In an effort to keep the community in mind without diluting our loyal long term investors, we’re pushing a few updates regarding the rewards tiers:
- All LP providers already earn FARM drip, now they’ll earn extra XRP drip. No minimum requirements to receive both drips (only for LP providers)
- The XRP drip amount increases a tiny bit for all FARM and LP holders
- Holding-requirements to receive cropdusting will reduce from 500,000 to 123,000 FARM tokens, or the LP equivalent in dollar value
- Trustlines for prior cropdusting are no longer required to receive new cropdusting, but we may randomly drop additional rewards to holders with all trustlines (One member posted a screenshot of a year’s haul of free cropdusts currently worth over $1000 just by setting and forgetting trustlines)
- Holding-requirements to receive daily XRP drip stay the same for FARM holders. XRP is a hard-asset and we will not dilute the rewards of holders with 589,000 FARM or more
Full announcement is in our TG.
t.me/c/2518386426/27622
1. FARM is not a meme project. It’s an institutional minded project that utilizes memetic strategies.
2. FARM has always had thick liquidity, and it was the discovery of the utility that drove price action. Liquidity has never once thinned, and the buys rolled in during/after my space this Monday where I explained our utility in granular detail. Listen to the recording. Then check the time of price action.
3. Every single XRP holder had the opportunity to buy FARM for cheap for over a year. Utility was announced from day 1, it just wasn’t shilled that hard until last week. In fact, we put up sell walls (only when asked for) to help buyers enter with no slippage. The “farm elite” are just year long believers. They deserve their access to utility for taking the risk on us, and people who faded for a year can pay the premium.
4. The 2.5m tier is locked but we have full flexibility to change or add any other tier.
5. FARM will never price out new holders. It can absolutely price out retail ones. So far we’ve only onboarded the retail sector (people like you and me). We’ve given every opportunity to help the common XRP holder get into FARM.
Once FARM gets too expensive for retail, the team can pitch to institutional investment if we need to. Because that’s what FARM is about to become. Institution can buy on top of the community’s entries.
6. The profit/exit point isn’t selling the token. It’s staying all the way to Longhold NFTs. FARM holders receiving daily drip who don’t graduate to Longhold NFTs will still earn XRP drips until there are no more active holders.
Furthermore, retail XRP holders can access sharded Longhold NFTs through MPTs. We will provide a bunch of MPTs ourselves, but just know any Longhold NFT holder can also shard their own into 100 MPTs and sell as many as they’d like. This offers Longhold holders the flexibility to hold some passive income and sell some for up-front profit, and this offers entry opportunity to getting our treasury rewards at a more affordable scale.