The momentum is building as the market coils and the teams continue to ship:
-Echelon launches LP program and Multipass
-Parallel shares update on PDAO stream
-Wayfinder and Layer Zero partner up
-Egorik wins League Open III
https://t.co/Ax6pzObzao
Special delivery it's the weekly update:
-Public Test Server live with Deception
-PRIME and Card burn
-Aftermath rewards
-LP Rewards Sent
-Perps agent added to Wayfinder
https://t.co/Mye9Q6UMAK
LP program rewards for the previous week have been delivered to participating wallets.
For more information on how to participate in the PRIME/ETH LP Rewards program, visit https://t.co/At0RuBM8d8
I truly feel that @ParallelTCG is entering a new phase
Today's announcement was a small step to rebuilding confidence in the community and setting up $PRIME for long term success
Kudos to the Parallel and @EchelonFND teams
So much more to come
//
TLDR: Wow
🔥11M $PRIME (10% of total supply) has been BURNED in a reduction to the Gameplay Pool
Another 10% will be burned over the next 3 years
+ Echelon & Parallel have also relinquished sink allocations, meaning 10% of all $PRIME spent in sinks will be permanently burned
At the Echelon PRIME Foundation, stewardship of the PRIME ecosystem is our mandate. Following extensive consultations with partners and key stakeholders, we are rolling out a multi-phase plan to right size the PRIME ecosystem. The first steps in this plan are to reduce the Gameplay Pool and update the Sink Schedule to incorporate a burn mechanism.
Today, we executed the first burn of 11 million PRIME tokens from the gameplay pool, which accounts for 10% of all PRIME tokens.
Additionally, the Foundation will implement two follow-up burn mechanisms:
-A further 10% burn of PRIME over the next 3 years.
-A burn of 10% of all PRIME passing through the Sink Schedule. This percentage will come from the previously allocated 4% to the Foundation and 6% to the Gameplay Pool.
Following these initial steps, other aspects of the ecosystem infrastructure will also undergo planned changes, including PRIME-powered assets, emissions, and sinks. The Foundation will continue to actively assess and adjust strategies as needed to support the long-term stability and innovation of the PRIME ecosystem.
Parallel Studios will be making an announcement about improvements to the game and ecosystem to follow.
Cards will burn
In the coming weeks we will be asking the community to join us for an important Townhall hosted in the Parallel Discord. Please join this discussion and its coverage of our upcoming card supply burn and share your opinion on the future of the TCG card supply.
More details to follow soon //
There are levels to these posts:
- Major 1 is a major one with crazy comebacks
- Deception expansion teasers scratch the art itch
- Wayfinder demos at the @Uniswap event in NYC
- Founder token unlocks pushed back a month
https://t.co/dK5SVRI0mC
Deception is now live on the PTS!
Ambassadors are showcasing the expansion via streaming and videos, but get ready because EVERYONE will get access later this week.
LP program rewards for the previous week have been delivered to participating wallets. As a reminder we will transition to a claim system for rewards but for now participants can expect to see these delivered on a weekly cadence.
Thank you again to those participating!
In perhaps the most stressful @ParallelTCG League Final ever, @viper_9337 pulls through with a 3-2 win over Zaratustraa and wins the first Major of Season 2.
Congrats to Viper on the win and for locking in his spot at the Parallel Prime Championship!
All is fair in love and Swiss rounds on this week's update:
-Deception card teasers hit the timeline
-League Major I top 16 set
-Wayfinder autonomous agents continue to improve and evolve
https://t.co/OHf0hqCzqW
Are you winning son?
-New Expansion hype hit the Airwaves
-Competitive Season Updates
-Emissions + Bonds + Multipass Winners
-Kalos Packed Update
-More giveaways
https://t.co/Bchrjz1IOy
Starting this month, we will be working with existing Bonds to test and streamline the ability to set custom rakes.
Reminder: Applications for new Bonds are now open ⬇️
𝗗𝗲𝗰𝗲𝗽𝘁𝗶𝗼𝗻
We're excited to debut our first in a new series of videos: Mechanic Spotlight. Join the devs as they explain the two new Keyword mechanics coming with Parallel's next expansion Deception, Stealth and Withdraw.
GAMEPLAY EMISSIONS
We have distributed emissions to @ParallelTCG players with $PRIME winnings for Season 15.
Emissions are sent on @Base and can be claimed at https://t.co/TQD0e1NlfW or via the rewards dashboard at https://t.co/FjUQSRtlIv.
Open Call for bonds! If you're part of a motivated group of @ParallelTCG players with a large card collection, you can leverage Echelon's Bonds system to grow your organization and streamline your competitive play.
In order to apply, send an email to [email protected] with these details:
-A bond name and logo.
-How you think Echelon's Bonds system can help you.
-Types of players you are targeting with your bond.
According to PRIME/PROMPT ROI Calculator
$1 of $PRIME deposited at 45X Multiplier today ($3.30 Per Token)
Will yield $3.95 in $PROMPT tokens paid over 2 Years (at $0.36 per token)
Would encourage you to play with the app based on your own expectations (link in next post)