$FOG Development Update (Weeks 3–4)
As many of you are aware, we had planned to launch $FOG on Nov 25th. However, as we pushed forward we ran into some unavoidable speed bumps in the development process and had to navigate some choppy waters.
We pride ourselves on being exactingly detailed in any development and decided we needed to delay the launch of $FOG a few more days. While this may be off-putting to our community, we assure you it was in everyone's best interest to make sure we deliver a polished codebase and refine the methods needed to interact with the contracts.
Nothing has changed except our increased excitement as we get closer to launch and delivering on our promise.
$FOG Changes
When we took a hard step back to make sure we were developing the best possible iteration of $FOG and what it should accomplish, some very interesting avenues opened up that we can use for the future interactions with the Liquid Economy we are building.
DAO GOVERNANCE — $FOG will now be the engine for any changes or adaptations we decide upon as a community, this means voting for fee percentages, future emission rates, liquidity strategies, and more!
DEV FEE — The dev fee has been completely removed from the first iteration and will ensure that the team remains honest in the aspect that changes or releases will benefit the community directly with no bad actors “built in”.
LIQ BUYBACKS — As mentioned in the last article, we have allocated a percentage of all transactions in $FOG to buy back a portion of $LIQ. This has been balanced to account for no dev fee and will serve as an interesting strategy for future pools we implement, and with DAO functionality you can actually choose which token on Uniswap it purchases, so some interesting pathways can be taken advantage of there.
Wen $FOG?
The team has come to realize that promising hard release dates leaves us no window for problems that may arise. But, as with anything highly advanced, you can’t expect 100% uninhibited progress all of the time, so we are taking a more elastic approach in that regard and keeping things on an “as they happen” type schedule. We have no issues communicating development progress as it happens and will continue to do so. Our telegram is the best way to pop in and ask questions to the team directly and even our members that frequent it the most will always have some helpful insights if you are curious about the progress of the project.
Our current timeline is to launch in the next 48 hours or sooner, if everything goes well, and so far it is. As previously stated, stay tuned in the telegram chat for live updates.
Again we are very excited for this to go live and we share your enthusiasm to see it happen more than you know!
Wrapping Up
The best thing about this project is our focus on community collaboration, everything that has been accomplished has been from the hard work of everyone involved and it all started as just an idea. We are all involved and working towards a singular goal of making this something great, not just a “flash in the pan” project that has no future.
We emphasize getting things done right, not fast. This is a proven strategy that produces quality work and we have rallied together to make this reality possible. Even the largest projects start somewhere and after being live on Uniswap for only a month, we have soared past all expectations.
We would be absolutely decimated if we caused a situation that compromised our holders and speculators in any way, so going forward with this in mind, we like to take the extra steps necessary for everyone to be successful with what we are developing.
We cherish all of the support you have given us, and if you stick with us, we will continue to make this a project that exceeds what is possible!
THANK YOU ALL!!!
Join our community, the water’s warm and the drinks are cold:
Twitter — https://twitter.com/TokenLiquid
Telegram — https://t.me/LIQofficial
Website — https://liquidefi.co
Uniswap — https://info.uniswap.org/pair/0x8e6d7b8027fd72e0d052c261e9e98ec42b3c333a
