrapping liquidity directly through the community is at the heart of the XR One ethos, which firmly believes that a project thrives when its members have a vested interest in its success. By distributing tokens to those who have contributed liquidity, XR One promotes fair token distribution and recognizes the crucial role community members play in building a vibrant ecosystem. This approach not only strengthens the foundation of $XR1 but also empowers participants, creating a sustainable network where everyone shares in the project’s growth and prosperity.
Connect to Arbitrum
In MetaMask (or your preferred wallet), switch your network to Arbitrum.
If Arbitrum isn’t added yet, click “Add a network” and enter the Arbitrum RPC details (easily found online).
Obtain ETH on Arbitrum
Bridge ETH to Arbitrum using an official bridge or a trusted bridging service.
Confirm your wallet balance to ensure ETH is available on Arbitrum.
Get XR Tokens
Acquire XR1 tokens on Arbitrum (e.g., by swapping ETH for XR1 on a supported DEX).
If XR1 doesn’t appear in your wallet, add the XR1 token contract address manually.
Access Uniswap (Arbitrum Version)
Go to app.uniswap.org and select Arbitrum in the network dropdown.
Connect your wallet to Uniswap.
Hover Over "Pool" and Click “Create a Position”
In the Uniswap interface, move your cursor over “Pool.”
Select “Create a Position” from the menu
On the next screen, pick XR1 and ETH as your token pair.
If XR1 is not listed by default, paste the XR1 contract address.
Approve and Supply Liquidity
If this is your first time, click “Approve XR1” to allow Uniswap to use your XR1 tokens.
You can choose between 'full range' and and a 'custom range'. If this is your first time, we recommend a full range position.
Enter the amount of XR1 and ETH you want to add. Uniswap will calculate the required ratio.
Click “Preview,” then “Add” or “Supply,” and confirm the transaction in your wallet.
Confirm and Receive LP Tokens
Wait for the transaction to finalize on Arbitrum (usually a few seconds).
You’ll receive LP tokens representing your share of the XR1/ETH liquidity pool.
Your pool position will be visible under the “Pool” tab in the Uniswap interface.
Check your LP token on Arbiscan
Go to https://arbiscan.io/
Paste your address in the search bar
Click on multi-chain portfolio, and you should be able to see your LP tokens
