Launch of and Airdrop on the Crescent (CRE) Network
The "gift that keeps on giving," the latest airdrop in the Cosmos ecosystem has been an especially nice surprise!
Enough so that I stopped what I am working on long enough to write this post about it!
Let's take a closer look ... π§
Step 1 - Crescent Network's DEX and Airdrop #1
To begin, I would like you to know Crescent Network's blockchain has only just launched!
Crescent Network's DEX Launch
To be specific, 7 days ago:
And their first objective was to get both the native (CRE) and bonded version (bCRE) of their base token established on their DEX, as shown above. As we can see, initial weighted incentives have been placed on their LPs with ATOM, LUNA, and UST.
I was particularly pleased to see pairing with the ubiquitous UST (recently "flippening" BUSD into the 3rd largest marketcap stablecoin position, behind USDT & USDC) available, as an option, "right out of the gate!" ππ
Crescent Network's DEX Airdrop
Their airdrop was typical of what we are all experiencing more and more - they designed it to incentivize participation, in stages:
Unlike several I have experienced, this one went very smoothly! Gotta give 'em two thumbs up for that, as it is sad to me how many of these launches can't seem to manage this "mission critical" first step! ππ
"You have one chance to make a good first impression! It's all 'uphill' or 'downhill' from there ..."
[from @roleerob's training of teams reporting to him, in his long professional career ...]
I won't bore you with the details, once these steps were completed, of establishing my LP positions. Anyone familiar with investing into any DeFi platform will find it all very straightforward.
Any of us with any DeFi experience knows how this typically "plays out," right? The "farm token" burns bright for a "few minutes," then "flames out" ... Knowing this and given that I had not made any investment, but was simply benefitting from "free money," I tested how well all on this new DEX worked, by swapping a portion ($250) of my airdrop to UST and transferring it out to my Ledger-backed wallet.
In so doing, I had three objectives:
- Ensuring (as much as that means anything in crypto ...) I had at least some benefit "saved" from this nice airdrop.
- If there was an inevitable drop in CRE, the based token of Crescent's new DEX, give myself the option to DCA back in at lower prices, if that seemed warranted.
- Leave most it in place, to do my small part to help this new DEX succeed, given the initial favorable impression made.
Worked just fine! π
And, as expected, my portfolio value dropped down considerably from there, losing about 40% of its value. But ... Then ("when what to my wondering eyes did appear" π) ... It has started to climb back up! Back to where it is now closing in on exceeding the value of the original airdrop! ππ
My portfolio (Day 1 rewards) in "house money," as this is written?
Way too early to make any meaningful projections, but ... Certainly off to a nice start! π°ππ°
Steps 2 and 3: Crescent Boost and Crescent Derivatives
Wait! We're not done yet! Looking into the doc details (link below), we find that this airdrop is only the beginning.
There are two more planned "major additions" to the Crescent Network, the 2nd of which - Crescent Boost - is "soon" ...
... and, with it, there is a 2nd airdrop linked to its unveling. Will it include several stages to complete? More than likely! But given how well their first phase went, I assume it will be uneventful.
The exciting part is this airdrop will be for the 2nd 50% of the 100 million CRE tokens planned for the uhhh ... "distribution phase" ... of the launch of this new financial sector-based blockchain. In other words, this very pleasant airdrop surprise will soon double.
Excellent news!!
You can learn about both Crescent Boost and the 3rd major feature addition, Crescent Derivatives, in the documentation link below.
DYOR Resources
If you like what you have "heard" so far and feel inclined to take a closer look, dear reader, here are some helpful resource links, to get you started:
- Crescent Network's "A Star is Born" introductory story on Medium.
- Crescent Network's website.
- Crescent Network's Discord server.
- Crescent Network's documentation.
