Thanks for the update. It looks really interesting.
I’m curious about Liquid Loan - how to use the tokens you’ve collected?
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Hey,
ASTR will be staked in the dApp Staking, rewards will be used for team funding. You can check the first post for more details.
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Thank you for the good proposal. I’d like to ask a few additional questions:
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Regarding the project, it seems quite okay, but I’d like to ask about the business side - what numerical targets does the team have in mind?
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From the project concept perspective, what does the team see as the advantages and disadvantages of the project?
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Hey,
- Liquid Loan parameters and targets is to be announced tomorrow, please follow our updates;
- Here is the good post on this: Announcement: The launch of Algem’s Liquid Crowdloan - #12 by igporoshin
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Nice, will keep an eye on it
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I am using Algem and am considering unlocking some ASTRs to use for Liquid Loan.
When would I need to unlock them in time for Liquid Loan?
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We are thrilled to announce that the Liquid Loan will launch in just one week! This milestone event marks a significant step forward for the Algem community and we are excited to share the details with you.
Liquid Crowd Loan Parameters
The Liquid Loan will feature a milestone system where the total reward pool will depend on the amount of ASTR collected. Here are the specifics:
- If 100,000,000 ASTR is raised: The reward pool will be 7% of the total ALGM supply, which equals 7,000,000 ALGM tokens.
- If over 75,000,000 ASTR is raised: The reward pool will be 6% of the total ALGM supply, which equals 6,000,000 ALGM tokens.
- If over 50,000,000 ASTR is raised: The reward pool will be 5,5% of the total ALGM supply, which equals 5,500,000 ALGM tokens.
- If up to 50,000,000 ASTR is raised: The reward pool will be 5% of the total ALGM supply, which equals 5,000,000 ALGM tokens.
Event Duration
The Liquid Loan event will last for three weeks, giving participants ample time to contribute and secure their rewards.
Referral System
Our referral system is designed to reward both referrers and their invitees. Here’s how it works:
- Referrers: Will receive a 5% bonus from the allocation of those they invite.
- Invitees: Who join the Liquid Loan using a referral code will receive a 2% bonus on their allocation.
Details:
- After you make a deposit in the Liquid Loan, you will be able to generate your referral code.
- Accordingly, participation in the Liquid Loan is mandatory in order to generate a code.
- Since there is no referral dashboard, at the end of the event we will analyze all the data and publish the results in the form of a Google spreadsheet. As a result, a bonus allocation will be formed.
Whitelist Bonuses
Participants who are on the whitelist will receive special bonuses during the Liquid Loan. Being on the whitelist not only provides early access but also additional ALGM rewards, participation in the Algem Angels Fund and more. Please read the article describing all the benefits.
Detailed Instructions
We will provide precise instructions and guides before the start of the Liquid Loan to ensure a smooth participation process for all users.
Join the Whitelist Now!
This is your last chance to join the whitelist and secure exclusive benefits. The whitelist application form will close this Friday, so make sure to submit your application now.
Apply for the whitelist → forms.gle/m1K9LK2LwCMCFstb8
Stay tuned for more updates and prepare for an exciting three weeks of the Liquid Crowdloan event!
The Liquid Loan will be launched next Monday and will last for three weeks, so I guess it is better to unlock today or tomorrow.
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Okay, thank you very much!
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Thank you very much for the good activities. May I ask about the numerical target? What is the team’s goal and what are the details? =)
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Hi, could you please message me on TG? @igporoshin
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Here are the the numerical targets (milestones):
- If 100,000,000 ASTR is raised: The reward pool will be 7% of the total ALGM supply, which equals 7,000,000 ALGM tokens.
- If over 75,000,000 ASTR is raised: The reward pool will be 6% of the total ALGM supply, which equals 6,000,000 ALGM tokens.
- If over 50,000,000 ASTR is raised: The reward pool will be 5,5% of the total ALGM supply, which equals 5,500,000 ALGM tokens.
