PKM BACKGROUND
PKM is a utility token given to our users that can be used to enter tournaments, as a fee to access premium features, and to provide liquidity... as such we do not "need" the price of the PKM token to increase. It is meant to enhance our main product not to be our main product.
FAQ UPDATES
We have edited our FAQ page to answer a couple questions like these ones:
How much PKM do we "NEED"?
What will be the price of PKM?
STARTING LIQUIDITY CHANGE
We previously said that when we create the PKM:SPS pool on Mar 14th we will add 210k of our own SPS to the pool and the PKM will come from the PKM set aside for Liquidity Pools. Well the team has decided it is in everyone's interest (and we are willing)to add more SPS into the pool to start with. So far team members have offered to do 310k SPS which is about 3Million PKM... which should be a bit more than the what is airdropped on the 24th of March.
As a reminder anyone who helps to provide the token with liquidity and price stability, so users can fully utilize the potential of the token and acquire it if they want to use more of our features, will be rewarded via the liquidity pool. However those offering initial liquidity are exempt from receiving LP rewards or being withdrawn for at least a year. An additional constraint to PeakMonsters owners is that we have decided we will not allow ourselves to buy from the liquidity pool for at least a few hours after the pool is funded.
DO YOU WANT MORE STARTING LIQUIDITY? Would you like to see even more liquidity in the pool to begin with or is 3Million PKM and $~72k total pool enough to begin with?
We don't know how many people will want to acquire PKM from this liquidity pool, but we do know that the more is in the pool helps to have smaller price movements.
If this is the case we invite long time trusted users to contact us if they want to be a part of this POTENTIAL addition to the liquidity pool given the same constraints mentioned previously.
REGARDING SELF-BUYING TO GET PKM Also updated in https://pkm.peakmonsters.com/faq
Self-buying to get PKM
YOUR VOTE 1. You can vote that we do nothing and be ok with this possible mechanism for people getting tokens OR that you don't consider it a concern. (Or because you believe it's only a low risk theoretical possibility)
- You can vote that IF it becomes an issue, we can put future caps on the distribution of PKM airdrops. Most notably potential caps that adapt according to future price of PKM which could allow for upward mobility of the token AND extension of airdrop time period.
WHY YOUR VOTE MATTERS Our product and company does not need the token to be at a certain price but we do want our users to be happy and excited to use peakmonsters.com so we look forward to what you have to say and for you to know this before the 14th when people may purchase tokens from a decentralized liquidity pool.
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