PKM Liquidity Pool is NOW LIVE!
The PKM:SPS liquidity pool is now live! With the initial liquidity provided by the team, you may now buy or sell PKM through this pool. You may access this via TribalDex or BeeSwap.
PKM Launch Schedule
WHAT IS PKM
PKM is a utility token that was created to give additional utilities to loyal peakmonsters.com marketplace users. Those that use the marketplace will receive tokens to access new things like tournaments and many many future features (that have not been announced yet) if you use the marketplace a lot you will likely never "NEED" to swap/buy tokens. From our perspective buying PKM from other users is considered optional to those who have used the marketplace a lot. With that said we understand that the mechanics of the drop and the limited distribution and the incentives from the diesel pool product may influence the price of the token. If we do share insights to upcoming products it will be to get feedback or motivate users to become marketplace users not to motivate you to buy PKM.
PARTNERSHIP WITH SPLINTERLANDS
We have great news that Splinterlands company is partnering with PeakMonsters users (which are Splinterlands users) and providing Liquidity to the PKM:SPS pool!
The result is 500,000 SPS and 5,000,000 PKM has been added to the PKM:SPS pool at the initial rate and this portion will not be eligible for LP rewards.
In addition 500,000 SPS has also been staked and the staking rewards will be added to the LP rewards pool on a continual basis. (Roughly 12k SPS a month at today's APR will be added.)
INITIAL LIQUIDITY
Moments ago we officially funded the liquidity pool with an initial 810K SPS and 8.1M PKM.
Note that the team members that added SPS do not get access to the PKM from the pool for a year. Additionally the accounts that provided the initial liquidity are NOT eligible for LP provider rewards when that starts on the 24th.
Read more about PKM Profit Sharing and Liquidity Pool here.
Buying PKM, Adding and Removing Liquidity, and LP Rewards
How to BUY PKM from the pool?
Steps in swapping SPS to PKM:
- Make sure that the SPS is in your Hive-engine wallet.
- Go to the SPS:PKM pool.
- Input the SPS amount that you want to buy PKM with. The corresponding PKM will be automatically shown in the page.
- Click Swap.
Few seconds after you have completed the steps, the PKM will usually reflect quickly in your Hive-engine wallet. Viewable on PeakD.com or Beeswap.
How to ADD and REMOVE liquidity in the pool?
Steps in Adding Liquidity:
- Go to the Add Liquidity page.
- Input the corresponding amount of PKM or SPS that you would like to add. The quantity for the token pair will be filled automatically.
- Click Add Liquidity
Steps in Removing Liquidity: 1. Go to the Remove Liquidity page. 2. Input the % of your existing liquidity in the pool that you want to remove. 3. Click Remove Liquidity
Rewards to Liquidity Providers in the PKM:SPS pool
Liquidity providers of the PKM:SPS pool will be given rewards starting March 24th. As mentioned earlier, the initial liquidity funding of the team members in the pool are NOT ELIGIBLE for the LP providers rewards.
INITIAL REWARD POOL The @peakmonsters account has saved up an initial distribution
Initial Reward Pool
Note: Numbers may change slightly before the 24th
ONGOING CONTRIBUTIONS
We plan to add every month or quarter to the reward pool from PeakMonsters.com profits. Since our profits go up and down each month, our donations to the reward pool will also change monthly. We suspect it will be at least $3,000 monthly, but as Splinterlands and PeakMonsters grows, those donations may go up.
Basic rule of thumb: As PKM distribution goes up, so does the pool for PKM liquidity providers.
PeakMonsters and Splinterlands links:
- PeakMonsters: https://peakmonsters.com/
- PeakD accounts: PeakMonsters | PeakMonsters blogging account
- PeakD Projects discord: https://discord.gg/QdYg3zUSCD
- Play Splinterlands: https://splinterlands.com?ref=peakmonsters
Other Social Media accounts: * Twitter: https://twitter.com/peakmonsters * Reddit: https://www.reddit.com/user/peak-monsters