π The $RELIC Genesis Auction is LIVE
It's go time. The Genesis Auction for $RELIC, the currency of The Rewardians, is officially open and the clock has started.
This is how we kick off SRM Farming, and it's your chance to get $RELIC into your hands at the same price as everyone else.
Quick refresher on how it works:
πΉ A fixed amount of $RELIC is set aside for the public
πΉ Deposit SUI into the auction during the window
πΉ When it closes, the total SUI from everyone sets the launch price. No team picks it, no insiders pick it, the crowd does
πΉ You get $RELIC based on your share of the pool. Put in 1% of the total, you get 1% of the coins
πΉ Same price for everyone, first minute or final hour
πΉ There's a 250 $SUI per wallet cap so no single buyer can take over
πΉ The SUI raised becomes the locked trading liquidity, so $RELIC is tradeable from day one
The bigger the pool we collect, the higher the launch price and the higher the emissions rate on the farm.
β³ The auction runs for 7 days
The crowd shows up. The crowd sets the price. The crowd owns the launch.
π https://t.co/5dCvQE2BUy
Straight talk on emissions coins:
Farm coins trend down in price over time. That is by design. You come out ahead by earning as much as you can while you farm.
Burns and controlled emission rates are what keep $RELIC sustainable for the long run.
https://t.co/1qkDTG7R2q
The bigger the Genesis pool, the bigger the launch.
More SUI collected means a higher launch price and a higher emissions rate on the farm.
The crowd doesn't just join the launch. The crowd sets the dial.
What you actually do with $RELIC:
Receive it from the genesis. Make $RELIC LP. Stake it in the farm. Earn more $RELIC.
You can also stake SUI/SRM in the farm to earn $RELIC.
The whole point is deeper liquidity on the DEX, paid back to the people providing it.
https://t.co/5dCvQE2450
Why we built it this way:
Same price for everyone, whether you join in the first minute or the final hour. A per-wallet cap of 250 $SUI so no whale can dominate. Your share of $RELIC equals your share of the pool.
A launch owned by the people who show up.
How the $RELIC Genesis Auction works:
1οΈβ£ Deposit SUI during the window
2οΈβ£ When it closes, total SUI sets the launch price
3οΈβ£ You receive $RELIC equal to your share of the pool
The raised SUI becomes locked liquidity and you're now loaded for the farm
https://t.co/1qkDTG7R2q
A quick truth:
$RELIC is not a buy-and-hold coin. It is earned.
Hold it and do nothing, you earn nothing. Make LP, stake it in the farm, and you earn more $RELIC.
The current Genesis Auction is just your starting allotment πͺ
For those wondering the workflow of $RELIC here is a visual.
It's the system to help boost TVL so we can get closer to our goals π
https://t.co/1qkDTG7R2q
The $RELIC genesis auction is only running for a week.
The more raised, the stronger the LP we can create π₯
Secure your spot here: https://t.co/1qkDTG7R2q
The $RELIC Genesis Auction is LIVE!
It's go time. The Genesis Auction for $RELIC, the currency of The Rewardians, is ongoing π₯
The bigger the pool we collect, the higher the launch price and the higher the emissions rate on the farm.
Prepare accordingly and join our TG for the full alpha https://t.co/hlWlP8fmGn
β³ The auction runs for 7 days
π https://t.co/5dCvQE2BUy
Did you know that you can buy Sui coins from 10+ chains?
Never miss a quick dip again having to bridge funds over and pay ridiculous fees. Not to mention the wait time...
The SRM DEX now does exactly that.
Buy into your next hottest trade with ease.
https://t.co/LYGtvkfrrJ
π Introducing $RELIC, The Cosmic Relic
The currency of The Rewardians is here, and it's how we're kicking off SRM Farming.
Quick heads up, we had to pivot at the last minute. Instead of a normal launch, we're doing a Genesis Auction. It's a fairer way to get $RELIC into your hands and start the farm.
Here's how it works:
πΉ A fixed amount of $RELIC is set aside for the public
πΉ Deposit SUI into the auction over a 7 day window
πΉ When it closes, the total SUI from everyone sets the launch price. No team picks it, no insiders pick it, the crowd does
πΉ You get $RELIC based on your share of the pool. Put in 1% of the total, you get 1% of the coins
πΉ Same price for everyone, whether you joined in the first minute or the final hour
πΉ There's a per wallet cap of 250 $SUI per wallet so no single buyer can take over
πΉ Changed your mind? You can pull your SUI back out before the window closes
πΉ The SUI raised becomes the locked trading liquidity, so $RELIC is tradeable from day one
The bigger the pool collected, the higher the launch price and the higher the emissions rate on the farm.
Once trading goes live, you claim your $RELIC, pair it into LP, and stake it in the farm to earn more $RELIC.
Why we're doing it this way: other farm launches run things like an hour of single sided stakes to create the initial supply. Those methods have proven high risk and a lot of people get rekt in the process.
The Genesis Auction lets everyone generate their initial supply at the same price, without the massive price swings.
β³ Genesis goes live within the next 48 hours
π Runs for 7 days
Be alert & join https://t.co/hlWlP8fmGn to learn the moment it drops π§
Stack em up! Rewardians still minting and will become more necessary every day that goes by π
The SRM eco is expanding and the blocks are falling into place.
https://t.co/S1YoNzVUDw
Farm comes Friday!
Have you stacked your Rewardians to receive the yield boosts!?
1x - 1.25%
2x - 1.5%
3x - 1.75%
4x - 2%
Earn up to double your crops!
The utility for the Rewardians has arrived! Mint yours today to prepare:
https://t.co/S1YoNzVUDw
The SRM farm opens tomorrow - suit up!
Get your overalls on, your Rewardian NFTs ready, and your loot bags prepared!
Markets are still wavy... it's time to earn some yield!