# Blitz Labs Blitz Labs is a WEB3 collective dedicated to developing tools, services, and products that make basic crypto activities such as, but not limited to, participating in presales, exchanging tokens, bridging, as simple as possible and without unnecessary complexity. Our ultimate goal is to create a one-stop shop where users can conveniently complete all of their tasks in one site while paying the least fees possible.\ \ Our journey begins with the creation of the $BLITZ token, which will serve as the foundation for Blitz Labs' core products and services. BlitzSale will be the first project launched under the Blitz Labs brand. # $BLITZ token ![](https://2053165687-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FK9ybxbGmhgDViaLl5x6z%2Fuploads%2FEZokRr0AEyggJgl3t9nh%2Fblitz%20gitbook%20token.jpg?alt=media\&token=b870d36b-0e36-4507-a301-dd037dc4e508) *Our native token **$BLITZ** is designed to provide its holders with ever-increasing value and an unlimited upside potential without inflation.* \ $BLITZ is the primary token utilized by the products and services of Blitz Labs. In order to grow the value of the token with price action, scarcity and underlying value; *Blitz* will be a fixed supply token that is deflationary by nature due to the features presented below: * Buy Tax: 0.3% / Sell Tax: 0.3% * Services fees are paid in $BLITZ * Dividends paid out from profit streams coming from Blitz Labs services & products * Buybacks result in a higher price floor and a larger LP $BLITZ will also facilitate Blitz Labs governance and allow holders to contribute to the network's evolution.\ \ **270,000,000** $BLITZ tokens were minted at the token generation event; this is the maximum supply, which will only decrease from the time of launch. There will be no additional tokens minted. \ \ The vast majority of $BLITZ tokens are owned by the community.\ \ Blitz Labs doesn’t have to pay out high farming rewards to incentivize liquidity providers because Blitz Labs owns the majority of $BLITZ liquidity, and as the largest liquidity provider, earns the majority of the LP fees, which is another source of revenue for the Treasury. ## Tokenomics \ **Airdrop -** 177,982,100 $BLITZ\ **Liquidity -** 12,017,900 $BLITZ\ **Community incentives** - 40,000,000 $BLITZ\ **Network growth fund** - 40,000,000 $BLITZ **Circulating Supply - 190,000,000 $BLITZ**\ **Max Supply - 270,000,000 $BLITZ** **Launch Price** - 0.065 BUSD per 1 $BLITZ\ **Launch Market Cap** - $12,350,000 \ \ **Circulating Supply** - the number of $BLITZ tokens in circulation at the time of launch (Airdrop + Liquidity). **Max Supply** - the number of tokens in circulation will never exceed this number. **Airdrop** - Amount of tokens that will be distributed via airdrop to users who deposited $CROWN token into the migration contract. For every 1 $CROWN deposited, the user will receive 100 $BLITZ. **Liquidity** - Tokens that will be used to create the initial liquidity pool. The majority of these tokens will be added to the LP within one week of the launch of $BLITZ, with the remainder going to the Network growth fund. **Community incentives** - Rewards that will be distributed to holders through single-sided staking and the LP farm until dividend staking becomes available. **Network growth fund** - Tokens set aside for partnerships, CEX listings, fees and so on. Blitz will be available for purchase on **May 11th**. At launch, we are aiming to add approximately $1.5M liquidity. Token address: [0xF376807DcdbAa0d7FA86E7c9EAcC58d11ad710E4](https://bscscan.com/address/0xF376807DcdbAa0d7FA86E7c9EAcC58d11ad710E4)
# Treasury The treasury of Blitz Labs is put to work using multi-chain profit-generating strategies in order to increase the funds held by Blitz Labs, which then serves as protection for $BLITZ holders & Blitz Labs interests. Treasury funds may be spent on marketing, development, partnerships, and listings. These funds will be used for additional buybacks in the future, in addition to those made from products and services profits. Until Blitz Labs products and