Welcome to another episode of my New SmartBCH Journey!
Almost a week ago, the new Decentralized Exchange under the SmartBCH network called the Tropical Finance, conducted their token pre-sale through the Bitcoin Cash Launchpad (BCHPad). I was one of the users who was waiting for the pre-sale to start so that I can commit the amount of Bitcoin Cash I was willing to invest in the project.
However, I wasn't able to commit the BCH I have because I forgot to wrap it up first before the pre-sale started. I attempted to wrap my BCH four times but the exchange I was doing the transaction on was just too slow to function so I gave up on wrapping the BCH I have. This led me to not have enough WBCH to commit and wasn't able to buy the Dex's token, the Daiquiri token, during its pre-sale.
And after some delays, the Tropical Finance website was already up and running but because of some Fear, Uncertainty, and Doubt in the community, the price of the native token of the exchange started to plummet, which made me uninterested in buying the token because I thought it will only end up like the Milk and 1BCH tokens.
However, when I checked the Telegram group of the exchange, I have read some valuable information and some of the interesting future plans of the exchange that made me decide to go back to the DApp and buy some of their tokens already. And when I checked the price, it was already starting to recover so I bought the tokens at such a high price but still reasonable.
Since I was using my new SmartBCH wallet where I only have a small fund in it, I was only able to buy 0.1 BCH worth of Daiquiri Tokens and I got 274 DAIQUIRI for it, so I got to buy each at around $0.15. The pre-sale price was $0.12 each so I think my buying price is still a good buy, or so I hope it really is.
Since I was a little late in doing what I needed to do, which is to buy the Tokens and stake them right away in the pool, I missed the opportunity to generate more DAIQUIRI when the APR was still high. So I only got to stake my tokens when the APR is around 6K% and now it's slowly decreasing because of the number of tokens being staked. While other pools have a Deposit fee of 4%, the Daiquiri pool doesn't have it so it's a plus for me.
I plan to just stake the tokens there and let them grow by compounding the earned Daiquiri once in a while to save myself from transaction fees.
🧉About Tropical Finance:🍸
Tropical Finance is a state-of-the-art yield farming application and Dex on SmartBCH Chain with unique features which offer its investors brand new ways to maximize APRs.
Tropical Finance focuses on two important factors: steady fairness and transparency. Based on these foundations, Tropical Finance aims to provide high APRs with the least risks and strives to become one of the most stable and reliable platforms in SmartBCH Network by offering multiple features and ways that support yield increasing and solve liquidity problems.
DAIQUIRI (Tropical Finance Token) is a deflationary token that will feature many token use cases.
(Tropical Finance Telegram Group)
With Tropical Finance in the house, there are now 6 Decentralized Exchanges under the SmartBCH chain and I'm sure there will be more to come. Until then, let's all enjoy farming, staking, and trading on these platforms.
Cheers to the success of Tropical Finance! 🍸🏖️🧉
Follow My New SmartBCH Journey:
Buying SmartBCH Tokens on Metamask
The Wonders of Wojak and $Fatcat tokens
Staking WBCH-sBUSD LP Tokens to earn some Mist
Another topic, another knowledge for me about the different coins that belong to SmartBCH.