LikeCoin Update | $LIKE + $OSMO Double Incentives Pool on Osmosis, Launching of Tech and Marketing SubDAO
Bi-weekly LikeCoin update. 2022.03.18.
🤖 LikeCoin in Cosmos
After passing LikeCoin proposal #37, which suggests an external incentive of 15,000,000 LIKE for Pool 553 - LIKE/ATOM and Pool 555 -LIKE/OSMO pools on Osmosis, the Osmosis community has also approved proposal #163, which agrees to match the LikeCoin incentives with OSMO. Starting this week, participants who use 553 and 555 for liquidity mining can enjoy up to approx. 197.2% APR with a substantial incentive from both OSMO and LIKE! Earn more with your LIKE today. Click here for the tutorial.
Another 10% of the validator commission has been used to purchase LIKE for supporting the delegation of Civic Liker.
The remaining 80% of income will be used as the operating expenditure of relayers to link with the other Cosmos blockchains.
Many thanks to validator Yasu and his colleague Jack Ho for their development of the IBC relayer for Juno channel-69 and LikeCoin channel-11, which fosters the interactions between LikeCoin and the other chains.
Since the LikeCoin airdrop took place on 21st February, LikeCoin wallet addresses surged from 29,154 to 53,495 (as of today), which indicates a continuous increase in LikeCoin users.
Number of wallets that claimed airdrop: 21,700 (as of 13th March)
Distributed LIKE: 9.1 million (as of 13th March)
84% of the users claimed their entitled airdrop reward by completing four required tasks.
👍🏻 Civic Liker Web3
The Civic Liker Web3 campaign ended on 7th March 2022 at 12:00 (GMT+8). During the activity, a total of 436 users became Civic Likers, and 4,176,896 LIKE were delegated to the Civic Liker node. A total of 100,000 LIKE will share with participants. All eligible participants should have received an email notification. LIKE reward was also sent to the corresponding Civic Liker wallet address. Please continue to support the Civic Liker node.
POAP NFT Badges
Liker Land will give away POAP NFT badges to the 436 participating civic likers and all previous participants of civic likers. A redemption email will be sent to all eligible user's email addresses very soon. Stay tuned!
LikeCoin DAO Updates
Proposal #36 approved the establishment of TechDAO which will actively participate and manage the development of LikeCoin. Its works include:
Prepare the usage of Cosmovisor in the next upgrade of LikeCoin chain to facilitate validator upgrade; upgrade to Cosmos SDK v0.44 and introduce dual-prefixes of cosmos1 + like1.
Develop LikeCoin Faucet to help new users.
Integrate Numbers Protocol.
Explore NFT modules built on Cosmos SDK. Oursky has already created the spec on GitHub. All are welcome to comment or PR.
Draft a list of features and DApps wanted by the LikeCoin community.
Get in touch with developers interested in the development of LikeCoin.
For more information, please visit LikeCoin Discord #tech-subdao channel.
Proposal #38 approved the establishment of Marketing SubDao. UDomain CEO Cheung To and Phoebe from Liker Land were appointed as founding members, who will help identify LikeCoin’s marketing needs. A lot of work has to be done next:
Raise marketing funds from the community pool to pay vendors such as Irtysh Digital. Proposal #42 is now in the voting period to request 1,000,000 LIKE fund.
Improving DePub Copywrite and LikeCoin homepage
Optimize community operations
brand ambassador campaigns with newly onboard student blockchain club