services generate revenue, Treasury funds will be used to cover operating expenses (Opex). ## Proof of funds Majority of our assets are held in our multisig wallet on Gnosis Safe: There is also deployer wallet: # Revenue Distribution System **Profits from *****Blitz Labs***** products and services after the deduction of operating costs (Opex) will be used to achieve three main goals:** • Paying out dividends to Blitz token holders. • Increase available resources for Blitz ecosystem to continue building quality and new income generation avenues for Blitz token holders. • Logistics focused on achieving long-term sustainability and growth. \ ***Blitz***** Revenue Distribution System is set to:** • 42.5% Dividends • 42.5% Treasury • 15% LP (7.5% buyback + 7.5% stables) # Products & Services # BlitzPad **BlitzPad** will be launched in 2 phases — First phase will be as a launchpad. ### What is BlitzPad? It is decentralized launchpad that allows anyone to create their own token, raise capital and kick start a new project with the cross chain presale service in just a few clicks. There is no need for coding; simply navigate through our DApp, design your token, and launch it. BlitzPad also provides a number of other features to assist you with the overall token launch, such as assisting with the listing of your token on DEX, locking your LP, and adding a vesting period for team tokens. BlitzPad will benefit holders in three ways: * By giving access to pre-sales, whitelists and launches that will be conducted using the network of professionals we have through the Blitz Team, * Buybacks will be funded through service fees, * Service fees will be distributed to holders in the form of monthly dividends via BlitzVault. ### Phase 2 will be introduced soon after. Our BlitzPad will have phase 2 services that provide a one-stop-shop for all projects to consult for: advisory, full-stack development and a multi-service support including, but not limited to contracts, tokenomics, marketing, leadership and support on all levels for project needs. While this may seem logical, the crypto community often forgets that we are the very small percentage of the world that took the leap for the decentralized life and crypto often seems like voodoo to most off-chain businesses. So, by providing a valuable and knowledgeable team members who are able to assist off-chain businesses to bridge over, we are able to help projects who are facing obstacles on moving forward. We are given the opportunity here to something special and help more of the world become decentralized. ### Why would someone use BlitzPad when there are other Launchpads available? Massive marketing, the best deals on similar DeFi products, and high-quality services and support will be required. Everything, including fees, branding, and user experience, will have to be better or competitive. A portion of the fees will be returned to the launching project in order to promote BlitzPad during its first month of operation. Soon after launch, an affiliate system will be introduced in which users will be able to refer projects to launch via BlitzPad in order to receive a portion of the raise. However, there is a lot of work ahead of us as a team and as a community to ensure that this platform is used and shared with other communities/users. ### **Services fees** Our protocol will profit from each token creation, presale, token airdrop, token lockup, vesting conducted through BlitzPad DApp. \ \ For example: BlitzPad will receive 0.2 BNB for each new token minted, 1 BNB for each presale created, and 4% of all BNB raised.\ \ Fees will be charged as well on Phase 2 services. # Roadmap ![](https://2053165687-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FK9ybxbGmhgDViaLl5x6z%2Fuploads%2F1uSKBTgikfDsEMkGNapE%2Fblitz%20roadmap.jpg?alt=media\&token=a0085b08-32f3-4e13-935d-9073d5bde9ee) The roadmap currently contains our main short and medium-term plans, as well as high-priority tasks; however, as time passes and new products are introduced, this roadmap will be adjusted for growth.
