LGE 3: The Final Opportunity
The Final Liquidity Generation Event (LGE) is launching tomorrow, it will last 7 days and introduce stable coin DAI to CORE’s ecosystem. Recent trends in DeFi have shown increasing demand for stablecoins, since they are naturally used to short crypto markets. LGE 3 will be the final opportunity for participants to contribute to the pre launch of CORE. Arbitrage will grow extensively, our ecosystem will be able to use this stable coin pair to hedge against any downward movements in the cryptocurrency market and the new pair will be essential for our future lending product.
Participation in the third Liquidity Generation Event is the final opportunity to contribute funds and receive a pre-launch position in the project.
An improved LGE Contract 🌀
CORE invented Liquidity Generation Events. The final LGE comes with new improvements. We have studied past events and enhanced every aspect for this liquidity event, maximizing value generation for all its participants:
A Basket of Tokens
Our improved Liquidity Generation Event will allow its contributors to deposit any token into LGE3. Each deposit will be sold, converted to CORE units and immediately accredited to its contributor.
All LP tokens, except for locked liquidity LP tokens, are also accepted by the smart contract. wBTC/ETH, DAI/wBTC or any other pair will be accepted to the contract.
Minimizing Manipulation
Our Surge Protection is currently deployed and will increase the Fee On Transfer during the entirety of the event to 25.5%. Depositing CORE into the LGE will trigger the Fee On Transfer. However, you will be credited for the whole amount, maximizing market buys for CORE.
Strategic Buys
In order to maximize the amount of DAI & CORE deposited into the Liquidity Generation Event, the contract will hold Ethereum and conduct strategic buys, as prices fluctuate to keep everything in sync. These buys will range from hundreds to thousands of Ethereum and we will intersperse these across the duration of the event.
Maintaining the Balance
The Contract is designed to keep a 50/50 balance of CORE and DAI, deposited. Skewing towards buying CORE, due to the 25.5% Fee On Transfer.
A Boost in Capital
Through successful negotiations with forked projects, the CORE team secured over 5,000 Ethereum in Strategic Buys. Estimations suggest that the final number of LGE contributions from individual participants can be more than four times higher than that.
The Foundation of CORE 💠
The Final Liquidity Generation Event will complete the foundation and end CORE’s fund raising, allowing the transition to the long-awaited Phase 1 of the project.
With the addition of DAI, the ecosystem will be able to take advantage of all possible market movements.
DAI — representing markets going down
BTC — representing Altcoins going down
ETH — representing Altcoins going up
💬 Join Us!
- Join the discussion in our Discord at https://discord.gg/hPUm9Jh & Telegram https://t.me/COREVault
- Don’t miss any update by following these Twitter accounts at @CORE_VAULT @x3devships @0xRevert @0xdec4f
