Hadeswap Releases ABC Staking
Hadeswap brings staking to NFT collection ABC. As a decentralized NFT, it has no team behind. This leaves it to community projects, like Hadeswap, to bring value to the collection.
- Author: Illustrious
- Published: January 18, 2023 at 15:00
Community-driven non-fungible token (NFT) exchange Hadeswap just released staking for the NFT collection Abracadabra (ABC). Stakers would be rewarded with the exchange's token, HADES.
🔁 #ABC Staking is LIVE on Hadeswap 🧙🏼♂️✨
— hadeswap (@hadeswap) January 18, 2023
Easy as 1, 2, 3:
- Start staking NOW your ABC NFTs
- $HADES rewards will go LIVE on January 23rd at 00:00 UTC
This means you have a couple of days to stake and be prepared to receive $HADES!
Making magic happen 🪄
For utility, the token can be used in governance and staking, as well as in auctions of Hades NFTs. 90% of the profit from protocol-owned liquidity would be used to buy back and burn HADES, resulting in a deflationary token.
Launched by HGE.SOL, ABC is a decentralized NFT. It is immutable, has creative commons zero (relinquished digital rights), and has no team or company behind it. The community is incentivized to create products surrounding the ABC collection, rather than individual collections.
Hadeswap protocol is contributing to #ABC and was built by 1 out of 1763 current ABC founders.
— HGE.ABC 🔤🧙♂️ (@HGESOL) January 22, 2023
A good example is now set, how a strong community can rally behind you if you build something people use and rewards them.
Do you think it will stop here?
Hadeswap is an on-chain Automated Market Maker (AMM) for NFTs launched by some founders of ABC. By introducing NFTs to AMMs, HGE aims to improve NFT liquidity by giving users the same experience traders have while swapping on Uniswap. Those who provide liquidity would also receive yield from swapping fees.
When Hadeswap launched, it was said on Twitter that it plans to "highlight the role of ABC NFTs and make onboarding easy as 123."