Liquidity Pond
The Froggy Friends liquidity pond will be hosted on Uniswap where you will be able to purchase $RIBBIT utility tokens using ETH. The initial seeding time will not be announced for security purposes. After successful creation the liquidity pond will become available and we will share that it is live and available to use.
You will be able to track our liquidity pond and $RIBBIT on Dextools after successful creation. Once logged into DexTools you will be able to search for $RIBBIT and add to your favorites list by clicking on the star next to the tokens name - this will add the token tracker to your favorites panel on the right hand side.
The liquidity pond will be funded and maintained with 100% of the profits from our merch store and streaming royalties from Spotify. These funds will help maintain the pond until we have a viable single-sided liquidity pool solution in place in which they will be redirected back into the community.
Often times starting a liquidity pool is a burden for teams and redirects resources that teams could be using to build towards seeding and maintaining the pool. That's where a single-sided liquidity pool provides a solution to the problem. Traditionally when starting a pool you are required to deposit 2 tokens in our case ETH and RIBBIT, whereas a single sided liquidity pool requires only one token deposit (RIBBIT). We will apply to have our token listed on Bancor as a pre-requisite to creating a SSL pool on their platform. The application would have to be approved by their DAO governance model and pending approval we would be able to use their SSL offering.
Last modified 6mo ago