Market situation 📊
• 1st reason: extremely intense injection of liquidity in the last few years. About 40% of all printed US dollars were printed in the last couple of years. When US reversed the quantitantive easing liquidity starting going away from the global markets.
• 2nd reason is terror Luna crash.
it’s simple: staking rates in dollar terms now increased, so liquidity moved there from all other places.
In crypto winter is cheaper to hire new developers, and marketing is also 5-6 times cheaper so it’s a good time for us. By the way we missed only about 10% of liquidity on the FlatQube DEX.
What to do with 1 billion of tokens? 💰
Should we burn 1 billion tokens we have?
Now after DAO voting we know the network obligations, so there are about 500-600 million free tokens.
The idea is to set up a pair EVER to StEVER and freeze up to 300 mln tokens in this liquidity.
The idea is to stop emission and use tokens for the fund of validators, it means that it will be
a limited supply.
Now it's a good balance of tokens — 40% locked/60% in use. We have some overhead for the development. Burning liquidity is an irreversible process. So all decisions with the supply should be done very carefully with the strong calculation.
Main features ⚙️
• We are on the process of listing on the Coin Store platform popular in Malasia and Indonesia. The same first with ERC-20, next with native token.
• Elysium hackathon from Broxus is starting in online and offline form. The website is coming
• The nearest feature to come is the merge of the tokens. Merger procedure will be announced soon. You will be able to match different tokens from different networks being one and single token.
• 95% ready of the Bridge with Solana:
We will announce founds who want to invest in GameFi projects in 2 weeks.
Flex needs more features and will launched a little bit later.