A Recap on the Launch of $DAMO
We have officially launched the DAMO/DAI LP on QuickSwap this morning and have completed the initial round of distribution for tokens. Users with vesting tokens will be able to claim their tokens based upon their vesting term on our platform when unlocked. A walkthrough on how to do so will be released separately.
Unfortunately, the launch itself didn’t go as smoothly as planned. While market conditions remain in our opposition, there were oversights made when rushing to meet our deadline. There is no excuse for our oversights and we have learned that meeting a deadline is never worth compromising quality or security. So where did we go wrong? Link for reference https://haidamo.medium.com/damo-is-live-on-quickswap-d6e90a39add2
As many of you know, we have announced that we will be launching a liquidity mining campaign tomorrow on the 10th. However, due to a miscommunication with integrating Liquidity Mining as a Service, we are forced to push back the campaign until our CoinGecko listing finalizes. The liquidity mining campaign will still occur, just at a later date. We have our listing application to CoinGecko, when that is complete, we will launch the LM campaign within the week. We understand these conditions are not optimal for launch, but we believe a more careful approach in the beginning will benefit us in the long term.
Where do we go next?
Once listed on CoinGecko, we’ll move forward with our integration with Alliance Block’s Liquidity Mining as a Service. While this decision was forced, we feel this will allow us to properly market and attract a more representative crowd to participate in this event.
Due to the LM being delayed, we are monitoring LP and will continue to add LP throughout the week while we await our LM campaign. Other than the LM pushback, everything else is full steam ahead. The dev team is building, more marketing materials are being prepared, and the future of decentralized asset management is progressing. Gearing up for this launch has been a tremendous experience and now the only thing left to do is build. We will continue to update the community more frequently about progress and release more materials explaining our platform’s mechanics.