Let’s add the benefits for snow here. For example, we will also use the commission in ada to buy snow.
Bottom line: the price of snow will soar, which will attract many new investors and fill the treasury.
Contests and Olympiads are good. But we need organic traffic. We need new people, new dex users. We need to motivate people who are tired of this sluggish market. They should see that you can make good money on muesli swap. I’m still talking about our snow token. Let’s use part of the commission fees to buy back the snow token. We need to push the price up.
If we raise the price, traders will come running and create a trading volume for us.
Positive:
- we will fill the treasury very quickly
- attract new users to dex
- I am sure that in addition to snow, they will also buy a milk token
Cons: I don’t see them
Let’s discuss what I’m wrong about?
I don’t understand your compulsive desire to pump the snow token. It has no utilities. All of your suggestions come off as you shilling Snow to pump your bag.
This is a benefit for the whole community, not just for me.
I can understand why some want this, but I think the buyback mechanism should be price agnostic. Having a dynamic buyback will introduce complexity and disincentive people to buy Milk over 50 Ada (in the example above). Muesli has been harmed in the past by not having a simple value proposition (is it a DEX, an aggregator, something else). The message needs to be clearly understood by everyone, and it will be far simpler to communicate the fact that X percentage goes towards buying back the Milk token whatever the weather!
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Hopefully we could utilise that now too as we are past the MILK V2 and actually have the DAO in the sight!
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