THE BITCOIN $FAMILY TOKEN LIQUIDITY GROWING FAST!!
by didi Taihuttu | Dec 1, 2020 | Blog |
Yes we had an amazing November for the $FAMILY token. Our liquidity pool grew to a total of $80,000 of combined FAMILY-ETH liquidity (x8 of our initial liquidity) after we introduced liquidity mining incentives. There were three liquidity providers eligible for November’s rewards and they’ll be getting their share of the 30,000 FAMILY reward pot within this week.
Even bigger NEWS is that after introducing pledge mining last week, 4 individuals have pledged a total of $40,000 to FAMILY-ETH liquidity pool for the next 6 months, which will help our community with stable growth.
DECEMBER LIQUIDITY REWARDS
If you missed November’s liquidity reward, make sure to jump in the pool for December as we’ve allocated a total of 40,000 FAMILY ($5,200) for the reward pot. December’s liquidity mining starts on December 7th 00:00 UTC, so make sure to add your liquidity (minimum amount is $300 of combined liquidity) before then if you want to be eligible.
To make it fair, no liquidity provider will be able to earn more than 35% of the reward pot, regardless of how much liquidity they’re providing. To be eligible for the rewards, you need to provide a minimum of $300 of combined liquidity ($150 ETH + 150$ FAMILY) and the provision has to stand for the whole of December without falling below the $300 threshold (e.g due to price volatility in ETH). Liquidity mining rewards will be distributed at the end of the month (start of the next one), and the minimum threshold and allocated reward pot will be altered based on market action. Starting December 7th at 00:00am UTC, we’ll be taking snapshots of the liquidity pool in order to keep track of who’s providing liquidity and who’s eligible for the rewards. Snapshots will be taken throughout the rest of the month to ensure nobody games the system.
Thanks to all of you Bitcoin Family members for all you trust and support and let’s change this world together!!