Revised Qubit Launch Protocol and Qubit Testnet
In order to ensure a maximum level of security, Team Bunny is revising its protocols for new product launches. Qubit will be the first product to launch under our enhanced security protocol. Please read on below for further details regarding the new Qubit Launch Protocol and the introduction of the Qubit Testnet.
Thank you Bunny Fam, as always, for your steadfast support, and remember — Keep Calm and HOP ON!.
1. Revised Launch Protocol for Qubit
In order to maximize security, Team Bunny is implementing a revised Launch Protocol for Qubit. Qubit is already under a comprehensive audit, and we expect the audit to be completed by early September. Consequently, we will be postponing the launch of Qubit until the audit is complete.
However, we fully recognize that participants in the pre-Launch Liquidity event were not expecting their QBT-BNB to be locked up until early October. Therefore, we will be greatly reducing the duration of the lockup of your QBT-BNB tokens from 30 days after launch (which would have been until October) to a mere 3 days or 72 hours after the QBT-BNB Pool goes live on PancakeBunny at 00:00 on July 19 UTC.
The QBT-BNB Pool was originally to have gone live simultaneously with the launch of the Qubit Live Service, but Team Bunny has decided not to postpone the QBT-BNB Pool in order to allow pre-launch event participants 1) to be liquid as soon as possible and 2) to enable event participants and new users to pre-mine QBT rewards before Qubit launches in September.
Finally, as part of the revised launch protocol, the period to mine the 25,000,000 QBT tokens in bonus farming rewards that was committed by the Team will be extended from 30 days to 60 days in order to incentivize the provision of liquidity to QBT through the early weeks of the launch of the Qubit service, which is now targeted for early September.
2. Introducing: Qubit Testnet
As part of our revised launch protocol, the Team will launch Qubit on the BSC Testnet. The purpose of launching Qubit on the Testnet is to give interested users a preview of the Qubit Live Service and to give testers and bounty hunters the opportunity to evaluate our Qubit contracts before we launch Qubit on the BSC Mainnet. Everyone is welcome to try Qubit on the BSC Testnet and a “How To Guide” will be published soon.
3. Concluding Remarks
As always, Bunny Fam, we are profoundly grateful for your continued trust and support. Please stay tuned for more details on how to participate in the Testnet service and the tokenomics of Qubit. And please feedback to us with all of your questions and comments as we launch the necessarily extended period of pre-mining. Thank you, and remember — Keep Calm and HOP ON!
Qubit Finance is a DeFi lending protocol, developed by the team Qubit and brought to you by Mound. Users can freely deposit various virtual assets and borrow virtual assets using the deposited amount as collateral, where interest is automatically calculated by the smart contract protocol.
PANCAKEBUNNY delivers best-in-class auto-compounding yields (currently of up to 250%) on the Binance Smart Chain. Launched in December 2020, Pancake Bunny has now accumulated over USD 600 Million in Total Value Locked (TVL). In the past 30 days, PancakeBunny has seen an average of 73,000 Daily Active Users (DAU). With the recent launch of its cross chain Multiplexer, PancakeBunny now enables double-farming on Ethereum and BSC by using asset-mirroring instead of bridging to create assets for farming on the target blockchain. For more information about Pancake Bunny, visit: https://pancakebunny.finance
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