Weekly Roundup — August 2nd, 2021
Dear Lympo Community,
What a week we’ve had, so let’s dive straight in! Don’t forget to read until the end, because we have an important message for you in our last section. Here we go.
Last week’s recap
LMT is now listed on DigiFinex Global
DigiFinex Global is the first CEX that has listed our LMT token! Since July 29th, you can now buy LMT directly with USDT through the LMT/USDT trading pair.
DigiFinex Global is ranked as the 8th biggest exchange according to Coinranking, with over US$2B in daily volume. And to celebrate our first CEX listing, we partnered with DigiFinex Global to give away 20,000 LMT via 3 different events that run from 29 July 29th until August 4th. More info can be found here.
New $LYM liquidity pools on SushiSwap
We’ve launched 2 new liquidity pools on SushiSwap! You can now stake $LYM in a $Tower — $LYM liquidity pool and in a $WETH — $LYM liquidity pool!
Here are the links to the different liquidity pools:
New Minting Pool Revealed: Get A REVV Racing Car And Win $150k in Prizes!
After our Athletes and o’Lympians NFT minting pools, we’re super excited to have launched a brand new minting pool in collaboration with REVV Racing, a blockchain game by Animoca Brands.
Now, you’ll be able to stake your LMT and REVV tokens to receive REVV Motorsport car NFTs. These NFTs can be used to earn valuable rewards in the REVV motorsports ecosystem. Every REVV Motorsport KEY holder will be airdropped a REVV Car for each KEY he holds on August 10th. There are only 1,000 KEYs obtainable — almost 200 of which have already been claimed — so hurry up to get yours! And as a bonus, the Public Alpha release for REVV Racing starts on August 11th and a $150k prize pool is up for grabs. So, head over to the official announcement here for all the details!
Lympo partners with First Mint Fest
From August 3rd to 5th, Dapper Labs and NBA TopShot present the First Mint Fest, with speakers from all over the NFT world! Lympo is proud to partner with First Mint Fest, to talk about Sports NFTs to Collect, Play & Earn.
Read more about the First Mint Fest here.
Animoca Brands acquires Blowfish Studios
Animoca Brands has acquired indie game developer Blowfish Studios to bring together AAA, VR, and AR game capabilities with expertise in blockchain and NFTs for the bright future of gaming!
With extensive experience in developing, porting, and publishing games for PC, Mac, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X|S, Switch, iOS, and Android, as well as expertise in Virtual Reality and blockchain, Blowfish adds significant game development capabilities to Animoca Brands. The combination of their unique competencies in AAA gaming and blockchain is a rare and valuable blend and Animoca Brands is already hard at work on a number of very exciting projects to be announced soon. Here’s the official press release from Animoca Brands.
REVV is coming to PancakeSwap and Binance Smart Chain
REVV Motorsport and PancakeSwap are partnering up, with REVV being bridged to Binance Smart Chain (BSC). PancakeSwap has launched the REVV-BNB farm and REVV Syrup Pool earlier today!
In January this year, Animoca Brands announced the expansion of its innovative tokenization of gaming assets by using BSC as the preferred blockchain infrastructure for selected blockchain projects. Lympo was the first one to make the move, and now REVV became another one of Animoca Brands’ play-to-earn NFF tokens to join BSC. You can find the REVV-BNB farm here, and the REVV Syrup Pool here.
Behind the scenes
As you probably know, we’re working to move the entire Lympo NFT platform to Binance Smart Chain. During the past few weeks, we’ve already announced quite a few new Athletes that are joining the Lympo Athlete pool, and our initial plan was to release these new NFTs already on BSC. However, we want our community to use the credits they have gathered and mint new NFTs as soon as possible.
That’s why we’ve decided to release part of the next collection of NFTs on the Ethereum network. Once the tech infrastructure from our partners has been completed, you will have the opportunity to move these NFTs to Binance Smart Chain.
So when can you expect these ERC-20 NFTs to be released? Well, we prefer not to use the word ‘soon’ too often, but in this case, it’s literally right around the corner.
At the same time, it’s also the perfect opportunity to optimize the formulas we’ve used to design the credit staking mechanism. As you probably remember, after we released the Lympo NFT minting platform, we mentioned that we’d be adjusting, optimizing, and tweaking the staking mechanism based on the feedback we’re gathering from community members using the platform. As a reference, here’s the original article. Now it’s time to introduce an update.
Here’s the new minting price mechanism for Common, Uncommon, and Rare NFTs:
And here’s the one for Legendary and Epic NFTs:
As an example:
- The regular price of a Legendary NFT is 220 credits. After the release of the new Legendary NFTs on ERC-20, the price will be adjusted to 220 + 50% more credits + 2 ETH.
- Then, the price will gradually reduce by 0.25 ETH every 6 hours, which means that 1 Legendary NFT after 6 hours from its release will cost 330 credits + 1.75 ETH. The additional ETH will continue to decrease until only the 330 credits remain.
- After 48 hours, the price of one Legendary NFT will be 220 + 50% credits. This price will then remain for 48 hours more, after 96 hours total the price will go back to the regular 220 credits for each Legendary NFT.
This pricing mechanism will avoid an immediate sell-off of all the higher-tier NFTs on the platform, which makes it fairer for everyone involved. Keep in mind that we might adjust this pricing again in the future, based on the platform activity and community feedback. We can’t wait to release the next batch of NFTs!
Looking ahead
As mentioned in the previous section, new Athletes NFTs are right around the corner. And at the same time — regardless of the decision to release the next NFTs on the Etherium network — we’re still moving forward with the GOAT NFT Auctions which we will release on the Binance NFT marketplace.
It looks like we’re going to have a big month ahead of us! 🚀
Want to know more?
Visit the Lympo NFT minting platform.
Join our Telegram or Discord channels.
And while you’re at it, don’t forget to subscribe to our newsletter to be the first to receive the latest Lympo news.
