After the amazing work done by the UBIQ team with Shinobi, a very nice and smooth working uniswap clone on the UBIQ blockchain, the first farm is live.
Token Generation Events (TGEs) act as the means of distribution for a token through the use of Yield Farming ESCH-UBQ Liquidity Provider (LP) tokens.
$ESCH is a governance token that was distributed to $UBQ holders over the years and this is one of the firsts use-cases for it.
TGE1 will be the first token farmed with an early distribution phase (8 million TGE1 distributed in the first 5 months), while the remaining 2 million will be distributed over the next 10 years. This is a "test token" that will probably have no value, but more TGEs will be launched in the future.
You can use your ESCH-UBQ LP tokens to start Yield Farming TGE1 now at: https://tge1.ubiqsmart.com
If you have never tried Yield Farming stop by Ubiq Discord for any questions; using the UBIQ network is amazing to learn about DEFI and yield farming, since the fees are basically 0.
The team has plans and looks forward to bring further protocol tokens to the Ubiq network and live Token Generation Events in 2021 and beyond!
If you don't know how to use Shinobi, just check the article that I published a few months ago here.
Register on Bittrex if you don't have an account already, buy some $UBQ and start learning and earning with Shinobi.
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My empty sparrow $UBQ address: 0x2B5b8f1d03C0b04842412B952D8C332387d91727
