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1Idexo TokenIDO #3567
06 Oct 2023, 20:06
Hey Idexonauts!
Hope you are all doing well despite the tough market. We continue to build and strive to find solutions that will add fees and liquidity to the idexo ecosystem. On the liquidity side, our goal is to increase demand for $IDO tokens through the attractiveness of staking in directional staking pools like that of $NFTMe (new name and app coming soon). As new members buy $IDO to stake in those pools, it increases liquidity and network value.
On the fees side, we are adding some new features to the core SaaS product and looking to add some wholly new products with self-sustaining fee streams, payable in $IDO and/or using $IDO buyback mechanisms through specialized clearing smart contracts. To that end, we have also been participating in hackathons, which are great networking with hackers and protocols that offer grants, increase idexo brand awareness, create the opportunity for prizes as well as new products, keep skills sharp and inform on latest technologies that can be leveraged.
We are currently participating in the EthOnline hackathon, starting today and running until October 27, organized by EthGlobal (i.e. Ethereum). The app we are building is called Deadman Switch, a system for creating private content that becomes public upon death or incapacitation and leverages Lit Protocol, Filecoin, and Scroll. If you would like to participate in testing out the app and providing feedback, please let us know in the comments or reach out by DM.
An additional key benefit of this project is that we will be creating encrypted NFTs for this and those will have broad applicability for other idexo initiatives and products.
Hey Idexonauts. Hope you are all doing well despite the tough market.
Hey Idexonauts!
Hope you are all doing well despite the tough market. We continue to build and strive to find solutions that will add fees and liquidity to the idexo ecosystem. On the liquidity side, our goal is to increase demand for $IDO tokens through the attractiveness of staking in directional staking pools like that of $NFTMe (new name and app coming soon). As new members buy $IDO to stake in those pools, it increases liquidity and network value.
On the fees side, we are adding some new features to the core SaaS product and looking to add some wholly new products with self-sustaining fee streams, payable in $IDO and/or using $IDO buyback mechanisms through specialized clearing smart contracts. To that end, we have also been participating in hackathons, which are great networking with hackers and protocols that offer grants, increase idexo brand awareness, create the opportunity for prizes as well as new products, keep skills sharp and inform on latest technologies that can be leveraged.
We are currently participating in the EthOnline hackathon, starting today and running until October 27, organized by EthGlobal (i.e. Ethereum). The app we are building is called Deadman Switch, a system for creating private content that becomes public upon death or incapacitation and leverages Lit Protocol, Filecoin, and Scroll. If you would like to participate in testing out the app and providing feedback, please let us know in the comments or reach out by DM.
An additional key benefit of this project is that we will be creating encrypted NFTs for this and those will have broad applicability for other idexo initiatives and products.