Over the next many days Iโll try to explain all the fun new things happening now at @SilkSuiteDEX
Today, letโs talk about trader rewards on #HBAR .
Traders at SilkSuite are rewarded monthly with FABRIC points. These points can be used to claim SILK token twice a year. The exchange rate for each claim event will be unique and based on many DEX and market conditions. The first claim happening now is worth over $55,000 in SILK tokens and ends soon.
Most FABRIC = biggest share
How much FABRIC each wallet gets is based on its trading activity . Mostly volume with a boost for txn count. There are over 250 wallets eligible so far. The reward formula also has a small 5% log curve to ensure every eligible trading wallet gets some FABRIC.
This dang space should be fun and rewarding again. ๐
All subject to small changes if it makes sense for the traders and SILK but the general idea will remain the same.
@tom_kryp@IOV_OWL It is likely not enough TPS to move the needle. 1300 suppliers with even 1 transaction a day would make no noticeable difference. It's still bullish news as this is a template for companies to use worldwide.
@Bitcoin_Teddy My suppressed desire in my high school yearbook from 30 years ago was to "own every nickel in the world". You are literally living my dream ๐คฃ
The Youtube playlist keeps growing, now up to 74 songs. Playing around with Middle Eastern Psychedelic Hip-Hop fusion right now. Also adding some visuals to the videos๐. Check out "Spiral Caravan" just released.
https://t.co/8seMZRGlzp
Welcome to the Wormhole. "Alien Contact" is a Neo Post-Modern Acid Soul groove that feels weightless and euphoric. It blends deep, gravity-bending basslines with drifting celestial textures. Itโs slow, itโs sexy, and itโs completely otherworldly.
https://t.co/n1C7Qb6ssR
Getting into the Christmas spirit this weekend. Check out my new YouTube video.
Relaxing Christmas by the Fireplace - 18 Original Soft Orchestral Holiday Songs - Enjoy๐
https://t.co/DFevOO8CVG
One of the things I would like to do with my #Hedera music NFT project is create custom songs for the community. Let me know what styles, genres and instrumentation want to hear and I will create it and add it to the playlist. https://t.co/2DeNZKqp91
@GUMBOFAITHFUL@nillion Zoom out on the chart. The drop is peanuts compared to how far it's fallen overall. This is simple stuff. Market maker lost faith, and honesty I don't blame them. Hard to look at that chart and believe it stands a chance. Plus token has a lot more unlocks.
Got a bit weird last night. "Porch Trip" is a Bluegrass cover of a wacky acid jazz carnival-bass fusion track that was too weird on its own. Enjoy responsibly๐ https://t.co/ZJA6JGaTct