Weekly update on development process (Feb 14, 2022)

Weekly progress

  • ⚒ Opened a liquidity pool for $COLI-$BUSD on PancakeSwap (trade here).
  • ⚒ Bridged $COLI token to Binance Smart Chain (as necessary to open the pool on PancakeSwap) via Wormhole (bridge here, see addresses below).
  • 🔎 Researched multiple rewards programs of other projects.
  • 🤝 Discussed different implementations of Coliquidity Rewards Program with investors.
  • ⚒ Wrote the Coliquidity Rewards Program (for early users: 67% APY paid in $BUSD).
  • 🤝 Got feedback on Coliquidity Rewards Program from potential users.

Token addresses

  1. COLI on ETH: 0xd49EFA7BC0D339D74f487959C573d518BA3F8437
  2. COLI on BSC: 0x3470C81026C8085b7B743695f851353043Ff0d0D
  3. BULL on BSC: 0xEFB7311cc5d66b19FeD6a19148A3Ecf801e65100

Lessons learnt

  1. Crypto investors split into two groups: profit maximalists & risk minimalists.
  2. The profit maximalists invest in projects with a high potential return, even if the risk is high, too. They assign low probabilities to bad events.
  3. The risk minimalists invest in projects with a low total risk, even if the return is low, too. They assign high probabilities to bad events.
  4. The profit maximalists lose money by making bad investment decisions. Therefore, the amount of capital in the hands of maximalists decreases over time, as the bull market progresses.
  5. The risk minimalists make money by making good investment decisions (their capital becomes “working capital” for profit maximalists, who borrow stablecoins / convert between stablecoins). Therefore, the amount of capital in the hands of minimalists increases over time, as the bull market progresses.

Next week’s focus

  1. 🤝 Make agreements with influencers to promote the launch of the rewards program.

About Coliquidity

Coliquidity ($COLI) allows users to make more money by banking on uptrend & collecting LP fees at the same time. If you want to get notified about early access to our pools, please follow our Telegram & Twitter. If you want to trade the $COLI token, use Uniswap or DEXTools.

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Coliquidity

Coliquidity

With Coliquidity, you can provide liquidity using only 1 token. We match two providers to create a joint position. Less risk, more reward for each LP 😉