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Alpha DAOAlpha DAOby0xe725110f72F5b699CB0E0Ea28b64b38d5fe4bC2a0xe725…bC2a

Should AlphaSwap Compete w/ KuSwap?

Voting ended about 4 years agoSucceeded

AlphaSwap can use the zone token as the liquidity incentive for new tokens arriving on the exchange. New tokens arriving on the exchange would have to be voted on and approved before having exchange benefits and incentives being granted. New tokens must provide liquidity to bond pairs on twilight zone to apply for benefits. Rewards from bonded liquidity from new tokens seeking listing benefits will fuel staking rewards for the liquidity of new projects with farmable pairs. As an additional benefit to tokens being listed, a bot will be created to automatically conduct arbitrage trades to even the price of the listed token across all exchanges and send the funds collected to buyback and burn liquidity of the AlphaSwap token pair for new projects. Infinitely growing AlphaSwap liquidity and the market capitalization of projects who seek listing on the exchange.

Option 3: Take on KuSwap as a competitor but rather than use all arbitrage funds to benefit listed project, split the benefits in the partnership. (split the funds collected by the bot to buyback alpha and burn the tokens while buying back liquidity of new project tokens and burning that as well at a 1:1 ratio, to provide mutual appreciation of projects in a 50/50 partnership)

Option 4: Take on KuSwap as a competitor but rather than use all arbitrage funds to benefit listed project, split the benefits in the partnership 50/50 and send kcs to the marketing wallets of each project. (Alpha's marketing & New Token listing's marketing)

Off-Chain Vote

/WAGMI
76.67 20.3%
/NGMI
20.48 5.4%
1 + Bot Funds: LP/ALPHA Burn 1:1
260.69 69%
1 + Bot Funds Split 4 Marketing
20.12 5.3%
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Timeline

Feb 02, 2022Proposal created
Feb 02, 2022Proposal vote started
Feb 03, 2022Proposal vote ended
Oct 26, 2023Proposal updated