TGE is here!
We launched Uniwhale two weeks ago on Mar 6 and have built a strong community from which we can grow. That does not mean we will grow without ups and downs and therefore we need to be steady, listen to our community and be prepared to be flexible in our execution.
Since our launch, we facilitated almost $20m in trading volume on almost 2,000 trades, earning more than $17k fee for our community. We had 153 unique traders and are seeing a healthy growth in the open positions.
Now, many of our community members voiced concern over the liquidity pool, which saw an outflow of almost $2m over the last few days. So we are currently at ~$600k mark, which can facilitate, in our analysis, up to $20m in open positions, still very comfortable versus where we are.
However, we note that many of the same community members pointed out that the volatility of the liquidity pool TVL and our goal of reaching $5m in pool TVL before we start the TGE work detrimental to the bootstrapping efforts of our community, creating a lot of uncertainty as to the timing of TGE.
And TGE is important because that adds an important and tangible value to the work our community has done so far in bootstrapping Uniwhale.
So we listened to our community and decided to bring forward the TGE of UNW to Mon next week, i.e. Mar 20. We will not be doing an IDO, but will list directly on leading AMMs on BNB, so as to allow trading of UNW. This liquidity will come from the 10 million UNW we set aside to provide initial liquidity of UNW as and when we list on other exchanges.
More details of the listing will follow over the weekend.
We shared earlier that our Airdrop campaign will end on the announcement of TGE, so both of our liquidity bootstrapping and trading bootstrapping Airdrop campaign will end effective now.
As announced previously, the airdrop release will be subject to snapshots and milestones post TGE and more details relating to this will be released in the near future. And we will do so in a way that rewards and protects our committed liquidity providers, traders and community.
In the meantime, to check your airdrop, please go to our app on https://app.uniwhale.co/airdrop.
To get involved and stay updated on all Uniwhale-related matters:
- Visit us on uniwhale.co
- Find our codes on GitHub
- Follow Uniwhale on Twitter
- Subscribe to the Uniwhale Medium
- Join the Uniwhale community on Discord
