Bi-Weekly Community Recap #20 (May 17 - May 31): THORChain. TLDR (16-Points).
05 Jun 2022, 18:34
Bi-Weekly Community Recap #20 (May 17 - May 31): THORChain ✨
📕 TLDR (16-Points)
1⃣ Update on Terra chain support and new $LUNA airdrop.
2️⃣ THORFi activities being paused for the time-being.
3️⃣ Single-sided LP model being proposed.
4️⃣ Impressive tweet from THORChain Bull, Chad Barraford, 0xSmith, Pluto(9R) and others.
5️⃣ THORSwap new web app version was released. They also shared their monthly recap.
6️⃣ Rango integrated Solana in their aggregator and partnered with Jupiter Exchange for on-chain swaps with Solana ecosystem.
7️⃣ Rango integrated OptimismPBC. Team also shared their monthly report.
8️⃣ XDEFI did a Website revamp. XDEFI also integrated DOGE chain in their wallet.
9️⃣ XDEFI wallet migrated liquidity to XDEFI-ETH trading pair on Uniswap.
🔟 Shapeshift integrated XDEFI on their app.
1️⃣1️⃣ THORWallet integrated MoonRiver Network and MoonBeam Network in their mobile app.
1️⃣2️⃣ THORWallet is doing 3 Soldier NFT giveaway.
1️⃣3️⃣ Lendscape pushed blogs and twitter threads covering THORFi.
1️⃣4️⃣ ASGARDEX now supports ETH/ERC20s using Ledger.
1️⃣5️⃣ THORGuards partnered with Maya Protocol for exclusive benefits to the THORGuard NFT hodlers.
1️⃣6️⃣ THORGuards collaborated with CryptoDivas for whitelist spots and Hoodies giveaway.
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📕 Medium Blog:
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Same news in other sources
407 Jun 2022, 01:14
THORChain telegram news 07 June 2022 01:14
https://twitter.com/pluto9r/status/1533963411960344578?s=21&t=9_JXuLXCYrUJJsYnBIeaGQ
06 Jun 2022, 22:05
Sounds like FTX will convert to native RUNE 🚀
Sounds like FTX will convert to native RUNE.
https://help.ftx.com/hc/en-us/articles/6753040861204-FTX-will-delist-RUNE-spot-markets
Sounds like FTX will convert to native RUNE 🚀
06 Jun 2022, 10:22
THORChain telegram news 06 June 2022 10:22
06 Jun 2022, 00:16
To those worried about team/seed token unlocks at mainnet:
All team/seed were originally supposed to be unlocked in Oct 2019, but the treasury managed to convince everyone to lock up indefinitely until "mainnet" with some stringent conditions to be met. Take the fact that Chaosnet has been running for over 12 months in the pursuit of stability.
All in all, tokens have been locked for ~4 years to date since the project started.
Additionally, the majority of seed decided to commit to nodes Q1 this year.
Also worth noting, over 10% of team tokens have been skimmed and has been allocated to the 9R team which is now on a 24month vesting schedule (you can find this address as "9R Vesting".
So in summary:
- probably the longest successful token lock in the short history of crypto
- seed 80% locked to the Network Security
- team ownership reduced from 10% (originally) to now less than 5%, which I also think is some kind of record
I don't think anyone should be nervous about the upcoming unlocks, instead you should look forward to seeing more of the supply participating in the Network by the people who helped build it over the last 4 years.
More info at GRC video:
To those worried about team/seed token unlocks at mainnet:.
To those worried about team/seed token unlocks at mainnet:
All team/seed were originally supposed to be unlocked in Oct 2019, but the treasury managed to convince everyone to lock up indefinitely until "mainnet" with some stringent conditions to be met. Take the fact that Chaosnet has been running for over 12 months in the pursuit of stability.
All in all, tokens have been locked for ~4 years to date since the project started.
Additionally, the majority of seed decided to commit to nodes Q1 this year.
Also worth noting, over 10% of team tokens have been skimmed and has been allocated to the 9R team which is now on a 24month vesting schedule (you can find this address as "9R Vesting".
So in summary:
- probably the longest successful token lock in the short history of crypto
- seed 80% locked to the Network Security
- team ownership reduced from 10% (originally) to now less than 5%, which I also think is some kind of record
I don't think anyone should be nervous about the upcoming unlocks, instead you should look forward to seeing more of the supply participating in the Network by the people who helped build it over the last 4 years.
More info at GRC video: https://youtu.be/JGBxcQCz9-U?t=686