BURN-XTN AMM pool: add liquidity proposal

WavesDAO Funding Proposals
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Dear Waves DAO,

My name is Ivan and I am the founder of BURN-XTN, the project has an AMM megapool on Puzzle Network. The goals of the project are to make profit for the investors, by earning trading fees and increasing the BURN-XTN token value. And a community goal to burn all earned XTN trading fees. The tokenomics are set to ensure that the project always earns trading fees, burns XTN and keeps growing. The project currently has no operational costs (not counting tx fees and my time), so all token sales liquidity and income can stay in the pool.

Improving XTN value will be beneficial for all holders of XTN and stakeholders, such as NSBT, SURF, vested XTN, and all tokens in Neutrino index. Waves DAO treasury has major stake in XTN.

Liquidity providers of the BURN-XTN AMM pool:

  • earn more than 20% APY
  • BURN-XTN token value increased by about 200%

Future plans are:

  • Another AMM pool with Pepe assets, diversifying the risk and earning other tokens.
  • And an alternative staking product for XTN, which will also use BURN-XTN pools.

I suggest to allocate a total of 240k XTN spread over 12 months for adding liquidity to BURN-XTN AMM pool. Minimising risk and prevents pump and dump front-running and invites other investors to join.

Trading income can be claimed anytime, liquidity can be removed anytime.

Ivan
BURN-XTN

BURN-XTN logo 1000
BURN-XTN logo 10001000×1000 77.5 KB

2 Likes
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:fist:Power funding proposal successful! 240.000 $XTN received, 657 $XTN liquidity added to BURN-XTN AMM. 364 more days to go!:fist:
:zap:BURN-XTN listed on @wavescap:zap:
:rocket:2nd AMM pool with 8x @cryptopepeteam created by the project, 3 more by community🚀

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11/9 Last updated
-21,718 Profit in XTN Profit in $ $6,194
Total XTN Price Total $
240,000 Received from WAVES DAO funding proposal $0.03444 $8,266
72,986 Invested in BURN-XTN AMM
167,014 To be invested $0.06645 $11,098
46,585 BURN-XTN AMM LP $3,055
4,271 BURN-XTN x PepeTeam AMM LP $280
412 Other $27

See link Waves DAO BURN-XTN spreadsheet for a better view.

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  • earn more than 20% APY

Pool APY lowered to 12%

  • BURN-XTN token value increased by about 200%

Increased to: 800%

  • Another AMM pool with Pepe assets, diversifying the risk and earning other tokens.

BURN-XTN x PepeTeam, running since July, APY about 4%.

  • And an alternative staking product for XTN, which will also use BURN-XTN pools.

Pivoted to WHIRLPOOL project.

1 Like
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$8,266 Received from WAVES DAO funding proposal
$5,251 LP value BURN-XTN AMMs
$14,831 XTN value in reserve
$11,816 Profit (143%)

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Vote for BURN-XTN token verification WX and receive a share of 1.000.000 BURN-XTN Bounty Airdrop!
Vote now

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Early delivery!

Total received 240,000 XTN, $8,266

Invested 119,671 XTN, $4,121
LPs total value $10,226 at time of transfer
ROI 248%
Profit 148%

Still to be invested 120,329 XTN, current value $11,010

Current achievements:

  • WX verified
  • 2 AMMs on WX
  • 6 AMMs on Puzzleswap
  • Positive price development, new ATH in $ and WAVES
  • On-chain trading competition, finished.
  • On-chain gWX voting rewards, ongoing.

Roadmap:

  • In development, release next month: Unique free lottery, exclusive to BURN-XTN holders
  • NFT series, early next year: Unique index NFT, with exclusive perks.
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Puzzle megapool SC now has function ‘stakeIndexFor’.
Supplied a PZ-burn(=LP token of pool) and auto claims rewards for Waves DAO:

Rewards value more then $322.

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Claimed BURN-XTN LP rewards:

Value $320

Claimed BURN-XTN x PPT LP rewards:

Value $71