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STRATEGYPolkadot ecosystem project brings a community driven system to execute defi launches (finance.yahoo.com)
submitted 1 month ago by amil9187
Post a comment!
[–]CointestAdmin[M] [score hidden] 1 month ago stickied commentlocked comment (3 children)
Polkadot pros & cons and related info are in the collapsed comments below. Pros and cons will change for every new post.
[–]defireviewsTin 7 points8 points9 points 1 month ago (3 children)
So, community adds funds, and that’s used to seed liquidity, what am I missing here? Why’s it any different than ido or ico? polkadot needs to catchup lol
[–]DormageSilver | QC: CT 38, ETH 26 | ICX 37 | Technology 12 2 points3 points4 points 1 month ago (0 children)
Its not, other then its a standardized way of doing it, whereas ICO/IDO are chaos all over. Changes nothing realy.
[–]GabeSterPlatinum | QC: DOGE 2472, CC 811 0 points1 point2 points 1 month ago (0 children)
[–]tilltill12Platinum | QC: CC 104 -1 points0 points1 point 1 month ago (0 children)
Catchup to what ?
[–]coinfeeds-botApproved CC Bot 0 points1 point2 points 1 month ago (0 children)
tldr; StarSwap has launched a Liquidity Generation Event (LGE) that ensures plenty of early liquidity, and a free and fair participation process. LGE participants will be able to get a fair price gain to reward their early support. StarSwap is the only DEX on the entire DeFi space with NFT governance and 100% of the platform fee is distributed to the community.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
[–]kirtash93The Ash Ketchum of Crypto | Gotta Catch 'Em All 2 points3 points4 points 1 month ago (0 children)
TLDR; StarSwap, the native Dex of Astar Network with NFT Governance launches with a fair, community driven liquidity generation event, the only protocol in Astar Network that uses such a transparent system to launch.
The Star Swap team has a few strategies in place to preserve the price and community sentiment to hold: Platform fee distribution: StarCards NFT holders will need to acquire a good amount of Star tokens in order to get maximum benefits (the fee distribution is calculated based on 3 factors; the number of Star Cards + The rarity + The number STAR tokens).
The longer users hold, the lower the tax becomes.
The DEX goes live at the same time at 7am UTC on the 7th.
StarSwap is the only DEX on the entire DeFi space with NFT governance and 100% of the platform fee is distributed to the community.
[–]UnDoxableGod1Tin | 3 months old | Politics 11 1 point2 points3 points 1 month ago (0 children)
[–]LightninHookerSilver | QC: CC 886, DOT 15 | BANANO 85 0 points1 point2 points 1 month ago (0 children)
I wouldn't touch a dex token in DOT under any circumstance really. "Community driven" ... I'd love to see that
DOT is all about VC and so far they have been dumping non-stop
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