Announcement: Treasury Bankroll Token Swap for xGRO-BNB and xxHMINE Investments.
07 Oct 2022, 18:19
Announcement: Treasury Bankroll Token Swap for xGRO-BNB and xxHMINE Investments
Management has taken the decision to swap a portion of Treasury-owned xPERPS for xGRO and xxHMINE. These are xPERPS that have been accrued by the Treasury through previous VDC deposits, management fees, and some previous market purchases.
This means selling some xPERPS into the market and using the proceeds to buy back xGRO and xxHMINE from the market. This is being done for the following reasons.
1. With the forthcoming launch of xONE, we see benefit in increasing the overall supply of liquid xPERPS for people to purchase and deposit into the new ONE VDC to earn investment returns.
The dip created by the sale of xPERPs today is the perfect opportunity to buy up cheap xPERPs ahead of the ONE VDC launch and the new veGRO staking, both of which require xPERPs boosted positions to get the lion’s share of the bonus divs.
2. The xxHMINE purchased will be deposited into the Hypermine VDC, and staked on the exchange, to benefit existing depositors with further dividends.
3. The xGRO purchased will be combined with Treasury-owned BNB to create additional xGRO-BNB LP, to then make a large deposit into The Cultivator on behalf of the community, further boosting overall liquidity for xGRO and benefitting existing depositors with further dividends.
It is extremely important to Growth DeFi that, as a community, we continue to support and strengthen our partnership with EMP Money – primarily through The Cultivator – to attract continued fresh investment and new capital into xGRO.
We want to make it extremely clear to the community that The Cultivator will continue to be supported by periodic Treasury-owned bankroll investments which benefit depositors already there. Therefore, an excellent way to secure ongoing and long terms returns on xGRO is, quite simply, to be invested in The Cultivator.
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1Growth DeFiGRO #1377
07 Oct 2022, 18:19
Announcement: Treasury Bankroll Token Swap for xGRO-BNB and xxHMINE Investments
Management has taken the decision to swap a portion of Treasury-owned xPERPS for xGRO and xxHMINE. These are xPERPS that have been accrued by the Treasury through previous VDC deposits, management fees, and some previous market purchases.
This means selling some xPERPS into the market and using the proceeds to buy back xGRO and xxHMINE from the market. This is being done for the following reasons.
1. With the forthcoming launch of xONE, we see benefit in increasing the overall supply of liquid xPERPS for people to purchase and deposit into the new ONE VDC to earn investment returns.
The dip created by the sale of xPERPs today is the perfect opportunity to buy up cheap xPERPs ahead of the ONE VDC launch and the new veGRO staking, both of which require xPERPs boosted positions to get the lion’s share of the bonus divs.
2. The xxHMINE purchased will be deposited into the Hypermine VDC, and staked on the exchange, to benefit existing depositors with further dividends.
3. The xGRO purchased will be combined with Treasury-owned BNB to create additional xGRO-BNB LP, to then make a large deposit into The Cultivator on behalf of the community, further boosting overall liquidity for xGRO and benefitting existing depositors with further dividends.
It is extremely important to Growth DeFi that, as a community, we continue to support and strengthen our partnership with EMP Money – primarily through The Cultivator – to attract continued fresh investment and new capital into xGRO.
We want to make it extremely clear to the community that The Cultivator will continue to be supported by periodic Treasury-owned bankroll investments which benefit depositors already there. Therefore, an excellent way to secure ongoing and long terms returns on xGRO is, quite simply, to be invested in The Cultivator.
Announcement: Treasury Bankroll Token Swap for xGRO-BNB and xxHMINE Investments.
Announcement: Treasury Bankroll Token Swap for xGRO-BNB and xxHMINE Investments
Management has taken the decision to swap a portion of Treasury-owned xPERPS for xGRO and xxHMINE. These are xPERPS that have been accrued by the Treasury through previous VDC deposits, management fees, and some previous market purchases.
This means selling some xPERPS into the market and using the proceeds to buy back xGRO and xxHMINE from the market. This is being done for the following reasons.
1. With the forthcoming launch of xONE, we see benefit in increasing the overall supply of liquid xPERPS for people to purchase and deposit into the new ONE VDC to earn investment returns.
The dip created by the sale of xPERPs today is the perfect opportunity to buy up cheap xPERPs ahead of the ONE VDC launch and the new veGRO staking, both of which require xPERPs boosted positions to get the lion’s share of the bonus divs.
2. The xxHMINE purchased will be deposited into the Hypermine VDC, and staked on the exchange, to benefit existing depositors with further dividends.
3. The xGRO purchased will be combined with Treasury-owned BNB to create additional xGRO-BNB LP, to then make a large deposit into The Cultivator on behalf of the community, further boosting overall liquidity for xGRO and benefitting existing depositors with further dividends.
It is extremely important to Growth DeFi that, as a community, we continue to support and strengthen our partnership with EMP Money – primarily through The Cultivator – to attract continued fresh investment and new capital into xGRO.
We want to make it extremely clear to the community that The Cultivator will continue to be supported by periodic Treasury-owned bankroll investments which benefit depositors already there. Therefore, an excellent way to secure ongoing and long terms returns on xGRO is, quite simply, to be invested in The Cultivator.