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BORED š„±
@bored
An interesting and potentially impossible challengeā¦ 8 months ago the $BORED token launched on @base, with almost the entire pre-raise going towards a locked liquidity pool. Now, as you can see, that LP is way too big relative to market cap. This makes no sense and doesnāt help the community. The token which was launched via @partydao does earn the treasury fees from trades, but volume is quite low. The goal here is to move as much of the funds from LP to treasury, so if anyone has creative and ethical ideas, please let me know and a generous reward may be coming your way.
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š„HotZoneCcš„
@hotzonecc
āš§Here are a few potential strategies to consider: Token Buyback and Burn: The project could buy back tokens from the liquidity pool and burn them. This would reduce the circulating supply and potentially increase the tokenās value. Liquidity Pool Redistribution: Gradually reduce the liquidity pool size and redistribute the funds to the treasury. This can be done by setting up a schedule to withdraw a small percentage of liquidity over time. Incentivize Trading: Introduce incentives for trading, such as rewards or lower fees for high-volume traders. This could increase trading volume and generate more fees for the treasury. Partnerships and Collaborations: Form partnerships with other projects to create new use cases for the token. This can drive demand and increase trading activity. Community Engagement: Engage the community in decision-making processes. Crowdsourcing ideas and voting on proposals can lead to innovative solutions and increase community trust and involvement. Good luck, friends!
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