PROPOSAL #5: 33% BSC, 33% xDAI, 34% ETH Mainnet

[This proposal comes from @nicobao. Read and discuss the original post here . To support this proposal, sign it using the like (heart) button below this post.]

Liquidity should be spread across DEX for different purposes:

  • marketing: getting new people get to know HOPR, buy it and ultimately run nodes
  • low transaction fees for small transactions
  • low slippage for big transactions (whales)

An important condition when choosing a Chain is to have a reliable existing bridge to xDAI where we run the nodes.

There is one for the three chains I’ve chosen.

Spreading across chains is:

  • good because we can address different group of traders

  • bad because it complexifies the already complex amount of different HOPR tokens by adding even more wrapped tokens ==> we should not have too many

Actual proposal

  • 33% on PancakeSwap in HOPR/BNB Pair.

  • 33% on HoneySwap with xHOPR/xDAI Pair.

  • 34% on Uniswap v3 with HOPR/ETH Pair. (Unlimited price range, standard 0.3% fee tier)


Why those chains?

We need tokens on:

  • BSC because that’s where new crypto traders are, highest liquidity after Uniswap. Good for marketing. Cheap fee, nice for small transactions.

  • xDAI because that’s where we run our nodes. If we want to incentivize people to run node, we should make it easy for them to do so. Also cheap fee, nice for small transaction, same as PCS.

  • ETH Mainnet, UniV3 has amazing slippage algorithm. Ideal for whales. It is the native Chain for the HOPR token. And that’s the DEX with the highest liquidity. It’s also where the node will ideally be run in the future I suppose, if everything goes well with the PoS update.

Of course, the crypto world moves fast, so maybe in a few months BSC will be overthrown by Polygon/Solana or whatnot.

But that’s not the point here, we can’t predict the future. We can always move the liquidity later.

More than 3 chains will be way too many wrapped tokens to handle.

Why this distribution?

20% of current LP on Uni v3 is enough for low slippage for whales, according to Sebastian (look at conversation in Telegram group).

So 34% on Uni is already more than enough.

We need to support the xDAI chain if we want to incentivize people to run node on it.

So providing significant amount of liquidity is important.

Marketing is equally important, and PCS is currently the place-to-go for newcomers in crypto who can move fast from crypto-newbies meme-fan to solid-foundational projects.