If you understand DeFi, You have to understand Decentralized Liquidity.
I find buying rugpulls to be the second most agonizing pain after being hungry.
Guess what, though? It occurred to me as frequently it rains in a rain forest.
It was a torturous and intolerable custom that hurt both my wallet and I.
I would not wish such experience on my worst enemy.
During that period, I thought a lot on how DeFi would remain a myth without Liquidity; thankfully, it isn't so.
But what happens when your liquidity is not safe? Let’s take a look at “Decentralized Liquidity.” A new paradigm by
@linq_group.
@linq_group introduces a fresh approach to how liquidity is distributed amongst it’s token ($LINQ) holders.
The first bullish sign for me - "COMMUNITY DRIVEN"
What does this mean?
There’s no monopolization of the funds by a single entity. A developer no longer holds majority of the tokens and thus cannot decide whether to sell off or pull liquidity from the liquidity pool.
A moment of silence for the funds I lost🥲
The first mechanism leveraged by
@linq_group in achieving this is the swap-based liquidity provider token creation and distribution mechanism gotten from v2uniswap framework. LP tokens represent your share in the liquidity pool where you provide liquidity in other DEX’s.
But with this mechanism integrated by
@linq_group, LP tokens are distributed across hodler's of
$LINQ token; this is referred to as LINQUIDITY.
How are these LP tokens created?
@linq_group has a 6/6 swap tax where 3% of every swap is used to create LP tokens that are eventually distributed and the other 3% as ETH for lock staking rewards.
It doesn’t end there; I agree that this is a great innovation but how sustainable is it?
Let’s see Mechanism 2;
When you claim LP tokens you have the option to time lock (stake for a period of time), this is where the 3% in ETH for staking rewards comes in. The higher period of staking, the higher rewards.
While
@linq_group has unarguably factored on providing solutions that would improve liquidity security and distribution, it also recognizes challenges in areas that could ultimately affect liquidity inflow.
A look into Phase 1
$LINQ TOKENOMICS;
- Token Ticker:
$LINQ
-Token Tracker:
etherscan.io/token/0x3e34eab… ERC-20
-Supply: 100,000,000
6/6 tax ( 3% to LP community claims, 3% for LP staking Eth rewards & Development)
There is no set amount dedicated to the dev portion.
-Deployer Wallet:
etherscan.io/address/0x09eef…
Social-Fi;
It took me a whole month to figure out how to use Discord and till now I still do not get the hang of using X, now imagine how much time it took for me to understand other tools I need for research?
As a researcher, a builder or investor it is important you keep up with these tools to have first mover advantage as a result of change in trends.
@linq_group would as serve as a hub for both investors and builders in the crypto space; Some of the features would include Private chatrooms, token listings, easily access to gateways for users to purchase crypto and deposit funds in their
@linq_group wallets using their credit cards.
Here's a rundown of everything said so far:
-You get access to a share of the liquidity of
@linq_group through L.P tokens by buying and hodling
$LINQ.
This is a method of decentralizing liquidity.
-You can also stake these claimed LP tokens to earn ETH thus providing a passive income stream.
With this innovation we’ll see;
-positive impact in price stability
-reduced sell pressure in market panic
-passive income
Check
@linq_group out in the LINK below:
(Hopefully, you get the joke 📷)
linktr.ee/linqgroup
Thank you
@samuelxeus and
@linq_group
Doing this research was fun for me.
If you enjoyed this then;
Like, rt and follow.
Don't forget to Bookmark!