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.