Recap of the first week of Ceres and plans for the coming weeks…
First, we would like to thank our community for their huge support and trust. Ceres ILO sold out in just over an hour which really surprised us as it was predicted that the Ceres ILO should last for 7 days.
We would also like to thank our friends and partners such as Sora, Polkaswap, UMI digital and Unicrypt. We are looking forward to further cooperation and future projects. Let’s not forget our ambassadors who have done a great job in recent weeks.
Ceres tools tools.cerestoken.io has recorded an increase in attendance of 400% in the past 7 days, what is extremely pleased for us is that Polkaswap users are increasingly using our tools. It’s good to mention that the new projects on the Sora network (Ceres and Umi) have brought an increase in volume on Polkaswap and we believe that this is just the beginning.
The XOR / CERES trading pair at one point was the second pair by volume on the Polkaswap right after the XOR / DAI trading pair which we are extremely proud of.
We are also surprised by the Coingecko and CoinMarketCap listing only 15 hours after applying what proves the potential of the Ceres team and the Ceres project.
The Ceres token(cerestoken.io) is also listed as a crypto asset on Nomics (http://nomics.com/assets/ceres-ceres), LiveCoinWatch (http://livecoinwatch.com/price/Ceres-CERES), and Coinbase (https://www.coinbase.com/price/ceres) which is an extremely important thing for us too.
In the coming weeks, the marketing team and advisors will increase their activity in order to attract as many people as possible to Polkaswap and Ceres. As well our plan is to launch a Ceres Youtube channel where we would explain how to buy Ceres on Polkaswap (if someone is not sure how to use a Hashi bridge, Polkaswap and Polkadot-JS wallet).
This week, the Ceres team, as we have announced, locked 80% of its tokens and we burned 25 Ceres tokens reducing total supply to 24,975 and current supply to 21,975 tokens (3,000 tokens were locked by the team).
Our developer team made an API for Ceres supply this week because accurate data about the current supply and market cap on Coingecko and CoinMarketCap can’t be seen because of trading on both Polkaswap and Uniswap.
It is also important to note that Polkaswap uses our tools API to calculate FIAT prices on polkaswap.io in new update. We would like to thank Sora team once again for support, we look forward to further cooperation.
And now the most important things…
From next week, our developer team will be divided into three groups;
- The first group with advisors will work on a Polkaswap burning tracker (which should be live in the next month). It’s a tool that will track PSWAP supply and burning progress as well as trying to better explain the great tokenomics of PSWAP. This tracker is sponsored by the PoCoCo team and we would like to thank them for their trust.
- The second part of the developer team is working on redesigning tools.cerestoken.io and the burning tracker for the Ceres token, which will be displayed on the cerestoken.io site.
- The third part of the developer team will continue to work with advisors on the Ceres liquidity locker, which will be released by the end of this year according to the roadmap.
What is the purpose of a Ceres token?
As you may have seen so far the Ceres token will be burned from the fee that will be paid for the Ceres liquidity locker and platforms related to other tokens. It will provide additional security and transparency to the community at the Polkaswap and protect them from potential scams and rug pulls. A fee will be reduced depending on the price of the token in order to be as acceptable as it can be to future projects coming out on Polkaswap. The Ceres token is also a governance token with which holders will be able to influence the decisions and development of the Ceres project in the future. Holders of the Ceres token will also receive each of the next airdrops that the Ceres team will launch. Our current focus is on Liquidity locker at the moment as an extremely important tool for the development of Polkaswap and the Ceres project itself.
Why does Ceres have 3 airdrops?
Ceres team has decided on 3 airdrops because we plan to build 3 independent platforms that will be connected to the Ceres token. In the coming weeks, we will publish more details about Demeter airdrop, a DeFi platform on the Sora network that comes out in Q1 2022.
Conclusion
The main goal of the Ceres team is to build tools that will make Polkaswap as interesting as possible for new projects and new users, we would like to bring new people and inform them about the benefits of Polkaswap. Our belief is that the tools and tokens will be more and more attractive to the new projects and members in the future, and we are always open to help and cooperate by making the Sora network and Polkaswap popular in the crypto community.
Thanks again and many greetings.
Your Ceres team