MilestoneEstimated DateStatus
Whitepaper DocumentationMay 2022✅ Completed
Start of BlitzPad DevelopmentMay 2022✅ Completed
Website DevelopmentMay 2022✅ Completed
Mainnet DeploymentMay 2022✅ Completed
Token Generation EventMay 2022✅ Completed
$BLITZ AirdropMay 2022✅ Completed
$BLITZ TradingMay 2022✅ Completed
$BLITZ StakingMay 2022✅ Completed
CMC ListingMay 2022✅ Completed
CG ListingMay 2022✅ Completed
DefiLlama ListingMay 2022✅ Completed
Debank ListingMay 2022✅ Completed
DappRadar ListingMay 2022✅ Completed
Twitter ContestMay 2022✅ Completed
BlitzLock DevelopmentJune 2022✅ Completed
Treasury Dashboard DevelopmentJuly 2022✅ Completed
Treasury Dashboard DeploymentJuly 2022✅ Completed
BlitzSender DevelopmentAugust 2022✅ Completed
BlitzPad testing & auditsAug - Nov 2022✅ Completed
BlitzVault DevelopmentSeptember 2022✅ Completed
BlitzPad LaunchNovember 2022✅ Completed
BlitzLock LaunchNovember 2022✅ Completed
BlitzVault LaunchJanuary 2023🗓 Scheduled
BlitzSender LaunchJanuary 2023🗓 Scheduled
Partnership Announced
CEX listing
BlitzSwap
BlitzBridge
2,500 $BLITZ HoldersMay 2022✅ Completed
5,000 $BLITZ Holders
10,000 $BLITZ Holders
20,000 $BLITZ Holders
50,000 $BLITZ Holders
100,000 $BLITZ Holders
# Contracts ### **Smart contracts** * Blitz Token: [0xF376807DcdbAa0d7FA86E7c9EAcC58d11ad710E4](https://bscscan.com/address/0xF376807DcdbAa0d7FA86E7c9EAcC58d11ad710E4) * Blitz-BUSD LP token: [0x000d27d4DfB3e336a6462A3435C3dd3953391bb7](https://bscscan.com/address/0x000d27d4dfb3e336a6462a3435c3dd3953391bb7) Deprecated: * Blitz Staking: [0x8a6297d1df7d0c84f0d5f600fe601b6d9ce32f53](https://bscscan.com/address/0x8a6297d1df7d0c84f0d5f600fe601b6d9ce32f53) * LP Farming: [0xafcee27282dfc68eb4b7aecbfdffa1fa8a04dbf7](https://bscscan.com/address/0xafcee27282dfc68eb4b7aecbfdffa1fa8a04dbf7) # Links * **Website** * **Twitter** * **Discord** * **Telegram** * **Telegram announcements** * **Medium** * **Buy $BLITZ on PancakeSwap** * **$BLITZ Chart** [ ](https://dexscreener.com/avalanche/0x39912D83acb4A373321387300f4FBE88Aa5d6F14) * **Staking** * **Add LP** # Guides # Configuring MetaMask Wallet ## Add BSC Network using BscScan Create a MetaMask Wallet using either a desktop computer or an iOS/Android mobile device, then add BSC network to your wallet. * Go to [BscScan](https://bscscan.com/), * Scroll down to the bottom of the Page, * Press 'Add BSC Network', * Press 'Approve'. That will allow you to buy, sell, send, and receive BLITZ. ![](https://2053165687-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FK9ybxbGmhgDViaLl5x6z%2Fuploads%2FlWFcfCsyuNPnheLJWh29%2FBlitz%20Add%20BSC%20Network.gif?alt=media\&token=c899caa3-6cdf-453d-a6fd-4c43994294a4) ## Manual Configuration # How to buy $BLITZ Below is a guide on how to purchase a token using BUSD or BNB. ### I. Send BNB to your wallet You can buy BNB directly on MetaMask, transfer it to your MetaMask Wallet from exchanges like KuCoin, Binance, or bridge your funds from the other chains, then use it to buy BNB. Make sure to use the BEP-20 network when transfering BNB. ### II. Go to PancakeSwap using our official pair - [**link here**](https://pancakeswap.finance/swap?outputCurrency=0xf376807dcdbaa0d7fa86e7c9eacc58d11ad710e4) ### III. Swap BUSD for BLITZ You can start swapping as soon as you have BUSD available! ![](https://2053165687-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FK9ybxbGmhgDViaLl5x6z%2Fuploads%2FYa2ApwZsuTfRkdHshopZ%2FBlitz%20how%20to%20buy%20BUSD.gif?alt=media\&token=5f1fffbc-b268-4e86-a9d1-fd42949af9ff) 1. Go to PancakeSwap - direct link to our official pair is [**here**](https://pancakeswap.finance/swap?outputCurrency=0xf376807dcdbaa0d7fa86e7c9eacc58d11ad710e4) 2. Make sure the input currency is BUSD. 3. **Set the slippage on 0.5%** ⚠️ 4. Select the amount of BLITZ you want to swap for. Then click "Enable BUSD" and sign the transaction. 5. After the "Enable BUSD" transaction has been processed successfully, click "Swap" and sign the transaction. 6. You should see BLITZ in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add BLITZ contract address to your wallet. ### IV. Swap BNB for BLITZ You can start swapping as soon as you have BNB available! ![](https://2053165687-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FK9ybxbGmhgDViaLl5x6z%2Fuploads%2FPxeiBbuFpJF6f7E81aZ4%2FBlitz%20how%20to%20buy%20BNB.gif?alt=media\&token=243df2ff-490e-406a-a88b-025b022818fc) 1. Go to PancakeSwap - direct link to our official pair is [**here**](https://pancakeswap.finance/swap?outputCurrency=0xf376807dcdbaa0d7fa86e7c9eacc58d11ad710e4) 2. Make sure the input currency is BUSD. 3. **Set the slippage on 0.5%** ⚠️ 4. Click "Swap" and sign the transaction. 