During the past weeks we have received feedback from a number of people interested in our project, regarding the low liquidity of $WXM token in decentralized exchanges.
We understand that a healthy ecosystem needs a liquid token and in this direction, we are planning to take the following steps:
Starting later this week, and for 43 days, we will buy $4,000 worth of $WXM from the WXM/ETH Uniswap pool, every day.
Upon purchase, we will pair the purchased amount of $WXM with $4,000 worth of ETH and we will add it back to the WXM/ETH Uniswap pool.
The total cost of this program is 43 days * $8,000 = $344,000 which will significantly increase the Uniswap pool liquidity. For this purpose, we will use the recently received onboarding fees.
Exciting news regarding $WXM liquidity! https://paragraph.xyz/@weatherxm/uni-liquidity-increase
Link to pool? How can we best support your work & share in upside should there be any?
Ooops! The article did not have the link to the pool, only the link to the token. The link has been updated to point to the pool now. NFA, DYOR! (And thanks for bringing this up!)