Project lauch status quo
In xDAI-LP for trading on Honeyswap
Provide MIVA:FRACTION Liquidity on Honeyswap.
Place LP token in the farm and receive a MIVA stream (with up to 124% APY).
Symmetric is an Automated Market Maker (AMM) and the second Decentralized Exchange where FRACTION got whitelisted after Honeyswap.
Soon to be revealed.
Stay tuned and follow @Fraction_Token on Twitter for updates!
The basic idea evolved from the state of having a pretty good idea of what a ‘classical fungible/tradeable cryptocurrency’ is and at the same time having no fuckin' idea how ‚NFT's (Non fungible tokens)‘ actually work.
To make the transition easier, there's the FRACTION token. It's a token with a total supply of only one.
No-one can ever own one full token - only ever a fraction of it. Since there‘s no Airdrop/Airstream, the value of the token is completely based on trading behaviour on the DEX (Decentralized Exchange) „Honeyswap“ on the xDai-Chain.
See it more like a „collectible you can trade like a currency“. It‘s not meant to have any real-life applications or usage as some kind of an utility token.
The inital liquidiy pair gives the FRACTION Token a value of 2000$ (in xDai - see Liquidity Pool). From there on everybody can buy/sell a fraction of the token on Honeyswap. To add liquidity to the pool or open up a new trading pair, holders also have to get FRACTION via Honeyswap which additionally contributes to the price dynamic of the token.
Also the price impact on swaps prevents getting huge chunks of the token and favors tiny fractions.
You can expect hardly any updates to the project once the liquidity pools (xDAI-FRACTION, MIVA-FRACTION) get established and listings are avaliable - so no need to stay updated, follow @Fraction_Token or revisit this site - tho you‘re welcome to do so whenever you like to check the current price, holders, last trades, etc ^^
Easy! Hop on Honeyswap and get some fractions of the token! After that, you'll have to make a hard choice: Hodl it or put it back into the Liquidity pool. Simply hodl'ing it in your Minerva Wallet may seem like a safe bet, but consider this: If you put it back into a liquidity pool, not only you make it easier for someone else to get a FRACTION - you can also earn trading fees every time someone else either buys or sells the FRACTION token. Sounds familiar?
But there will be a point in time, when the token is already too fractioned that you won't be able to put a significant amount back into the liquidity pool to get a satisfying amount of those sweet sweeeeet trading fees. From there on it's just trading&hodl'ing, baby!
There are multiple ways to get xDAI!
If you're having problems on swapping and/or moving tokens on Uniswap/Honeyswap or the xDai-Bridge, feel free to NOT ask me for assistance. There are plenty of guides out there. You're smart, otherwise you wouldn't be here.
You can do it.
I believe in you.