Important dates for the SZO token, how we are launching it and what to expect in upcoming roadmaps.
We would like to thank the many community members who has responsed publicly and privately to our earlier announcement and distribution schedules. In this write up, we will layout our launch plans.
I urge you to read our Guides for more information on token, risks and the business.
The Launch: 3rd October 2020 (1400hrs GMT+8, 0600hrs UTC)
Yield farming for SZO will commence from 14oohrs GMT+8 / 0600hrs UTC. From 3rd October 2020, all 3 pools in Dai, USDC and USDT will open for the supplying of liquidity. This will be done through the ShuttleOne SpacePods.
We will announce the URL for this to be conducted a couple of hours to the launch time.
To understand how to provide liquidity please refer to the ShuttleOne Guide on Supplying & Removing Liquidity.
The Liquidity Event: 25th October 2020 (1400hrs GMT+8, 0600hrs UTC)
Roughly 2 weeks after the launch, the Project team will add SZO tokens and 100ETH (subjected to change) liquidity into a Uniswap pool.
SZO will hence commence trading from the above mentioned time.
Of Governance, NFT Trading & Gamifying Liquidity: December 2020
To enhance SZO’s utility and use cases, we will be introducing ShuttleOne’s governance for SZO Holders. While this is still a module in its infancy, I’d like to run thru some of the benefits & responsibilities of SZO Holders should you choose to participate in governance:
- Potentially sharing ecosystem transaction fees paid out in SZO from our network of products.
- Potentially securing our portfolio of loans disbursed against defaults using the value of SZO staked to mitigate risk of concentration in exchange for rewards.
- Potentially sharing a greater APY% generated from real world assets that ShuttleOne will onboard strategically in the future.
NFT & Gamifying Liquidity
To enhance community interaction, ShuttleOne is introducing a set of items that users are able to mix and match to achieve certain socio-economic set of goals:
- To better credit scores in borrowing.
- To group like minded community token holders to achieve higher economic benefits together (think of it as a clan grouping for stronger benefits).
- To vote for certain community changes proposed by the project.
Token holders who earned a certain level of SZO will be granted special permissions in the protocol and rewards. Consequently, SZO holders help secure the network against defaults up much like a blanket of insurance against a portfolio of borrowings.
Token Holders will be able to interact with these conditions and avatars on testnet soon and we hope to release these on mainnet around December 2020.
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