Fundraising Limit Triggered before Soteria IFO, wSOTE-BNB Farming is Bound to Gain High Returns
Soteria, a recent popular insurance project on Binance Smart Chain (BSC)’s will officially launch its IFO with PancakeSwap at 4:00 pm (Singapore time) today. By then, 1,500,000 wSOTE will be for sale and $525,000 will be raised, with CAKE worthy of $262,500 to burn. According to the latest news, the current price for users to redeem SOTE on the Soteria platform is 0.010282936156909821BNB (approximately $0.45), and the IFO price in the afternoon will be $0.35.
Based on the data on soteria.finance, As of 10 am today, there are still nearly 700 users who continue to buy SOTE through the official Soteria platform. The amount of BNB injected exceeds $500,000 and the premium exceeds 28%, with the total exchange value already exceeding the IFO fundraising limit. From the aforementioned data, it can be easily predicted that Soteria’s IFO this afternoon will be extremely popular, and it is expected to become the IFO with the shortest fundraising time and the largest over-raising ratio in history.
To join this feast, please find the following detailed information of IFO.
In addition to the IFO, PancakeSwap is also launching a Syrup Pool with Soteria. In the the Syrup Pool, users can stake CAKE tokens and earn wSOTE. The total tokens volume is 200,000 wSOTE and the distribution duration is 30 days, from 5pm Thursday 21st Jan till 5pm Saturday 20th Feb. It is worth mentioning that the wSOTE rewards per block is 0.23 wSOTE and according to the official announcement of PancakeSwap, they provide a wSOTE-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after 48 hours In order to host the wSOTE Syrup Pool. In other words, in addition to participating in the IFO itself, users can either obtain additional wSOTE tokens by staking CAKE, or participate in wSOTE-BNB to obtain CAKE. At present, the annualized yield of other LP farming on Pancake is as high as 100%. The profit users can gain in the first 48 hours is beyond explanation.
Soteria is a mutual insurance platform based on BSC, which can provide insurance for losses caused by vulnerabilities in smart contracts and hacker attacks, and then provide risk protection for DeFi products. Soteria, as a community-based insurance platform, through pledged tokens, users are both income gainers and risk bearers. Token holders can use the tokens they hold to determine how much insurance coverage a project can have, and decide whether to approve claims, etc.
PancakeSwap is a decentralized exchange running on BSC, and is also an automatic market maker that allows two tokens to be exchanged on the BSC. The most significate feature of PancakeSwap is that it is fast, cheap, and allows anyone to participate.
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