Loop Finance continues to be among the hottest projects on Earth, there are so many news on further developments of the DEX and also many changes on the Community front, after unfortunately the fake account numbers created to obtain LOOPR. But let's proceed in order.
IDO
LOOP Finance Initial Dex Offering started yesterday October 18th and will be open until 22nd on StarTerra, here the link https://app.starterra.io/project/loop. 25 million LOOPs will be on sale at the price of $ 0.10 (currently the value is $ 0.777) of which 5% will be unlocked in the first month and the remainder in the following 11 months. The purchase at the moment is really very advantageous, the progressive release was designed to avoid a massive sell off but dilute it over time in order to better absorb any sales. Personally I think that the sale of LOOP today, although the profit is undoubted, may be less advantageous than the future developments of the DEX.
I remember that there will be a second token sale also on Star Terra in November, for a total of 15 million LOOPs, this time blocked for 36 months but the price is even more advantageous, equal to $ 0.025 per token- Stay tuned for more information
FARM
A very interesting feature that will be added soon is the Farm! What is it about? Well, there will be certain pools where each user will provide liquidity and receive LPs. The LPs obtained can be sent to a specific LP Farm and obtain uLF or Loop Farm tokens. The LP Farms will have a certain number of LOOPs that will be divided daily in proportion to the users possessing uLF. Another good news for the long-term investor is autocompounding: the daily rewards will be automatically invested to increase the percentage of rewards progressively. At any time the user can burn the uLFs to get the accumulated LOOPs. An absolutely excellent idea adopted by many DeFi platforms and is the most popular option for investors.
I remember that the Liquidity Airdrop for those providing liquidity to pools in this period was extended to October 28th, the rewards pool was increased to 1.5 million LOOP! You still have time to participate!
Community
The projects that reward users for their involvement in the community with coins or rewards, are unfortunately attacked by fake accounts that have the sole purpose of obtaining rewards in a non-constructive way and selling them on the market. Unfortunately, this bad attitude also arrived on LOOP Finance and it was necessary to drastically intervene by eliminating the rewards in LOOPR for new users with a low profile.
In fact I myself have noticed a lot of fake accounts commenting on my posts with a few sentences of the text and a lot of shitty articles have been posted in the post section. A big opportunity has not been taken by users whose accounts have been banned and now the staff is cleaning up the platform. A community of interactive authors and users can bring great value to LOOP.
Behind every great project, there is a great community.
Posted Using LeoFinance Beta