Trading of Crown ($CROWN) is now live with 200K of BNT Trading Liquidity and 256K of CROWN External Liquidity Protection
Following the whitelisting of Crown Capital, trading of CROWN is now live on Bancor with increased trading liquidity of 200K BNT. You can now trade and LP* $CROWN in Bancor. 256k of CROWN has been provided in external liquidity protection, which resides in the external liquidity protection vault.
Bancor is the first exchange to have listed CROWN. Bancor’s single-sided liquidity is the key drawing factor for CROWN as it frees up CROWN’s treasury to fulfil its purpose: buying yield-generating gaming NFTs.
What is Crown Capital ($CROWN)?
Crown Capital is a DAO focused on direct investment and maximizing yield from its portfolio of income producing NFT assets in top blockchain game economies.
The DAO will generate income for CROWN holders in a variety of ways through active management of NFTs and treasury assets as well as through earnings and rewards generated within its metaverse businesses inside portfolio P2E economies. In addition, CROWN holders will benefit from any asset appreciation and/or sale of NFT assets in the portfolio.
What is a whitelisted pool?
Whitelisting is a process that the Bancor DAO goes through in order to list a token in the protocol.
The Bancor DAO needs to evaluate the project and its token by following the relevant technical guidelines to ensure the token meets the required security standards. A proposal needs to be created and voted upon by the Bancor DAO before the token is approved for deposits and trades in the protocol.
Why do projects whitelist on Bancor?
Bancor’s mission is to reduce barriers to entry, allowing the long tail of user-generated currencies to emerge.
- Build healthy decentralized liquidity in their native token
- Provide the token community with a platform for long term LP-ing
- Single-sided liquidity: Generate Protocol-Owned Liquidity without selling tokens
- Provide the same level of liquidity at half the cost
- Coming in Bancor 3: Enable auto-compounding rewards that deepen token liquidity from day one
Liquidity provision is currently available on-chain only via smart contract / on Etherscan (guide). Please use at your discretion.
It is important to understand the risk of providing liquidity on Bancor while BNT distribution is disabled; liquidity deposits are affected by vault surplus/deficits immediately upon deposit. Read more on the mechanics and check if a pool is in surplus/deficit at analytics.bancor.network.
Trading of Crown ($CROWN) is now live with 200K of BNT Trading Liquidity and 256K of CROWN External… was originally published in Bancor on Medium, where people are continuing the conversation by highlighting and responding to this story.