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BORED 🥱
@bored
An interesting and potentially impossible challenge… 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 doesn’t 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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moory🎩
@moory
some potential strategies to consider: Incentivize Liquidity Providers: 1- Offer Rewards for New LP Providers: Encourage new liquidity providers by offering rewards or incentives. This could be in the form of additional $BORED tokens or other benefits. 2- Create a Liquidity Mining Program: Implement a liquidity mining program where users can stake their LP tokens to earn additional rewards. This can help maintain liquidity while gradually moving funds to the treasury. Token Buybacks: 1- Use Treasury Funds for Buybacks: Use a portion of the treasury funds to buy back $BORED tokens from the market. This can help reduce the circulating supply and potentially increase the token's value. 2- Burn Tokens: Consider burning a portion of the bought-back tokens to further reduce the supply, which can have a positive impact on the token's price. Partnerships and Collaborations: Collaborate with Other Projects and Integrate with defi Protocols
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