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.
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.
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WeatherXM Network2024 Data License Auction Winners
On Sunday, July 14, the 2024 Data License Auction concluded successfully.There was a single bidder, WeatherXM AG (Zug, Switzerland), who entered the ...
WeatherXM Network2024 Data Licensing Auction
The minimum bid is $WXM 100,000.
WeatherXM Network$350,000 worth of onboarding fees collected in Q3 2024
The WeatherXM Network Association collected $350,000 worth of onboarding fees(*), which correspond to 3,500 new stations manufactured by WeatherXM AG in Q3 2024.
WeatherXM Network2024 Data License Auction Winners
On Sunday, July 14, the 2024 Data License Auction concluded successfully.There was a single bidder, WeatherXM AG (Zug, Switzerland), who entered the ...
WeatherXM Network2024 Data Licensing Auction
The minimum bid is $WXM 100,000.
WeatherXM Network$350,000 worth of onboarding fees collected in Q3 2024
The WeatherXM Network Association collected $350,000 worth of onboarding fees(*), which correspond to 3,500 new stations manufactured by WeatherXM AG in Q3 2024.
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2 comments
Two weeks ago, we started implementing our plan to increase liquidity on Uniswap. So far, we have brought $58.7k worth of $WXM, and we have used it to increase the 0.3% WXM/WETH liquidity pool. We are happy with how this goes, and we also realized that the funds reserved for the program will last for more much longer than the 43 days we originally planed for. https://app.uniswap.org/explore/pools/arbitrum/0xeB35698c801ff1fb2Ca5F79E496d95A38D3BDc35 For more details, check the original announcement: https://paragraph.xyz/@weatherxm/uni-liquidity-increase If you are interested to track the transactions, keep an eye on https://arbiscan.io/address/0x22EB100addBE655f64a6cbA3b6a4F26021708b3F
Exciting news regarding $WXM liquidity! https://paragraph.xyz/@weatherxm/uni-liquidity-increase