5. You should see BLITZ in your wallet balance now after the swap transaction is successful. If you cannot find it in your wallet, add BLITZ contract address to your wallet. Because BLITZ is paired with BUSD, your transaction will be routed through this Stable Coin. You can eventually convert your BNB to BUSD and then buy BLITZ directly with BUSD. # How to add LP 1. Go to 2. Connect your wallet to PancakeSwap. 3. Enter the number of Blitz tokens you want to add to LP; you will be automatically quoted the amount of BUSD needed to add liquidity. 4. Click on enable BLITZ. 5. Click on enable BUSD. 6. Click on Add liquidity. 7. Add LP token to your MetaMask wallet. BLITZ-BUSD LP token: [0x000d27d4DfB3e336a6462A3435C3dd3953391bb7](https://bscscan.com/token/0x000d27d4dfb3e336a6462a3435c3dd3953391bb7?a=0xDfC2809FaBAA6d919AF0c617989f658614Af838b) # Audits * [Solidity Finance audit](https://solidity.finance/audits/BlitzToken) * [Solid Group audit](https://audit.solidgrp.io/audits/BlitzLabs) # Blitz in Press **Bloomberg** \ \ \ **NASDAQ** \ \ \ **MarketWatch**\ **DigitalJournal** \ \ \ **Benzinga** \ \ \ **TechBullion**\ \ \ **APnews**\ \ \ **Yahoos**\ # FAQ {% hint style="info" %} BlitzMiner is an Advanced dAPP, please read all documentation carefully and \ Be sure to read the usage guide! {% endhint %} ### What is BlitzMiner? BlitzMiner is an advanced BUSD mining platform where you deposit BUSD into the protocol, and earn BUSD back at a daily % rate. This rate is dependent on multiple factors. Owning BLITZ tokens gives you additional bonuses using the miner. When you start earning BUSD, you can either re-mine (compound) or claim your rewards through our dAPP. To ensure sustainability there is a withdrawal penalty of 60% when claiming outside of the optimal 6-1 strategy. The 6-1 strategy is compounding 6 days and claiming on the 7th. All compound and claim functions can also be optionally automated for the ultimate set & forget investment. BlitzMiner takes into account all the latest developments in the miner meta such as earnings auto-compounder, extra sustainability mechanics, token integration, bounty rewards. Website: ### What is the price of BlitzMiner? BlitzMiner does not have a set price. The higher the TVL, the more BlitzMiner you receive per BUSD spent. The Lower TVL, the less BlitzMiner you receive. There is no calculator available. The contract is written to provide an optimal entry for any and all users, new or old. This is the reason the BlitzMiner per BUSD amount changes frequently with TVL fluctuation to provide an even playing field for any new user coming to BlitzMiner and not giving the first user/s a headstart. ### How much can I earn with BlitzMiner? The daily percentage is up to 8% which is dependent on several factors such as how often people are claiming rewards, the time of day you re-mine or deposit, and TVL fluctuation. BlitzMiner has many special features that maximize the rewards and sustainability for everyone. For example having mandatory compounding and rewards cutoffs ensures no one can abuse the system and stray from the 6-1 strategy. ### **Can I get my initial back?** BlitzMiner is a locked rewards pool. You earn your initial back over time through the rewards in the dApp. ### **How do referrals work?** If you refer a friend you will earn 8% of the BUSD used to buy BlitzMiner in referral rewards, an additional 1.2% can be earned trough the various $BLITZ bonus tiers for a total of 9.2%.\ \ This feature will be available one hour after the launch, and users will be able to create their own referral link. For the first hour after the launch this fee will be collected by the Blitz Labs treasury and used to buyback $BLITZ tokens and develop the Blitz Labs ecosystem. ### **What are the fees?** There is a 5% fee on BUSD deposits and withdrawals. These fees are used for the improvement and sustainability of the Blitz Labs ecosystem. 