Do repost and rate:
The team at Sundaeswap is launching their IPO tomorrow (May 25th) (I have not been able to find the actual time it will open). Sundaeswap will not be available to the public - Ada holders will need to delegate their tokens to the Sundaeswap stake pool from their Tori or Daedalus Wallet.
- Initially 100% of your Ada reward will be given to the Sundaeswap Pool - In exchange you will receive Sundaeswap token as rewards for your staked Ada.
- Rewards will fluctuate based on price of Ada - Sundae is being valued by their team at .08 when calculating rewards. For example, if you would have received 100 Ada at $2.00 as rewards - you would instead receive 2500 Sundae Tokens.
- The product will launch on Cardono! Lots of free hype there! One of the projects founders (Pie) mentioned on a youtube interview with bigpey that the initial product will predominantly be a swap tool - but all the other cool defi games like yield farming and liquidity pools will follow close behind.
- IT REALLY LOOKS LIKE WE ARE TALKING ABOUT UNISWAP WITHOUT THE INSANE GAS FEES - IF THAT IS THE CASE - WHO IS GOING TO CONTINUE TO PAY FOR WAY MORE EXPENSIVE - WAY SLOWER TRANSACTIONS?
- This project is worth checking out - and the fact that you can get in without an initial investment is going to be met with praise in the Cardono Community (of course this is only my opinion through my interaction within the community the past 18 months or so).
