The first project of the Aptos ecosystem airdrop season, and also the largest Dex in the Aptos ecosystem @PontemNetwork will be listed and airdropped on July 30
Airdrop query and claim
👉：http://claim.liquidswap.com
The official Twitter account announced the details of the token economics, with a total of 42 million $LSD, 40% of which will be distributed to the community. The airdrop portion is 15%, of which 5% is a retroactive airdrop, 2% is used for testing $LSD staking, and 8% is used for future incentives.
Airdrop Details:
• 27% allocated to community NFTs, meme tokens, product testers and ambassadors Snapshot date is July 10, 2024
• 49% are early adopters: Liquidswap adds trading and liquidity before the snapshot date of April 7, 2024
• 24% for latecomers: trades and liquidity added to Liquidswap between the April 7, 2024 snapshot date and the July 10, 2024 snapshot date
Holding NFT or MEME will have corresponding multiplier rewards. For more details, please see here: https://pontem.network/posts/liquidswap-lsd-token-first-airdrop
Among them, it is worth noting that a "bot mitigation" method has been proposed, which is actually a relatively loose anti-Witch rule. It roughly means setting a threshold of 5 TXs, 250 U of trading volume or 100 U1 year of additional liquidity. Even if those above this threshold are detected as BOTs, they will still receive airdrops.
(This is indeed very user-friendly. I hope other project parties can learn from it. Thank you very much!)
From a fundamental perspective:
1. Financing: Liquidswap is one of the products created by Pontem, a studio focusing on the Move ecosystem. Pontem has currently raised a total of US$10.5 million.
2. Transaction data: Liquidswap’s cumulative transaction volume has exceeded 1 billion US dollars, and its daily transaction volume accounts for 70% of the Aptos ecosystem, making it the largest Dex at present.
3. Previous achievements of the founding team: Cofounder is Cartesi,
🌟 Overall, it is also one of the projects in the Aptos ecosystem that is worth paying attention to. Because there are not many projects in the Aptos ecosystem that issue coins at present, from this perspective, compared with Solana and other Move ecosystems, it is still in its early stages. There are many subsequent Aptos ecosystem projects including Aries, Amnis, etc. that have not yet issued coins.
About $LSD:
Liquidswap will introduce voting escrow quotas for $LSD through veLSD (similar to veCRV on Curve), providing users with voting rights and benefits, including increased rewards.
🌟Although the official has not specifically stated the benefits of holding and staking, based on past experience:
1. The first potential benefit is that Liquidswap will definitely be deployed on Pontem Studio’s own product-chain abstraction project Lumio in the future (no token has been issued), so it will become one of the references for subsequent Lumio airdrop incentives
2.Liquidswap recently announced that it has been deployed on the testnet of the modular public chain Movement. Yes, that’s right, it’s the recently popular Movement. So those who hold $LSD and stake it may also get airdrops from the Movement ecosystem in the future. This means that it is possible that Movement will give incentives to projects within the ecosystem (refer to other public chains)
3. Will Aptos have a second airdrop? This may still be a big question mark for now. I will just briefly mention it here. Aptos, which all friends are looking forward to, will issue a second airdrop like other public chains. After all, the first airdrop was so good! Everyone still misses it. If compared horizontally with other public chains, the probability of Aptos' second airdrop is still very high. In particular, it can be seen that the Aptos ecosystem has not really taken off yet, and almost all major projects have not issued coins.
With the experience of Solana, it is hard not to think that it will make a breakthrough at some point in the future, but after all, this matter still depends on the official plan of Aptos, and it is just speculation now.
Summarize:
I am still very concerned about the TGE performance of $LSD. The specific reasons have been mentioned before. As the largest Dex in the Aptos ecosystem, the performance of the listed coin is still worthy of attention.
The Move ecosystem is still in its early stages, and many projects have not yet issued tokens. If the public chain really starts to take off, it will definitely be our best opportunity to grow our wealth. In addition, the Liquidswap project is relatively special. It was created by a studio, which means there is more than one product, so $LSD has been given some additional power, especially recently on the popular Movement