60% fee for early withdraw, compound multiplier not reset for early claim! Standard BSC network gas fees are required for EVERY transaction including deposits, claims and re-mines/compound. ### **How does the auto-compounder work?** Participants that have an initial deposit of 250 BUSD or more can opt-in to use the auto-compounder feature. The 250 BUSD does not have to be your first deposit, but encompasses all your deposits. This feature will automate all the compound and claim actions for the user meaning no manual action has to be taken anymore to follow the 6-1 strategy. Using the auto-compounder feature comes with an automation fee of 1% per compound or claim, so for example if you are automatically sent 100 BUSD on your claim day, or compound it, 1 BUSD is taken as a fee.\ \ Auto-compounding moments are done twice per day around 3:00 AM/PM EST. You can enable/disable auto-compounder at any time, but it will reset your 6-1 progress. When first enabling auto-compounder it will take up 12-23+ hours to sync up to the auto-compounding schedule, see the following examples: 1. You enable auto-compounder 1 hour after the previous compounding moment: You will sync up to the compounding schedule in 11+12 hours. 2. You enable auto-compounder 1 hour prior to the next compounding moment: You will sync up to the compounding schedule in 1+12 hours.
Auto-compounder will follow the 6+1 strategy: compounding for 6 days and claiming on 7th with no withdrawal penalty. All fully automatic, no input required. On your 7th day of auto-compounding your compound multiplier timer will show 00:00:00 for 12 hours as your full daily rewards build up. To deposit additional BUSD after auto-compounder is enabled you first have to disable auto-compounder (you can then re-enable it again after the deposit) Do note however this resets your compound schedule! For uninterrupted extra deposits depositing with secondary wallet or on the claim day is recommended. There is automation fee of 1% per compound/claim. ### What is the Auto-compounder BOUNTY? In the blockchain, in fact, nothing happens automatically until someone performs a transaction that triggers a given function, in this case auto-compounding. In other projects of this kind dev calls auto-compounding function every x hours. We present **BOUNTY** functions to encourage investors to participate in the life of BlitzMiner and to reward them in addition. **So, how does this work?**\ \ You, as an investor (which bought at least 250 BUSD of BlitzMiner), can trigger auto-compounding for everyone in exchange for a **permanent 0.1 percent compounding boost**.\ \ This function can be called every 12 hours on first come first served basis.\ Same address can't trigger this function twice in the row.\ Max 5 bounty per address. ### How do I make another deposit with auto-compounder enabled? {% hint style="danger" %} Depositing more BUSD while auto-compounder is turned on cannot be done without disabling auto-compounder first. Disabling auto-compounder resets your current 6-1 cycle and multiplier bonuses. {% endhint %} **Solution: deposit BUSD using a different wallet so you do not reset your rewards cycle.** Alternatively, you can follow the below steps: 1. On your 7th day of auto-compounding (claim day), click the '**Disable Auto-compounding**' before your rewards timer runs out. To be safe, do this with at least 30 minutes remaining on the timer (00:30:00). 2. Wait until you have 30 minutes (00:30:00) remaining on your rewards timer. 3. Manually claim your rewards using the '**Claim current rewards**' button. 4. Approve BUSD for the amount you want to deposit first. Enter the amount of the BUSD you want to deposit and hit the '**Buy BLITZMINER**' button. 5. Click '**Enable Auto-compounding**' to re-enable auto-compounding. ### **Blitz token integration and bonus tiers** Holding the Blitz token gives extra bonuses in a tiered system. Every compound will increase your compound bonus by the amount of the tier you are in. For example if you are on your 4th compound and have 68000 Blitz tokens (tier 5) you will have a compound bonus of 4%. The maximum bonus that can be achieved with tier 5 is 12.1% on the claim day. After a compound cycle of 11 compounds this bonus is reset. * **Tier 1**: 5000 BLITZ gives a stacking 0.1% compounding bonus with each compound up to 1.1% * **Tier 2**: 15000 BLITZ gives a stacking 0.2% compounding bonus with each compound up to 2.2% * **Tier 3**: 22000 BLITZ gives a stacking 0.3% compounding bonus with each compound up to 3.3% * **Tier 4**: 34000 BLITZ gives a stacking 0.5% compounding bonus with each compound up to 5.5% * **Tier 5**: 68000 BLITZ gives a stacking 1% compounding bonus with each compound up to 11% An additional stacking 0.1% compounding bonus up to 1.1% is given as a loyalty bonus to anyone who holds over 34000 Blitz tokens. This loyalty bonus stacks with the bonus tiers.