Binance Launchpool Welcomes Radiant Capital
Binance, one of the world's leading cryptocurrency exchanges, has announced the addition of Radiant Capital (RDNT) as the 32nd project on its Launchpool platform. Radiant Capital is an omnichain money market protocol built on LayerZero technology. The project's webpage is estimated to be available four hours before the Launchpool starts, allowing users to familiarize themselves with the details of this new offering.
Users will have the opportunity to stake their Binance Coin (BNB) and TrueUSD (TUSD) into separate pools to farm RDNT tokens over a 40-day period starting from March 31, 2023, at 00:00 UTC. This addition to the Binance Launchpool platform will provide users with an exciting new option for earning rewards through staking their existing assets.
Radiant Capital Launchpool Details
The total token supply for Radiant Capital (RDNT) is set at 1,000,000,000 RDNT, with Launchpool token rewards amounting to 15,000,000 RDNT or 1.5% of the total supply. At launch, the circulating supply will be 217,696,083 RDNT, which represents 21.77% of the total token supply. RDNT tokens will be available on both the Arbitrum ERC-20 and BNB Chain smart contract platforms.
There will be no upper limit for staking in the RDNT Launchpool; however, KYC (Know Your Customer) procedures will be required for participation. The supported pools for staking will include BNB and TUSD, with the respective webpages expected to be accessible approximately four hours before the Launchpool commences.
Staking Pool Rewards Distribution
Rewards for staking in the RDNT Launchpool will be distributed across the BNB and TUSD pools. The BNB pool will offer 12,000,000 RDNT in rewards, accounting for 80% of the total rewards allocation. The TUSD pool will have a smaller allocation of 3,000,000 RDNT in rewards, representing 20% of the total rewards distribution.
Users can begin staking their BNB and TUSD tokens in the respective pools once the webpages become available, and start earning RDNT rewards during the farming period that runs from March 31, 2023, at 00:00 UTC until May 9, 2023, at 23:59 UTC.
Expanding Opportunities on Binance Launchpool
The addition of Radiant Capital (RDNT) to Binance Launchpool signifies an ongoing commitment by Binance to provide users with diverse and innovative projects for earning rewards through staking. As the platform continues to grow and evolve, users can expect more opportunities to stake their assets and participate in exciting new projects like Radiant Capital.