Upcoming changes to the Liquidity Mining APY at WOX-EXCHANGE
Hello STEEMIT community in general, this is an announcement regarding some changes in the APY in Liquidity Mining in our project, investors who have entered during these first months are enjoying a very striking APY, with which we want to thank all those who have believed in us since these first steps.
But at end of this month of March 2022 that APY level will be changed to a lower one, so all those who have entered until now will have that great benefit.
As you can see in the image above, we have maintained since the beginning of the project the following APY for those who have entered so far:
- 1000% for those who add liquidity for one month.
- 5000% for those who add liquidity for 3 months.
- 20,000% for those who add liquidity for 6 months.
- 35000% for those who add liquidity for 9 months.
- 65000% for those who add liquidity for 12 months.
But again, these APY levels will still be in effect for new investors until the end of this month.
We will be announcing the changes soon.
As always, if you have any questions, please feel free to contact us. We invite you to join our discord channel:
Official WOX FI discord channel
Hi @wox-exchange
I myself welcome those changes with open arms. Truth be told, I initialy had plan to provide 20-30k TRX into liquidity pool. But when I've learned about how high APY being offered - I've reduced this investment to 10k TRX only.
I already know few people, who wanted to get involved but also changed their mind. This made my "mission" of helping to promote WOX-exchange way more difficult.
Hopefully upcoming changes will be quite drastic and APY will not be counted in thousands any more. Based on my experience - it would be much easier to encourage people to invest long term while APY would be around 50%-100% (yearly).
Overall I consider it to be a good move. Good direction.
Upvoted and resteemed,
Yours, Piotr
Hi @wox-exchange and @crypto.piotr
A gradual tapering of returns is quite welcome because as I see a high yield is not always able to maintain a stable price.
A lot of times people keep dumping the earned tokens this never lets the token discover a stable price levels.
Instead a decent APY and a out of the box real world use case for the token go a long way to sustain the project.
So this may not be a bad thing if it plays out in a way that the token price stabilizes and does not go down too much after the freeze on selling on the 20th is removed.
Besides at any point the ROI would be a factor that one must look at.
I have a different situation. I had provided liquidity prior to the woxdefi.app launch . Thus I had only one option and that was to use sunswap.com to add liquidity.
Now when I see the option
I am left feeling lost and very confused.
For one I do not see the status of my liquidity under the woxdefi.app secondly How do I choose the period of investment and thus returns in my case.
Whom should I contact ? Is there a line of support for us who provided liquidity before the woxdefi.app was launched? Perhaps @xpilar could show me a way out of this situation.
I think you need to contact @xpilar or @the-100 on their discord
To be honest, I was little sad that the APYs are coming down. Hopefully, new APYs will be attractive enough for many people.
On the other hand, more developments are under way.
Great for the project in the long run 🚀
Thank you @tomoyan for your feedback
Yes, a lot is going on now and we are building the foundation step by step
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Reducing liquidity might hurt but it works well for token growth. Good job and waiting for it!
Thank you @joelagbo for your feedback
For those who want to be an early supporter with the WOX token, they should take care now with the offer that is out the month of March
Greetings to all fellow @wox-exchange team members.
Many users may disagree, but from my perspective this is a wise strategy to continue strengthening the project in the long term, as this will allow to decrease the selling pressure, and it is also a move that can probably attract investors who will bet on the long term.
Have you thought about any token burning methods?
Best regards, be well.
Thank you @lupafilotaxia for your feedback
Yes, token burning will be done and it will be announced when and how we will do it
Greetings to the @wox-exchange team.
Undoubtedly the upcoming changes are good to attract investors who have a vision with the project in the long term.
For those who have not yet entered the project, you have the possibility to do so until the APYs are adjusted, this will undoubtedly benefit everyone much more.
It is also expected that they can energize the project a little more, with other elements that will serve much more to attract investors.
Thank you @dgalan for your feedback
Yes, it will make sense in the long run and get long term investors
It is ok. I hope wox continues to grow. I always support this program.
Thanks, that's nice to hear @penyaircyber
Change is the only constant thing in life, this might hurt but it is a wise decision @xpilar
Thank you @tfame3865 for your feedback
Yes, things change all the time in life and so will the development of WOXFI, we are building the foundation now and everyone can join the journey further
Wox exchange always growing, best wishes to all your projects you are doing great job.
Thank you @alejos7ven
Thanks for the usual update, hopeful this new development will help wox token grow more as investor's desire and it will definitely promote WOX Community...
Kudo to you all the team behind this project..
Regards, 😊
@davidad
Thank you @davidad for your feedback
WOXFI will be important for many users and it is wise to invest early in our project
You are welcome!
Regards 😊