🚀 Exciting News! 🚀
(Transfer of Revenue from LBP to SONIC SNS Treasury - Proposal 19)
Sonic DAO takes a giant leap towards sustainability and community empowerment. At Sonic DAO, we're not just building a decentralized finance platform; we're forging a path towards a more sustainable and community-driven future.
Today, we're thrilled to announce a significant milestone in our journey - revenue sharing through the Liquidity Bootstrapping Pool (LBP).
We've launched (Proposal 19) - a motion to initiate the deposit to Sonic DAO SNS treasury. We encourage each and every community member to actively participate in the voting process.
📈Contribution: $ICP ($1,005.99)
Together, We Forge Ahead
https://t.co/kXe5bOsVlI
https://t.co/vDw3oeM1kW
If you are a MCAKE holder, you can now claim SONIC tokens against your holdings at 80:1. All you need to do is connect your SOLANA wallet here - https://t.co/9WfrhPepNX and enter your principal address.
Looking to craft a platform for meme enthusiasts? We've got a ready-to-go social/meme platform just waiting to be your next big thing. Don't build from scratch; take the leap with us.
@BoxydudeMOTOKO@Slayffin2@EgidoVal@realmemecake It's because Dfinity only mentions the same projects over and over and over again, look for Memecake or DG in any of their materials.
No trouble finding Rise of the Magni though.
Been considering switching ecos because of it. It's like we're competing against the foundation.
Liquidity Bootstrapping Pools (LBPs) are the new way to raise funding for your project.
Liquidity Bootstrapping Pools (LBPs) are pools that can dynamically change token weighting (e.g 1/99 to 99/1 for TokenA/TokenB). LBPs use Weighted Math with time-dependent weights.
✅Fair market launch
LBPs often start with intentionally high prices. This strongly disincentivizes whales and bots from snatching up much of the pool liquidity at the get-go.
When LBPs are used for early-stage tokens, this can help increase how widespread the token distribution is.
Almost make it daily to check in with @dgdg_app 💚
Thank you 🙏 for your continued efforts!
Meme Cake @realmemecake having some nice sales over the last day 🔥
The community reigns supreme, and we genuinely appreciate everyone who engaged in the decision-making process. This exemplifies the power of community-driven needs.
To those who cast a NO vote, we take your feedback to heart and pledge to work diligently toward securing your YES by presenting an extraordinary product in the future.
🔥Executed
The community has voiced their opinions, and we extend our gratitude to everyone who participated in the voting process.
For those who voted NO, we remain dedicated to earning your approval by delivering a product that is both captivating and exceptional.
Thanks to everyone who voted!
✅Don't forget to hit up your NNS wallet, head to the LAUNCHPAD, and scroll down to cast your vote.
🙏🏻21,270,052.99 blessings with Sonic!
Sonic is now an open-source project.
This marks a significant step forward for our platform and the broader ICP ecosystem, as #SonicDEX becomes the first open-source DEX on the Internet Computer.
As a team, we are deeply committed to transparency, collaboration, and innovation. By open-sourcing Sonic, we are inviting developers, researchers, and the wider community to contribute to the growth and development of our platform. We believe that open-source development fosters creativity, accelerates progress, and ultimately leads to more robust and secure solutions.
We are incredibly excited about the opportunities that open-sourcing Sonic presents, and we look forward to collaborating with the community to shape the future of DeFi on the #ICP. To access Sonic’s open-source code and start contributing, please visit our GitHub repository https://t.co/ybdvUMpLqO
We extend our heartfelt thanks to our community for their ongoing support. We invite you to join us on this exciting journey as we continue to innovate and push the boundaries of what’s possible in the world of #DeFi.