Weekly update on development process (Oct 10, 2022)

Coliquidity ($COLI) allows you to provide liquidity using only 1 token. We match two providers to create a joint position. Less risk, more reward for each LP 😉 Subscribe to our Telegram / Twitter to get notified about new pools.

Weekly progress

  • ⚒ Updated the Fairpool website: https://fairpool.io/.
  • 🤝 Signed up 1 more influencer for initial launch.
  • 🤝 Advised another project.

Royalties: how high?

There’s an ongoing discussion among the NFT traders: how high should the royalties be?

On one hand, high royalties incentivize the founders to develop their projects. The higher the trading volume, the more money they make, which they can (should) spend on marketing. This works well for huge brands like Yuga Labs, and for unexpected successes like Goblintown. For example, the Goblintown NFT has generated ~49000 ETH in volume at 7.5% royalty, which translates into ~3675 ETH for the creator. Nodd badd!

On the other hand, if the royalties are too high, the traders simply won’t buy the NFTs, because the breakeven price increases too much. For example, if the royalties are set at 50%, the trader needs to list his item at 1.67x just to break even. Also, the traders would simply be pissed off that too much money goes to the creator.

We feel that it’s better for royalties to be high rather than low, and the market will stabilize in the 7.5% — 10% range. The most successful projects will have high royalties & they will utilize their marketing budget to the max. And the new projects will imitate the most successful ones.

We also think it’s OK to add 25% tax in the case of Fairpool, because this tax will go directly into the pockets of the current token holders. The trader who’s thinking about buying the token will see the 25% tax as a positive thing — a reason to buy & hold for the long term.

Next week’s focus

  1. ⚒ Develop Fairpool.
  2. 🤝 Advise current projects.

About Coliquidity

Coliquidity ($COLI) allows users to make more money by banking on uptrend & collecting LP fees at the same time. If you want to get notified about early access to our pools, please follow our Telegram & Twitter. If you want to trade the $COLI token, use Uniswap or DEXTools.

Any questions? Reach out to us:

Website: www.coliquidity.com

Telegram: @Coliquidity

Twitter: @Coliquidity

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$COLI token: Uniswap + PancakeSwap

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Fairpool

Fairpool is a DEX for personal tokens. Create your token & receive royalties from trading volume. Increase volume by offering dividends / selling content.