@babademic We did so with a heavy heart. The starting phase of a project does not define it as a whole, and we have a lot of amazing utilities planned for the (near) future.
@YIELDTREES Launches Today at 7pm UTC
โ #DeFi as a Service
โ Reforestation Efforts ๐ณ
โ Earn $FOREST with #YieldTrees
โ #NFTs for booster, wages for tree upkeep, planting of real trees.
โ Earn #passiveincome
โ Charity Donations
โ $ROOTS; low investment risk ๐ช๐ป
@LarsenM65@JamesPelton18 When they sell, they pay another premium and that as well stays in the liquidity pool. After they have bought and sold, the liquidity pool is bigger than before.
Every buy and sell has a mathematically calculated price that only serves to increase the amount of USDC in the pool.
@LarsenM65@JamesPelton18 Good question. $ROOTS is Protocol Owned Liquidity. We as the protocol manage the liquidity. When someone buys $ROOT, they actually mint it so the supply goes up. They pay a premium, though, which stays in the liquidity pool even after they sell.
1/2
@avalancheavax Good work! #Avalanche seems to become better by the day. We're happy to be based in this network, and we just bought another $30k for our liquidity pool.
Let's go to the moon together ๐ฒ๐
Unfortunately we did not achieve the anticipated liquidity from our presale, so have made the decision to lower our launch price. The new launch price will be $35.
After extensive evaluations, our calculations have indicated this new price will be more effective.
$ROOTS is an incredible utility that we are extremely excited to integrate into our ecosystem. Our team is currently refining the features & implementation plans, & with the new launch date - are pleased to announce that this will be ready to launch as part of Planet Forest ๐๐