So the recent announcement of liquidity mining / farming is flawed in my opinion.
Requires active trading. It would be better if we call it incentivised trading.
Farmers / Traders and Holders are different type of people. There goal is different. Clubbing them all together and asking them to actively trade is not correct and won’t be helpful.
I my opinion we have two issues.
1- liquidity for #NEX token itself
2- Trading volume of the exchange.
I know security compliance and its limitation
I might might give a solution that’s solves everything. But might require slight changes in business model.
NEX/ETH bridge by Nash Exhange
Someone creates a pool for NEX/ETH on uniswap.
LP tokens from the above pool is staked at NEX and Nash exchange provides yield in NEX.
Liquidity pool is created on Nash Exchange itself for various trading pair
Yield is provided by Nash exchange in the form of pool tokens or NEX (whatever is feasible)
Trading volume automatically increases when someone goes in or out of the pool.
Incentive for stakers
Provide yield boost for above two solution if someone has STAKED 1000 #NEX for 2 years.
To make sure incentives for staking NEX for 2 years is still there and it is aligned with core business model.
Farmers are one of the most tech savvy bunch in crypto and they move in herds.
Starting incentivised trading and calling it yield farming will shut doors for them once and for all.
We have one chance to do it right and keep everyone’s interest.