15
« on: December 28, 2021, 03:23:24 am »
New Roadmap ahead of 2022
The year 2021 is over, but it hasn't been good for the project so far, a series of losses, poor funding and low user base, has hampered growth of the CRUDE franchise, however what's started must be completed, I cannot stop now over a few challenges, I'll use my experience to improve the project moving forward.
One very effective strategy that has worked for me so far is the airdrop campaigns, which is what I'll focus on more next year.
I'll also diversify whatever I invest to the project, some funds will go to external farming projects, to see if the fortunes of CRUDE can improve. Money made from the farms will then be invested into the project.
With that said here's how 2022 could look like for this project:
1. Airdrop Campaigns
At least one airdrop every month 10% of what is used to pay lenders will be set aside for the airdrop.
2. Yield Farming
Our focus for external farms will center around pancakebunny and multiverse capital but if more fund is generated we will expand our reach in order to maximize the potential of the project.
3. CRUDE swaps
Every month there must be at least 10million LVRG tokens swaps across all pools.
4. CRUDE.NGN
Our Stablecoin has performed so badly this year dropping to an all time low of 3million per dollar. Because of this a new strategy has been developed to combat this terrible performance. Most of the supply about 9.99trillion has been sent to abit to manage, he has more resources so hopefully he will put the asset to better use in the future. The remaining one has been divided with most of it sitting in liquidity pools to preserve the current price. The NGN is now pegged at 1.5million/$ in current market conditions and this value is reflected in the Stablecoin pool I created recently and also on the order books.
5. More Pools
Liquidity pools are the main drivers of the CRUDE franchise, they are the main attraction and the reason why I'll still go on with the project, so far close to 20pools have been created, a few of the pools have been successful so far while others have not. I'll work on creating even more pools in the future in order to entice as many prospective lenders and farmers as possible. The pools am targeting will not be mentioned but hopefully by the end of 2022 we should have at least 2-5 more liquidity pools.
6. Marketing
Marketing is a major problem right now as the current market climate is very competitive, lenders are more likely to go to other projects that have high reputation and offer better incentives than I can offer, hence the reason for setting up the 300% APY LVRG reward program which I hope to run throughout next year, with this figure lenders are more likely to be encouraged to lend to our pools, however the reward slots are limited due to the fact that payments are processed manually, so it will run on a first come first serve basis.
We also have the 125million distribution program for stakeholders who have above 2million in their wallets and the 120% BTS reward for holding STAKELP tokens.
These three campaigns have been very successful so far and will continue to be the focus campaigns of the project.
From time to time efforts will be made to promote the project on social media outlets so that new users can come. I'll will focus on keeping the community I have now at all cost and then building on it hopefully by 2022 the project will get better.