Creating a Token Farming
With the Ink Whale platform, you can effortlessly create your own Token Farming. Token Farming allows users to stake one token and earn another.
Follow the steps below to Create your token Farming Pool.
Step 1: Visit https://a0.inkwhale.net and connect your wallet. In the menu bar, click on "CREATE" then select "Create Token Farming"
Step 2: Provide the Required Information. You will need to provide the following details:
Select Token To Stake: Choose the Token you want your users to stake in this Pool
Select Token To Reward Stakers: Select the Token that will be rewarded to stakers, and make sure you have sufficient tokens for staker rewards.
Pool Length (in days): Specify how long the pool will remain active
Start Date & Time: Set the date and time when the pool will begin
Multiplier: Determine the reward rate, indicating how many reward tokens stakers will receive per 1 token every 24 hours.
Total Staking Cap: Define the maximum number of tokens users can stake in the Farming Pool
Step 3: Once you've filled in the required information, click on the "CREATE" button, then confirm the action using your wallet
After approximately 10 seconds, you'll find your newly created pool listed under "My Token Farming Pools." Scroll down or check the "My Pool" tab to locate it.
📌 Note:
Unclaimed balances from the reward pool can be removed after the pool's expiration.
A creation fee of 1,000 $INW is required to set up the token Farming Pool. Rest assured, all collected fees will be burned, contributing to the deflationary mechanism of the INW ecosystem. With these simple steps, you can establish your own token Farming Pool on the Ink Whale platform.
Happy farming!
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