Philip Arthur Moore
complete
Philip Arthur Moore
There will be others and this will be an ongoing conversation so I think it's best to close it out here and continue this in another manner. I don't think this feedback will ever go away.
Philip Arthur Moore
under review
Guy Fawkes
True, it is the same as staking hotcross for bnb and swapping bnb for hotcross. That is currently what I am doing but a pool for the native token is usually the standard everywhere? I like that you guys do it different. Just being greedy I guess 🤷🏾♂️
Philip Arthur Moore
Guy Fawkes: If you want HOTCROSS for HOTCROSS but are too lazy to do the swaps yourself for that then I think it's something we're been discussing internally for some time. I am also quite lazy with swapping sometimes.
Guy Fawkes
Philip Arthur Moore: Yeah I am super lazy lol but with that said, I do think the release should be slow. This is definitely a concern of mine. Holding pancake token and seeing the supply increase a lot sucks but the demand is there for cake. I guess there is no rush for a pool but it would be cool to have one sir! In due time I guess??
Philip Arthur Moore
Guy Fawkes: My biggest concern is flooding the market with tokens that have 0 demand-side pressure on them. For every person who asks for a HOTCROSS for HOTCROSS pool I probably have thought about this at least 10 times. Yes, in due time. :)
Guy Fawkes
To satiate the hunger! Buying is simply not enough 😭
Philip Arthur Moore
Guy Fawkes: But isn't just taking BNB and converting that into HOTCROSS the same thing without crushing the platform into oblivion? (I like to ask questions even if I feel agnostic either way!)
Philip Arthur Moore
Why? 😈
Yegor Schults
Philip Arthur Moore: This is the path to good volumes. It also attracts a large number of users who will spend a small amount of money on the purchase of your token, and there will be many of them. The same pancake, biswap followed this path in the beginning.
I do not argue that giving out tokens to everyone at a high percentage is a bad idea, but while the media coverage is small, this is a good boost.
Start with "reward & penalty", make sure that the user cannot leave the pool ahead of time without consequences, so that the price of the token does not fall to the bottom. Prepare for all the cons of a big APY and start the HOT CROSS pool with the auto compound
Yegor Schults
If you give a lot of tokens, then users will withdraw them and leave, if you give enough to participate in the project, then people will remain waiting "to the moon" and participate in the life of the project
Guy Fawkes
Yegor Schults: Pancake and Biswap also had the luxury of being in bull markets when they came out. We are in bear territory so I do agree with the demand side being bigger before a big pool. Maybe a small pool size 😜!!
Philip Arthur Moore
Yegor Schults: "Start with "reward & penalty", make sure that the user cannot leave the pool ahead of time without consequences, so that the price of the token does not fall to the bottom. Prepare for all the cons of a big APY and start the HOT CROSS pool with the auto compound"
These are technically not possible right now.
They may or may not be in the future.
:)
Philip Arthur Moore
Yegor Schults: Precisely why we've been so careful with emissions.
7.5M for Cross Pool Launch + 6M for Syrup Pool was just too much at one time. Never again.
Philip Arthur Moore
Guy Fawkes: Those are both AMM's. Cross Pool is just a staking tool. It's just a totally different dynamic.
Guy Fawkes
Philip Arthur Moore: True, I think Hotcross offers a unique service besides yield service. The toolbox of other stuff is impressive and just simply lumping it with other yield crypto projects does not do it justice! And I agree the initial pool of 7.5M was a lot! I would want a small amount if it does happen. Even if it does not I can still swap the usd/bnb for Hotcross :) keep up the great work!