Growth ecosystem Official Announcement. GRO is moving on to bigger and better things.
25 Aug 2022, 22:13
🔥 Growth ecosystem Official Announcement 🔥
GRO is moving on to bigger and better things!
Ok everyone, big things are about to happen for Growth Ecosystem!
Growth is consolidating all operations to BSC! We will no longer be on FTM or AVAX! Liquidity is being combined into BSC on Pancakeswap... There will be a snapshot of all liquid GRO, and all GRO locked in veGRO in about a weeks time.. We have added a large amount of GRO to the BSC GRO bridge for you to bridge over your GRO and await the coming snapshot!
The reason for this is so we can consilidate all 3 veGRO staking setups into one new version on BSC... There will be new revenue streams setup for the new staking system to reward those long term holders and boost their rewards massively!
GrowthEcosystem will purchase a significant position in xxHMINE, and also the coming GRO VDC's and counterparty pool on PERP's. Income from these streams will be used to reward those stakers in the new combined staking system..
Also wanted to bring you up to speed on an AMAZING development: There will be an incentives token added as an additional mechanism for PERP's.. It will not be part of the main PERPs contract.. It will be a standalone addition..
Incentives token - xPERPs: What it does is incentivise the depositing into the counterparty pool, and also tracks trading volume on PERP's.. Both of those activities are rewarded in the token..
Compound VDC shares in a portion of PERP's counterpary pool and trading fee earnings.
The token has an additional usecase: If you are staking in the Compound GRO VDC, you can deposit the token to increase the boost of your earnings from the counterparty pool.. There will also be an additional 1% that stakers would receive in GRO, that would be divided up among boosted positions..
It will be like having a mini-yield farm on PERP's.. There will only be 2 staking options, xPERPs/BNB and counterparty pool tokens.. You can stake the counterparty pool tokens to earn xPERPs also...
What this does is incentivise heavily the counterparty pool, and also trading volume on PERP's and it also provides a marketing angle for PERP's that could increase adoption of the platform massively..
The dev's are very much in favor of the idea, and think it is a very bullish addition for PERPs and GRO VDC's..
We want to get PERP's up on Dev server and us testing and making sure that has no problems by next Tues or Wed, and then once cleared, we can look at adding this additonal layer, and then snapshotting GRO, and veGRO (veGRO staking would just be snapshotted at this time, those contracts would be added later after the launch of PERP's etc)
Doing the airdrop of GRO to new token, and then we can launch the GRO VDC with the new token before the PERPs launch, so GRO VDC and the incentives token can all be rolled out, along with PERP's...
With the PERP's launch on the 7th, and xYIELD looming, and now xPERP's, and others, there has never been a better time to be part of the Growth Ecosystem!!! Get ready and packed, its time to start that trip to MARS!!!!!!