You Asked For It…
Before we get into the meat of the article I wanted to talk a little about the price action over the last 24 hours. If you have been following along, you probably fully expected what happened to the chart, well, to happen. If you are still a little confused, let me break it down.
When we released staking, we were fully aware that there would be a drop in price. This is due to the people who could not afford or decided not to add additional BUSD, to the LP staking pool. This means that they were selling half of their T2K, putting it into the LP, and then staking that.
As I said, this was and is expected. We expect this to level off shortly. Keep in mind, we had the foresight for this, so the team has reserved $50,000 in buybacks, $40,000 of which is still available to help support the price.
Ok, now for the good news. Even though in the past 24 hours the token price has dropped 23%, our LP has actually increased since launch. This means that even though tokens were sold out of the ecosystem, the ecosystem itself has actually gotten stronger. Dollar for dollar, we have more LP today than the moment we launched and that is because of all of you.
As we all continue to add additional LP, these sales will continue to have less of an effect on the entire ecosystem and continue to hold the price of T2K at a more steady number.
Additionally, we are currently running a buy contest. So for every buy over $50 BUSD, you will be entered to win $250 worth of T2K tokens (Approximately 6,500 T2K). All you need to do is buy $50 worth of T2K to be entered.
This contest will last for 48 hours and the winner will be announced on Saturday. There are no forms to submit and nothing to do once you purchase. You will be entered into the drawing and one random wallet will be selected and sent the tokens.
One of the hardest things we've been juggling with is an easy place to stay organized with the sniper bot. As of right now, it is our major utility and it's our main focus over the next 30 days as well. We will soon see the Pre-Sale Sniper bot released as well as the NFT sniper bot. Honestly, I’m pumped.
What we wanted to do is bring our community closer and give everyone a birds-eye view of those people using the sniper. The research that goes into them, and how we keep things organized. Announcing the launch of the Sniper Bot Forum.
As of the posting of this article, it is fully live and operational. While we will continue to make some edits (colors, location of buttons, etc) it is available for use to anyone. You can go on the website and log in using your email, discord, or Twitter completely for FREE.
Let's get sniping boys and girls!