Add Reward Incentivisation for $GM/$BUSD LP
This proposal seeks to Incentivise the Carbon GM/BUSD LP under the ‘New Partnership Boost’ program, which was proposed and passed in TIP-16.
GhostMarket is a cross and multi chain NFT marketplace that supports blockchains with smart contracts and NFT capabilities. We are integrated with Neo N3, Phantasma Chain, Binance Smart Chain, Polygon and Avalanche and have an ambitious development plan to be in the top tier of NFT platforms within 18 months.
Following the recent proposal to extend liquidity provider rewards on Carbon for a further 3 months and the recent listing of the GM/BUSD market on Carbon/Demex. This proposal seeks to add a Liquidity Provider reward weighting of 3 (three), which is slightly above 5% of the total the GM/BUST LP for a period of 30 days.
Once this proposal passes, the Ghostmarket team will meet the requirements of the ‘New Partnership Boost’ program, being:
- The provision of $100k of liquidity to the GM/BUSD pool.
- Telegram + Twitter promotion to their user base.
As background, GhostMarket is a fully trading NFT marketplace employing 12 people. Our recent ICO was oversubscribed 20 times and has traded above the ICO price of USD$0.13 since listing.
We are currently listed on the following exchanges:
- MEXC Global
We are listed on CoinMarkeCap and CoinGecko.
Three significant validators are involved in the project: NeoEconomy ️ Switcheo (Vincent), Devel & Co(Devel) and Intsol Community Staking(Intsol) and are supportive of incentivising this pool.
GhostMarket also provides a bridge to swap tokens between chains for other $GM issuances via: https://bridge.ghostmarket.io/
Risks and Benefits
This proposal will increase the total weight from 51 to 54, which will slightly dilute the rewards to the existing pools.
The GM token is well known and supported by the Switcheo Community, however there are now a significant number of $GM holders who are not familiar with the Carbon ecosystem. This proposal will provide that community with a reason to become involved in the Carbon community and to earn and trade their Carbon (SWTH) rewards.