AMA session with EverX, Broxus, and DeFi Alliance representatives held yesterday in English.
Market situation ๐
Alex Filatov
• 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.
Pavel Prigolovko
it’s simple: staking rates in dollar terms now increased, so liquidity moved there from all other places.
Sergey Shashev
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? ๐ฐ
Should we burn 1 billion tokens we have?
Sergey Shashev
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.
Pavel Prigolovko
The idea is to stop emission and use tokens for the fund of validators, it means that it will be
a limited supply.
Nikita Inshakov
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 โ๏ธ
Nikita Inshakov
• We are going to have native EVER on the Kucoin and Huobi exchanges in july-august.
• 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.
Vladislav Ponomarev
• 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:
Sergey Shashev
We will announce founds who want to invest in GameFi projects in 2 weeks.
Alex Filatov
Flex needs more features and will launched a little bit later.