🚀Launch

GAIN liquidity was provisioned April 20, 2024

A big trend within the ASA scene is to spin up a token and pass all the responsibilities off to the community. This includes provisioning liquidity, growing the community, marketing, and sustaining the project. This is ineffective in most cases, as traders are looking for returns not work. The community can also sell their holdings and move onto something else without issue, leaving the remaining members to wonder where the next contributors will come from.

What has been popular in other ecosystems, is to host an IDO where the token is sold to buyers through a DEX or launchpad. With regulators across the developed world raging war against crypto, this invites massive amounts of risk to the token issuers. Another route, which we've seen in Algorand and every ecosystem, is to sell a large portion of the token to a VC then go to market. Which inevitably ends with the token being dumped to oblivion by the VC firm.

Another route, which is our preferred, is to provide the tokens to the market as LPs and buildout the project from there. This way we, as token issuers, are not beholden to IDO participants, VCs, or overzealous regulators. To facilitate the launch, we will be provisioning 43% of the supply as locked liquidity spread across two decentralized exchanges - Tinyman & Pact.

Initial liquidity will be priced very low, where 1 $GAIN token = .00001 $ALGO. This provides incredible upside as the token supply is only 115M. As users acquire $GAIN, fund LPs and farm them to earn yields, they should see rapid appreciation in both the $GAIN token price, LP value, and yields earned.