Avalanche Partnerships
Hello,
I have some announcements to make today regarding snowleopard.
Partnerships
As we wait for staking and governance to be finalized, we are making efforts to grow our community and connect with other projects in AVAX ecosystem. I am hoping to build relationships with several projects, and hopefully you will be able to notice one or two of these over the next few weeks.
As to our first, we are excited to announce:
avax.olive.cash Partnership
Firstly, many thanks to Rose from Olive for all their help and hard work.
For those of you who don’t know the project, olive.cash is a pancakeswap fork on Avalanche that helps to launch tokens by donating farming pools. They have many nice features on their platform including an autocompounding pool for their native token, as well as using all fees produced on their dex to buyback and burn $OLIVE tokens. Due to this, $OLIVE tokens will likely rise in value over time. In my opinion, this is a good first project to partner with for snowleopard.
Because of this new connection with Olive, snowleopard holders will now be able to farm $OLIVE by depositing liquidity in the snowleopard-avax pair on Olive’s dex. I have started the pool with a small amount of remaining dev tokens to pay the new pool gas. Now, the more liquidity the community can provide, the higher Olive will boost our APY. This is a good opportunity to begin extracting value from your snowleopard tokens.
Secondly, Olive holders can farm snowleopard in the Olive garden. I have given the rest of the dev tokens to this pool so now all snowleopard tokens are distributed into the community. As our twitter-based marketing airdrop did not bring in the expected number of people, this is a good way to allow snowleopard to propagate out into the avax ecosystem, and into the hands of strong holders.
Governance Update/Potential Airdrop
So far, the staking contract is going well, and I would say we are still on track for August release as indicated in our roadmap.
I am also working to build tokenomics of our governance token. My main thought is still to distribute all of this token through staking snowleopard, either single-sided or with avax-snowleopard LP (both Pangolin and Olive pools will work).
However, now that dev has no snowleopard tokens left for airdrops and rewards, I think we will save some % of the tokens to give to those most committed community members — who provide liquidity and help out with telegram and marketing activities. Those who dedicate time and avax to the community will not be left uncompensated.
Liquidity locking
Initial locking of dev liquidity on Pangolin expires in 13 days. When it ends, I will relock all liquidity for a further 3 months, taking us past the time when staking is released. Depending on how much liquidity we have at the time, I may balance liquidity between Pangolin and Olive, however this will be up to community.
After 3 more months we reassess where the project stands and if staking/governance is working well. We may move some liquidity to governance token if necessary, but again all will be locked up, likely for a year. And if snowleopard is then top animal token on Pangolin, we burn all dev LP!
Final thoughts
I think today, snowleopard project is going well. Maybe too slowly for some so far — but today is the first step on beginning to speed up our growth, with more steps to come. However, note that crypto market is still sort of bearish overall, and micro-cap coins not doing so well at the minute. Maybe we don’t see immediate results for our efforts.
But I enjoy working on snowleopard and think there are some very good people within our community. In the long term, I am confident that this project will be quite successful.
Take care all,
snowleopard dev