\ \ Extra referral bonuses based on the number of Blitz tokens held, increasing referral bonus to 9.2%! Part of taxes will be used to buyback $BLITZ and support the Blitz Labs ecosystem. {% hint style="danger" %} To be eligible for the tier bonus, you must have tokens in your wallet; staked tokens are ineligible. {% endhint %} ### **Is this sustainable?** Yes, as long as there is TVL in the contract then there will always be rewards. BlitzMiner is the latest development in miner contracts and has the following features aimed specifically at sustainability: 1. A 24 hours earnings accumulation cut-off, 2. A mandatory compound system where if a claim is made before someone has compounded 11 times a withdrawal penalty is paid, 3. This withdrawal penalty of 60% is locked into the contract as TVL. ### **What is the best yield strategy?** We recommend compounding/re-fueling for 6 days, and claiming once a week. Taking into account the mandatory compound system this means that if you are not using the auto-compounder feature (which automates all actions) compounding every 12-14 hours will result in a claim window on the 7th day. ### **I bought 100 BUSD worth of BLITZMINER but i only see xxxx BLITZMINER, where did my BUSD go?** The BUSD is automatically used to hire miners, which create your BlitzMiner yield. ### **Can I track my referrals?** Yes, the BlitzMiner BUSD miner shows your total referral rewards and your referral count. All other data and transactions are publicly available on BscScan. ### What happens to my earnings if I make a new deposit? If you have earnings that have been unclaimed these will automatically be compounded when you make another deposit. ### My rewards are gone after compounding moment, what happened? Compounding is the process in which an asset’s earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This means your current rewards were re-invested (into BLITZMINERs). As a result, you have more BLITZMINERs, meaning your daily yield is higher, meaning you will get more BUSD on day 7th of the cycle. ### # Guide ## Guide: Connect your wallet with the button on the top right. **Step 1: Approve BUSD**\ \ No unlimited approvals are used, so for every deposit a new approval is required .\ \ **Step 2: Deposit BUSD**\ \ All deposits are tallied under 'initial deposit'. So if you would deposit 2x 125 BUSD the initial would be 250 BUSD and you would qualify for automation. \ To deposit additional BUSD after auto-compounder is enabled you first have to disable auto-compounding (you can then re-enable it again after the deposit). Do note however this resets your compound schedule. For uninterrupted extra deposits this is best done with a secondary wallet or on the claim (7th) day.\ \ **Step 3 (optional when more than 250 BUSD deposited): Enable auto-compounding** You can enable/disable auto-compounding at any time, but it will reset your 6-1 progress when you do. Auto-compound moments are done twice per day around 3:00 AM/PM EST. When first enabling auto-compounding it will take up 12-23+ hours to sync up to the auto-compounding schedule, see the following examples: 1. You enable auto-compounding 1 hour after the previous auto-compound moment: You will sync up to the auto-compounding schedule in 11+12 hours. 2. You enable auto-compounding 1 hour prior to the next auto-compound moment: You will sync up to the auto-compounding schedule in 1+12 hours. If you enable auto-compounding this will be the last step. All tier bonuses and multipliers will be automatically applied during auto-compounding and your rewards will be sent on the 7th day after having built up 24 hours. \-- Next steps only apply if you did **not** enable auto-compounding -- Step 4: By (auto-)compounding you increase your current Compound multiplier. Your compound multiplier multiplies your Blitz token bonuses on every compound. A total of 11 compounds is required to remove the 60% early withdrawal fee, this ensures everyone follows the optimal 6-1 strategy. There is a 12 hour cooldown between compound multiplier step increases, this is reflected with a timer in the dAPP.