1BCH Newsfeed, 28 Feb 2022
Hey Everyone, it’s been a crazy world this week and our sincere prayers and wishes goes to Ukraine and her people.
Here are some key updates and developments from the 1BCH team over the past week:
FARMS
sBUSD-1BCH Farm: We are very pleased to announce that we now reached a milestone agreement with Kain_niaK and now have a sBUSD-1BCH Farm. Our near term target is to have about USD50,000 of liquidity on our sBUSD-1BCH farm. This will be achieved through our collaboration with Kain_niaK and are currently looking at other ways to further this positive collaboration and partnership. We are grateful to Kain_niaK and sBUSD holders for their trust in us! Watch out for our sBUSD-1BCH promotional farm multipliers!
HAM-BCH Farm: Double-up! We have doubled the HAM-BCH Farm to 0.5X for the collaborations we’ve had with the HAM devs and community.
RX-1BCH Farm: On 26 Feb 2022, we launched the RX-1BCH farm for Crypto Gesic’s token RX. The RX token is a SEP20 token that aims to become a supplemental source of funds for essential medicine. We love the purpose of Crypto Gesic and our kudos to the Crypto Gesic Team!!
Farm Tidy-Up: We will be conducting a Farm Tidy-up in the next couple of weeks, and will be announcing the changes in due course. We are writing to a number of token devs with Farms on 1BCH.com to explore increasing their farm’s liquidity.
SPRINKLERS
Complementing our RX-1BCH farms, we had on 25 Feb 2022 launched the RX Sprinkler. Thanks again to the Crypto Gesic devs for their contributions to this Sprinkler.
PRICE ACTION & LIQUIDITY INCREASE
27 Feb 2022 saw a nice 20% boost in 1BCH’s token price and increase in liquidity. We believe this is partially due to the promise and potential of our collaboration with the sBUSD community and devs.
LOWERING OF EMISSIONS
We will be lowering our DEX’s rBCH emissions on 14 March 2022 from 1500 / block to 750 / block. This will likely result in both rBCH to be more scarce and hopefully both 1BCH and rBCH tokens more valuable. We will announce it again once this change is effective. Stay tuned!
