Launchpool Announces $1 Million Liquidity Lock
The explosion of interest around our innovative new DeFi Launchpad concept has led to quite a number of new arrivals to our community in recent weeks. Our Twitter and Telegram channels are approaching 10,000 followers. The number of Ethereum addresses holding LPOOL tokens has gone from virtually zero on Monday to almost 1,500 addresses today two days later.
With all this growth, we feel we have a certain duty to our new community members to show them that we mean business. Launchpool is here to change the launchpad landscape for the better. While in Phase 1 you can stake 9 different tokens to earn LPOOL token rewards for free, our Phase 2 platform will be set up to promote Egalitarian Investing for all. Stake LPOOL into smart contracts to indicate your interest in contributing to a project and gain access. That’s it. Paying your phone bill is more complicated than our means of getting exposure to some of the hottest crypto and DeFi projects around, brought to you by a suite of top-tier funds. No gas wars. No bots. Just stake your LPOOL to show your interest to earn a proportional allocation to your desired project. The more you stake, the larger you allocation. Simple.
As a gesture of our commitment to this cause and our wonderful growing community, we have locked up $1 million worth of liquidity using tried-and-true Unicrypt smart contracts.
We have locked liquidity up in two tranches:
- $500,000 for 45 days.
- $500,000 for 90 days.
Both of these transactions can be seen on chain if you follow the Unicrypt link above.
We are overwhelmed at the response that the DeFi community has given to our project and we warmly welcome all those who are interested in joining the LPOOL community. For the next 3 months, our staking contribution event will continue, after which we expect that between 6 million and 7 million LPOOL tokens will be distributed to the community and included in the circulating supply of our token. The remaining 3 to 4 million tokens will be split across allocations retained by the founding funds, Endeavor community rewards, and operational reserves.
Thank you for your participation in the Launchpool project! And have fun farming!
Launchpool believes all project stakeholders are as important as each other. Investment funds and communities should work side by side on projects, on the same terms, towards the same goals.
Launchpool harnesses their strengths and aligns their incentives so that the sum is greater than its constituent parts. To learn more about Launchpool, visit our socials: