Utilization of Funds

Incentive Programs:

- Develop incentive programs to encourage participation in both the V1 and V2 markets.

- This could include rewards for liquidity providers, staking rewards for SD and SLP holders, or other yield-generating activities.

Market Development and Expansion:

- Allocate funds towards marketing and community engagement initiatives to increase awareness and adoption of both SD and SLP tokens.

- Consider partnership opportunities or integration with other platforms to expand the utility and reach of these tokens.

Reserve for Market Stability:

- Keep a reserve of the raised funds to manage liquidity needs proactively, address any market volatility, and support the overall stability of the SD and SLP markets.

Governance and Upgrades:

- Set aside a portion of the funds for the continuous development of the SingularDEX platform, including governance system enhancements that involve SD token holders.

Last updated