Create a mining pool

Create a staking pool without code #

Fatsale supports the stake creation of more than ten public chains such as BSC main network and BSC test network, and all networks are created in the same way

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It is recommended to use the computer version of Google Chrome + Metamask plug-in to operate, and mobile phone users can also operate in TP Wallet-discover-enter the official website link

  • Video tutorial

Tool link https://fatsale.org/#/mining/create

Parameter Description #

  1. Select mining type :
    • Single currency stake: the staked contract is token contract
    • LP stake: The staked contract is LP contract
    • NFT stake: the staked contract is NFT contract
  2. Enter staked tokens:
    • Enter the token contract for staking
    • If you choose single currency stake, enter token contract
    • If you choose LP Stake, then enter LP Contract
    • If you choose NFT Stake, then enter NFT Contract, The creation of NFT can be viewed Create NFT Tutorial
  3. Enter reward tokens:
    • Token contract for giving mining rewards

Then click Approve to proceed to the next step after success

  1. Number of rewards per second: The number of reward tokens produced by the mining pool per second, and all staked users share the rewards according to the computing power percentage

  2. Single-person stake maximum value:

    • Fill in 0: means that there is no limit to the maximum value of the stake, and any number of tokens can be staked
    • Fill in a non-zero number: it means to limit the maximum value of the stake, and the number of tokens staked by the user cannot be greater than this value
    • If you fill in non-zero number, you can set the time for removing the maximum stake limit, before the specified time, the stake amount must be less than the set maximum value, beyond the specified time, there is no maximum limit for the stake amount

  3. Lock time:

    • After the user stakes, the staked tokens will be locked in the mining pool contract, and the user can only release the stake when the lockup time is reached
    • Don't fill in' or fill in 0` means no lock, the user can release the stake at any time

  4. Start Time (UTC): When the time is reached, the staked mining starts to generate rewards

  5. End Time (UTC): After this time, stake mining stop output rewards

After filling in the time, the estimated number of reward tokens will be displayed, you must have enough reward tokens to be able to create a mining pool

Next step: Fill in the project information according to your actual situation

Before completing the creation, you need to pay attention to the following points #

  1. Is there a position limit for your staked tokens?

    • If yes, add the displayed mining pool contract address to the restricted position white list, otherwise the tokens staked by the user may not be successfully staked into the mining pool

  2. Is there a position limit for your reward tokens?

    • If yes, add the displayed mining pool contract address to the restricted position whitelist, otherwise you will not be able to inject reward tokens into the mining pool normally when creating

  3. Is your reward token transfer tax deductible?

    • If yes, add the displayed mining pool contract address to the tax rate white list, otherwise you will not be able to inject reward tokens into the mining pool normally when creating
    • If you use the tax rate white list wallet to create a mining pool, even if the mine pool contract address is not in the tax rate white list, you can still successfully create a mining pool, but the users reward collection` will be reduced due to the transfer tax deduction Arrival amount

  4. Does your reward token have an address fission mechanism?

    • If yes, add the displayed mine pool contract address to the tax rate white list, otherwise you cannot normally inject reward tokens into the mine pool when you create it,
    • If you use the tax rate white list wallet to create a mining pool, even if the mine pool contract address is not in the tax rate white list, you can successfully create a mining pool

  5. Summary of the above precautions

    • Add the tax rate whitelist and restricted position whitelist to the mine pool contract address, most of the problems can be solved
    • Transfer tax deduction (including address fission) and unlimited purchases and no position restrictions, can be successfully created using tax rate whitelist wallet
    • No tax deduction for transfer (no address fission) and Limited purchase or position limit, you must add the mine pool contract address to the Limited position whitelist