- If up to 50,000,000 ASTR is raised: The reward pool will be 5% of the total ALGM supply, which equals 5,000,000 ALGM tokens.
Great to see this update finally coming to life! Excited to watch how the Liquid Loan event unfolds and the impact it will have on the Algem and Astar community!
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Roadmap After the Liquid Loan Event
Introduction
It’s important for our community members to understand our plans following the Liquid Loan event (previously called Liquid Crowdloan), including when they will receive their tokens and where they can utilize them. In this article, we will address all these questions and provide clarity on next steps.
Post-Liquid Loan plan
- Liquid Loan Launch:
- The Liquid Loan will be launched next week on Monday December 2 and will run for three weeks until December 20.
- ALGM Token Distribution:
- Immediately after the Liquid Loan ends, users will start receiving their ALGM tokens from the main allocation of the Liquid Loan. Within several weeks, the bonus allocation (referrals, whitelist participants) will be calculated and added to the vesting contract. The main allocation can be claimed on the Liquid Loan page, while the bonus allocation can be claimed on the vesting page. A link to this page will be provided to the community.
Attention:
- ALGM tokens received through the Liquid Loan will remain non-transferable until the token listing.
- ALGM tokens from the main allocation will be distributed on Astar EVM, while bonus allocations will be added to a vesting contract on Soneum.
- The Bootstrap Phase of Liquid Farming and Liquid Staking V2:
- Concurrently with the completion of the bonus reward calculations and the start of their vesting (i.e., one to two weeks after the Liquid Loan ends), the bootstrap phase of Liquid Farming and Liquid Staking V2 will be launched. During this phase, users will be able to accumulate points for participating in Liquid Farming and Liquid Staking V2, which can later be exchanged for ALGM tokens. This phase will last for four to five weeks.
- Reward Distribution and Staking Launch:
- After the bootstrapping phase of Liquid Farming and Liquid Staking V2 ends, we will need one or two weeks to finalize the results of this campaign and distribute the rewards to eligible participants through the vesting contract. Simultaneously, allocations for early Algem users, contest participants, and other events will be distributed.
- At the same time as this reward distribution, we will launch ALGM staking, allowing users to start earning rewards on their ALGM tokens.
Conclusion
As you can see, we have a packed schedule of launches ahead, so make sure you are subscribed to our announcements to stay updated!
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congratulations, this is great, liquid loan would be interesting, what kind of assets will be used and any plan to attract more users? I would be happy to help with Chinese community side
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Hi @igporoshin whats the best place to stay updated?
It’s a very interested concept and hope this will get traction far beyond the Astar community.
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Hi,
For Liquid Loan ASTR will be used as the main asset, users will get aASTR as the liquid token in 1:1 proportion to the deposited ASTR.
any plan to attract more users?
Sure, next Monday, with the launch of the Liquid Loan, referral (we have on-chain referral system) and deposit contest with huge reward pool will be launched.
I would be happy to help with Chinese community side
Thank you for this proposal! Could you please contact me on TG @igporoshin for better coordination?
If any other Astar ambassadors would like to participate, you can also contact me directly on TG.
Thank you, Maarten 
Our media a the best source for this: x.com
We are excited to announce that aASTR, the liquid token of the upcoming Liquid Loan, will be integrated with the SynStation staking contract next Monday! This means that Liquid Loan participants will be able to immediately stake their aASTR on SynStation and farm points, which can later be exchanged for the SynStation token.
This way, right after the launch, users will start earning three types of rewards: our ALGM tokens, SynStation points, and rewards from the referral and deposit contest.
More opportunities to use aASTR will be added over time, including on Soneium after its launch.
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Can price movements due to arbitrage damage the stakers? Are ALGMs just a standard token to be used in governance or is there a financial equivalent? Are you considering a pool for aASTR and nsASTR (neemo finance LRT token)? Exchanges between these two tokens could help both projects benefit from the partners they have and maximize user benefit in a competitive market.
I also love the whitepaper on github. Thanks for your efforts.
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