Enjoy! π°ππ°
Closing
So ... Finishing my first POL (proof-of-life π) post in awhile (maybe a little more than awhile ...), it is always nice to be able to write about something positive, as the opportunity to do so seems in short supply these days. While no question it is "early days" yet, I have obviously been impressed enough with how Crescent Network's launch has gone thus far to stop and write this post about it.
As a nice ROI on my current 5-figure Cosmos ecosystem investment, this welcome news increases my motivation to continue working toward one 2022 objective - increase it to a 6-figure stake by EOY. There is a lot to like about what is happening with all of these IBC-linked blockchains, so why not?
Iβd love to hear any feedback you may be inspired to provide.
Until "next time," all the best to you for a better tomorrow, as we all work together to build up our Hive Communities and add increasing value to our Hive blockchain! π π
Respectfully,
Blogger @roleerob
Hive "Dolphin" π¬, LeoFinance "Whale" π, & Man Cave "Dragon" π
π π― π
P.S. I am not a financial adviser. Please consider this post as financial information and / or opinion only. Please perform your own due diligence, in whatever manner seems best to you, if you have found it to be beneficial.
π² No trees were harmed in the publishing of this post! π²
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Lucky to get a very nice drop. $6K + really improved my mood lately. Same as you, I took a little off the table, and I have a split with funds in 4 pool (about $1K in each) being the CRE, UST, ATOM and LUNA pools. My plan is to take half the earnings each day as profit for other things, and compound the other half into whichever pool is the lowest value that day.
Gotta love the airdrop scene in the Cosmos.
Raw coming soon on JUNO for JUNO stakers, Junoswap LP's and some OSMO LP's (just the Juno pairs I think).
EVMOS restarting next week (hopefully it works)
Asset Mantle just dropped (this one was painful, and I didn't post about it)
Probably more that I have missed.
Thanks for sharing mate.
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Ahhh, that's not luck. That's commitment and perseverance!! π
I knew yours would be bigger and I am happy for you. And glad to hear it has improved your outlook. In your situation, very understandable.
We'll see about these others. I "wrote off" dealing with Asset Mantle, so ... π Evmos was supposed to also be very nice, but they "dropped the ball" ... big time ... and one of the ones I was thinking of with the comments in my post.
Did they get it all straightened out and it will now be "smooth and painless?" Guess we'll find out shortly! π
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Thank you @jk6276! π
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Where did you see your airdrop amount or was there a specific way to qualify for it?
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On their Airdrop page, as shown! Which covers both parts of your question ...π
P.S. While the image was correct, I did see my URL to it was not, so it has now been edited. You should be able to click on it and go there ...
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Whoa! That is very cool! I'm sure that's the biggest airdrop I've seen ever. Congrats!
keep on stacking! π
Yep. That's the plan! π
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This is really awesome and nice which is definitely a work well-done and I appreciate every part of it. keep up the good work
Thank you for stopping by and letting me know you enjoyed it!
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Oh wow nice work! There seems to be some really nice offers on the table at the moment.
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Yeah, all of these opportunities in the Cosmos ecosystem have had a very positive effect on my portfolio! π¦π
If you have any thought (maybe already have one?) of setting up your own stake, it is not too late. There is a significant number of airdrops forecast for the coming months.
NFA, DYOR ... π
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Dear @roleerob, Nice meet to you! I was suffering from corona virus. I wonder if you are currently healthy.
Did you say that anyone who joins Crescent Network's blockchain can receive tokens via airdrop?π
I pray for your healthy and happy!
Yes @goldgrifin007, we had COVID-19 last summer and are fully recovered. We are doing fine.
Very sorry to hear you also got sick. I know South Korea prided itself early on with all the measures taken to keep people from contracting it.
Are you fully recovered? Or still sick with it? Are you following what the Chinese are doing to their people right now?
No. To qualify for these airdrops, you have to meet certain criteria. Lots of details, but you must already have invested some money prior to what they call the "snapshot." This is when they check whatever blockchain(s) are part of the criteria, to see how much you invested ...
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