Liquid Token — Week 1 Update

Liquid Token
3 min readNov 12, 2020

What an exciting week this has been for the Liquid community!

We are completely blown away by the levels of support everyone has shown and we want to extend a huge THANK YOU to everyone helping to grow the project and work on some of the finer details of the rollout.

We are moving forward at a healthy pace and figured it was time for an update to help with some questions people have had recently.

Value and Liquidity

Considering this was a stealth project, fairly launched on Uniswap, with no giant VC backing or presale participants, its amazing how quickly we’ve managed to appreciate in value on the token side and the liquidity pool has grown as a result of a massive volume uptick in the last few days.

From .10 ETH to 70 ETH in liquidity (~$60,000)

we have witnessed a distribution from holders that invested early in the project and took profit, allowing supply to spread out to newcomers.

Development & Progress

We have assembled a small team of professionals in a short amount of time who have taken on the responsibility of building the website, smart contracts, promotional aspects, and much more!

The second version of our front end is nearing completion and will serve as the platform for our Liquid economy products. This is a complicated process, and no specific timeline has been set, but this agile team is excited to get everything done ASAP!

Adding to this momentum, we have partnered with another team from an established project to help with the heavy lifting and have formulated a way to combine our core tokenomics to create something that will change the DeFi landscape and, we believe, will make us a contender in the industry. Ensuring everything is set up and tested correctly is our priority, so that will be the plan going into the next few days. We are working with precision to complete every step in a steadfast manner.

Another interesting positive is that all of our information has been added to Etherscan and has subsequently improved our trust scores across the spectrum. This usually takes a few weeks. We had it done in two days.

Summary

Every attempt is being made to take this project in a professional direction so it opens up doors for us in the future (and giving the big guys a run for their money would be a nice change).

The initial momentum definitely helped accelerate our efforts, so we hope everyone is confident in our ability to keep growing this into something greater as we move into the future release of our Liquid economy products.

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

Uniswaphttps://info.uniswap.org/pair/0x8e6d7b8027fd72e0d052c261e9e98ec42b3c333a

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