We have always believed that “Liquidity is King”. A Diesel Pool allows the Swapping and Exchange of Tokens, if there is a healthy Liquidity Pool (Many Providers), it is an indication that the organization is doing well, and less fluctuation or volatility in terms of price during exchanges. Have you ever tried to buy a Token from an organization that has no liquidity? You will find that it is usually purchasable but after a certain number has been purchased, the price is likely to increase due to supply and demand. If you have a strong liquidity, this does not happen. It can be purchased through the swap function, and the Price Impact and Slippage is manageable and in line. Thanks to @ecoinstats and his fantastic Competition launched a month ago, we are proud to say that TeamPH now has 2 Diesel Pools.
Image Taken from https://tribaldex.com/
The TEAMPH:SPS Diesel Pool is now active and what’s even better, it now offers some amazing rewards to incentivize our Liquidity Providers. We have a contract set up for 120 Days, that distributes the following, as we are actively seeking like-minded organizations within the Eco System that wish to help us, we will be looking to add other Tokens, as well as restructuring the contracts for longevity and maximum efficiency moving forward. Please be advised, should you decide to enter into the liquidity pool, you will receive your first payout (Rewards) after 24 hours. Our Rewards have been scheduled to be paid out 10PM, Philippines Time.
Image Taken from https://tribaldex.com/
We would like to express our Gratitude to @jim-crypto and @entrepidus from @thgaming as well as @enginewitty from @pimp.token for being the first organizations to contribute to our pool. As mentioned in a previous post, TeamPH also matched and added 25USD of their Tokens to our Liquidity, we have also inserted our own TeamPH Tokens. This is a breakdown of what is currently available in our Liquidity Pool:
- PIMP: 12,000 + 2000 (20USD) Matched by TEAMPH = 14,000
- THGaming: 100,000 + 100,000 Matched by TEAMPH = 200,000
- TEAMPH: 100,000
Please be advised, for other organizations that wish to participate in contributing to our Rewards Contracts, TeamPH will reciprocate by buying an allocation of your Tokens to put into the Liquidity Pool. We are only looking for a few more Tokens from Like Minded Organizations. Team-PH reserves the right to reject business opportunity should it not be in the best interest of our Community or the Eco System. " No Money, No Honey" is in important slogan, but "Good" business ensures that we sleep well at night.
I do hope that this article has been insightful, should you have any questions or queries, please feel free to leave a comment below, alternatively contact us through out Discord:
https://discord.gg/ZDf6Yb4X
So this is @mangomayhem on behalf of the Curation Team, signing out, ciao for now and I look forward to seeing you on the Battlefield!
"We thrive together Kapamilya"
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