Ape Mining Club is 1 month old, double emission!

in LeoFinance10 months ago

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It has been an interesting month since the announcement of Ape Mining Club.

To celebrate the first month of Ape Mining Club, I have adjusted the daily emission of all pools to be their full daily emission value. This is effectively doubles the daily emission to all existing pools.

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Previously, the pools were 25, 50, 100, and 200. Now they are 50, 100, 200, 400 resulting in a 750 daily emission and 1,500 if all pools are boosted.

This change is effective immediately and will result in increased daily emission tonight at midnight UTC.

At some point in the future we will launch the fifth and final pool supported with Quantum mining equipment with 800 daily emission.

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Don't ask wen quantum? as I am holding off for a while for this pool as this will more than double the current emission.

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    Never go full ape!

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Check out the last post from @hivebuzz:

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It's been discussed before, not only by me, as I saw another comment about it recently, so I won't harp on it, but while I do understand the reason burning only STEM is currently the only way to steal or boost, I think there would be benefits across the board if other tribe tokens could be burned as well, perhaps at a lower conversion value than STEM, to continue to place emphasis on it as the primary burn token, but allow for a broader user experience, opening a window for those struggling to get enough STEM to participate more consistently. I'd like other thoughts on it though because I'm always missing something.

On a different note... I don't know of a liquidity pool on tribaldex that offers STEM as a reward, but I would be interested in one. I find the return from the LPs are significantly better than what I have staked in more than one of my side interest, and it seems having the LPs buying up various side tokens for rewards distribution is bolstering everything that's getting thrown into the mix. Is this something being considered or has been considered and rejected or kicked down the road?

My primarily loyalty is to my STEM community and there are no plans to support other tokens for boost or stealing. At the end of the day, the amount of tokens burned are not a lot, even though it represents a large portion of the weekly inflation and I see no reason to use other tokens as well.

I will not likely create a LP pool on TribalDex, that's not to say there will never be a pool, I just don't have the interest in doing one on TribalDex or anywhere else right now. The tokenonomics of STEM were always designed to be rare and in short supply with little inflation.

Things may change in the future though.

That's a solid answer, man. Thanks!

I hope something does change. I want to play with everything here and I don't have enough quarters to drop down every slot... 😁

I hope something does change. I want to play with everything here and I don't have enough quarters to drop down every slot...

I tell people a lot don't go chasing everything, although some believe in the theory of throwing $100 into everything.

Pick and chose what you most believe in.

good advice! I started with the first idea now I am getting to know the place going with the later!

I do, but I throw nickels and dimes into everything. I have projects I take seriously and don't horse around with, but I have a lot of other stuff that I drop a nickel in here or there, mostly because I find new fork tokens or piles of moon dust every time I link an old wallet to a new one. That's solid advice, though. Such that I'd be wise to take it to heart, so, yeah.

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Going heavy.

Already gone fullape =/ :) ....

Awesome mate!😎

hey @apeminingclub I also want to join and earn some give me guide please

I recommend checking out the introduction post.

okay I will read it to see if I understand

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Good work, keep on gaming bro !PIZZA

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