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/biz/ - Business & Finance

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File: 95 KB, 1762x660, Liquidity Dividens Protocol LID.jpg [View same] [iqdb] [saucenao] [google]
20877538 No.20877538 [Reply] [Original]

Liquidity Dividends Protocol (LID)

LID is a legit project and /biz/ is failing to catch wind of it while it's still early. $4 market cap at the moment and rising.

Private token sale just ended not too long ago.

The Liquidity Dividends Protocol (LID) uses technologies that provide solutions for depositing liquidity into Uniswap while also offering a social rewards based staking system.

Great community, actually needed usecase. Use case is preventing scams on Uniswap such as anon developers rug pulling supposedly locked liquidity

Uniswap is becoming huge and this solves the liquidity and scam problems which were the only negatives about it.

Staking hasn't even started yet, it's set to go live tomorrow, August 1st at 8pm PST. Read more: medium.com/@LIDProtocol/lid-staking-goes-live-soon-2f46a0ba5bfb

From the telegram, where the team is surprisingly extremely responsive --> "Estimated Circulated supply 86.4M" --> $4,112,892 market cap as of this writing. Team has only 10% of the tokens which vest over 10 months. Tokenomics page on the website and medium article.

As always, DYOR anons. I jumped into this yesterday expecting a nice quick little 2x and planned to sell and take profits. But the more I read, the more I actually believe this is a legit project. I bought a moon bag and am holding onto it.

>https://www.lid.sh/

>https://stake.lid.sh/

>https://twitter.com/LIDProtocol

>t.me/LIDProtocol

>> No.20877685

Just loaded up on the dip. Staking starts tonight. Moonwalker ama next week. Wish I could get more.

>> No.20877744

>>20877538
Its an empty shell of a project. It just pops up with a super generic website, a "dapp" and a bunch of dudes that call themselves team members shilling it. Thats it. Thats the entire project.

>> No.20877856

I bought a bag just now. Thanks fir the heads up anon. This was on my radar yesterday. And I now pulled the trigger

>> No.20877865
File: 63 KB, 1807x613, LID Token Distribution.jpg [View same] [iqdb] [saucenao] [google]
20877865

Coming to the LID token distribution, about 40% of the total supply was bought during the presale. Of the total supply, 20% are locked as funds for the LID DAO, and these will be released at a rate of 0.16% per day. The staking rewards pool and team funds, which constitute 9% and 10% of the total supply, are currently locked and will be released at 10% of the current pool per month and 0.33% per day respectively.

Presale price started at 50k LID per ETH and the last price was 18k LID per ETH. Presale price was basically $0.0175, which is not even a 3x from where we are now. That is extremely bullish as most presale investors for other projects have a 10x to 100x before you even jump in. This hugely prevents the likeliness of getting dumped on.

>https://medium.com/@LIDProtocol/lid-token-distribution-presale-details-d6ea7de546de

>> No.20877970

>>20877744
My thoughts exactly. I had a chance to get in on the presale, but it looked too dodgy to me then and it still looks too dodgy to me now. I wonder if anyone will remember it in 2-weeks time.