They also boofed their IDO and allowed Thorchain Treasury to front run their ENTIRE community. Literally every member of the community had to buy at 5x listing price
Here's why you shouldn't invest in $THOR at current prices $2.55
1. Is a farm token meant to distribute to the community = constant sell pressure
2. The distribution for incentivized pools with increased APY are paid out only once a day and aren't coded in
3. the dev team decides how/when they pay LP's outside of regular block rewards by Thorchain
4. No real value accrual as they're not making revenue at the moment
5. Why even launch a token? They're frontend interface, not a layer 1 blockchain protocol. Screams like cash grab
@THORSwap If you're looking into buying $thor, be prepared to see ~50% drawdowns. IDO buyers got in at $0.075 with airdrops coming.
Do you really want to buy a token that everyone is selling b/c they dont trust the team?
No one is better at losing ppl's money than @THORSwap. IF you hate money or want to lose ur $RUNE, make sure to participate in the $THOR - $RUNE pool. REMINDER THAT THEY ONLY PAY THE APY ONCE 24 hours
PSA: FRIENDLY REMINDER THAT YOU HAVE TO KEEP FUNDS LOCKED INTO @THORSwap LP FOR OVER 24+ HOURS IN ORDER TO GET INCENTIVIZED $THOR LP REWARDS. IT IS NOT PER BLOCK LIKE THE BLOCK REWARDS FOR $RUNE. HUGE IMPERMANENT LOSS RISK HERE
PSA: DONT BE ENTICED BY @THORSwap's~600% APY. FRIENDLY REMINDER THAT YOU HAVE TO KEEP FUNDS LOCKED INTO LP FOR OVER 24+ HOURS IN ORDER TO GET INCENTIVIZED $THOR LP REWARDS. IT IS NOT PER BLOCK LIKE THE BLOCK REWARDS FOR $RUNE
@THORSwap HEADS UP -- YOU HAVE TO LOCK UR FUNDS FOR 32+ HOURS TO GET THE $THOR APY. LOOK AT WHEN THEY"VE DONATED. DO U REALLY WANT TO SPEND THE OPPORTUNITY COST ON A COIN THAT ALREADY 30x'd?
@1supportteam@Hembeeri HEADS UP -- YOU HAVE TO LOCK UR FUNDS FOR 32+ HOURS TO GET THE $THOR APY. LOOK AT WHEN THEY"VE DONATED. DO U REALLY WANT TO SPEND THE OPPORTUNITY COST ON A COIN THAT ALREADY 30x'd?
@THORSwap HEADS UP -- YOU HAVE TO LOCK UR FUNDS FOR 32+ HOURS TO GET THE $THOR APY. LOOK AT WHEN THEY"VE DONATED. DO U REALLY WANT TO SPEND THE OPPORTUNITY COST ON A COIN THAT ALREADY 30x'd?
@THORSwap@THORChain HEADS UP -- YOU HAVE TO LOCK UR FUNDS FOR 32+ HOURS TO GET THE $THOR APY. LOOK AT WHEN THEY"VE DONATED. DO U REALLY WANT TO SPEND THE OPPORTUNITY COST ON A COIN THAT ALREADY 30x'd?
@THORSwap HEADS UP -- YOU HAVE TO LOCK UR FUNDS FOR 32+ HOURS TO GET THE $THOR APY. LOOK AT WHEN THEY"VE DONATED. DO U REALLY WANT TO SPEND THE OPPORTUNITY COST ON A COIN THAT ALREADY 30x'd?
@THORSwap IF YOU PLAN TO JOIN THIS ETH-RUNE POOL. MAKE SURE TO ASK THEM HOW OFTEN THEY"RE PAYING THESE REWARDS. THERE IS PRACTICALLY A 32 HOUR LOCKUP TO BE ABLE TO EVEN RECEIVE THE INCENTIVIZED $THOR....
@THORSwap How often do you pay $THOR to incentivized LP's like THOR-RUNE
The first and second one were 32 hours apart. Why no transparency around the deployer and how frequently you play to issue these rewards out? Why not tell everyone they're not as frequent as block rewards
@THORSwap No one seems to know the rhyme or reason for the $THOR emission schedule when in the $THOR - $RUNE pool.
Its not every new block like the block rewards and you've got a ton of ppl asking in discord
Using $THOR as a way to incentivize pools is not gonna work well in the future