\ (If you enabled auto-compounding your compound multiplier step will show as 11 for 3 cycles, this is normal) Step 5: When 11 compound steps have been completed the 60% withdrawal tax will be removed and you can claim your earnings. Be sure to have your rewards build up the full claim day so they match your estimated daily yield! The box 'current rewards' is what is claimed not the estimated daily yield below it! Claiming will reset your compound multiplier and withdrawal tax. If you get the error: BEP20: transfer amount exceeds balance' You are trying to transfer more BUSD than you have in your wallet (make sure you look at the BUSD amount in your wallet not the USD amount it is worth as BUSD is often worth just over a cent on the exchange). Referral rewards are paid out to the referrer's wallet in BUSD instantly. ### Blitz Token integration: A stacking compound bonus up to 12.1% if you hold 68000 Blitz tokens! When compounding every 12 hours (or autocompounding) you will go up a tier with each compound up to a maximum of 11, as described in step 4! The maximum tier gives a 3% bonus. What tier you can reach depends on the on number of Blitz tokens held: * Tier 1: 5000 BLITZ gives a stacking 0.1% compounding bonus with each compound up to 1.1% * Tier 2: 15000 BLITZ gives a stacking 0.2% compounding bonus with each compound up to 2.2% * Tier 3: 22000 BLITZ gives a stacking 0.3% compounding bonus with each compound up to 3.3% * Tier 4: 34000 BLITZ gives a stacking 0.5% compounding bonus with each compound up to 5.5% * Tier 5: 68000 BLITZ gives a stacking 1% compounding bonus with each compound up to 11% An additional stacking 0.1% compounding bonus up to 1.1% is given as a loyalty bonus to anyone who holds over 34000 Blitz tokens. This loyalty bonus stacks with the bonus tiers.\ \ Extra referral bonuses based on the number of Blitz tokens held, increasing referral bonus to 9.2%! ### How do I make another deposit with auto-compounding enabled? Depositing more BUSD while auto-compounder is turned on cannot be done without disabling it first. Disabling auto-compounding resets your current 6-1 cycle and multiplier bonuses. You can counteract this by following the below steps: 1. On your 7th day of auto-compounding (claim day), click the '**Disable Auto-compounding**' before your rewards timer runs out. To be safe, do this with at least 30 minutes remaining on the timer (00:30:00). 2. Wait until you have 30 minutes (00:30:00) remaining on your rewards timer. 3. Manually claim your rewards using the '**Claim current rewards**' button. 4. Approve BUSD for the amount you want to deposit first. Enter the amount of the BUSD you want to deposit and hit the '**Buy BLITZMINER**' button. 5. Click '**Enable Auto-compounding**' to re-enable auto-compounder. # $BLITZ staking ![](https://2053165687-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FK9ybxbGmhgDViaLl5x6z%2Fuploads%2FXFxTyHNXHYc8viSF8M3X%2Fblitz%20gitbook%20staking.jpg?alt=media\&token=2271a5a4-ec0b-4b42-8f40-48a879a29d6d) **The information below is outdated because staking no longer yields benefits. Please don't stake your tokens; doing so will result in no rewards.** ## BlitzStaking For a limited time, $BLITZ single-sided staking and LP farming will be offered to the $BLITZ holders while our services and products are launched and begin to generate revenue. ### Single-sided staking * Duration: Up to 5 months * Stake: $BLITZ * Earn: $BLITZ * Pool rewards: 10,000,000 $BLITZ ### LP farming * Duration: Up to 5 months * Stake: $BLITZ - BUSD LP * Earn: $BLITZ * Pool rewards: 30,000,000 $BLITZ ## BlitzVault Single-sided staking and LP farming will be phased out after five months, and ***inflation-free staking*** will be implemented: * Zero (0) Inflation — rewards paid out monthly in Stable Coins (USDC/MIM/USDT/BUSD/etc) * Staking Tiers (1/3/6/12 month) * The longer a user keeps their tokens in lock-up, the higher their dividend share will be.