@Novee_VeenoX @monad Great way to make people go broke. Youβd have better odds at a slot machine. Impressive how you managed to make the price move in a perfectly straight line.
1. We shared the "WHO" Fuego on December 2nd
2. We shared the "WHY" Fuego on December 8th
3. Today we'll share the "HOW" Fuego:
> 90% of the Fuego mint will be deposited directly into a dedicated Fuego LLP account (LLP is Lighter's Liquidity Provider).
> This deposit will be entirely dedicated towards the Fuego Federation's dual mandate:
(1) Support the growth of the Lighter ecosystem
(2) Ensure the long term durability of the spirit and flame that is Fuego
> From time to time, program resources may be allocated toward ecosystem-aligned activities, for example:
(1) Acquiring $LIT to build a Fuego treasury used potentially for funding stages / kiosks for crypto conferences, trading competitions, tickets to crypto conferences, Lighter / Fuego merchandise etc.
(2) Acquiring additional Fuego NFTs to use as community rewards or prizes, ecosystem participation, etc.
(3) Global community events like the ones hosted recently shared on our timeline.
> This is how Fuego will work
> This is how value flows back to the Fuego Federation and Lighter's community of traders
> You now know the "WHO", "WHY" and "HOW". Stay tuned for the "WHAT" and "WHEN" for Fuego π―οΈ