Liquidity Mining Tokens
If you have added liquidity to the exrdusdc uniswap pool and received the resulting uniswap lp tokens. When the gamee token launches in the near future these nfts can be redeemed to receive the specified amount of gamee tokens.
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This publication is made on behalf of radix tokens jersey limited a company registered in jersey with registration number 132555 and the expressions radix.
Liquidity mining tokens. Liquidity mining is a strategy to join a network in which users fund a protocol in exchange for the protocols native token. Liquidity mining is a way of organizing the market where the exchange and the token issuer reward the community for providing liquidity. Because the gamee token is not yet available at the end of the liquidity mining event users who provided liquidity will be airdropped gamee voucher nfts that represent a specific amount of gamee tokens.
The term was alluded to a few years ago by jake brukhaman of coinfund who discussed the mining overview in the context of the participation of provider networks. Very recently on june 16 2020 compound launched its governance token comp and ever since then the term liquidity mining has been doing the rounds within the cryptocurrency world owing to the factor that compound now rewards all users who lend andor borrow digital assets with comp tokens. Miners generate revenue depending on the share of commissions paid by traders or investors price spread and the orders lifetime.
Whenever liquidity is deposited into a pool special tokens known as liquidity tokens are minted to the liquidity providers address in proportion to how much. Radix tokens jersey ltd. Exrd liquidity mining guide.
Liquidity mining is a term used in decentralized finance defi applications where users supply liquidity to decentralized financial applications and receive rewards for doing so.
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