Announcing the Method Finance LBP on Balancer
We’re here to announce the moment that the community has been waiting for… the Method Finance Liquidity Bootstrapping Pool (LBP) on Balancer! The opportunity to join the future of DeFi will soon be here:
- Tuesday, March 30th @ 12pm EST / 4pm UTC
Below are some of the details about why we’re launching a token and how it benefits the community. We’ll release more specifics over the weekend to make sure you have all the research to make an informed decision about your participation.
At the end of the day, it’s all about forwarding our vision to create a new standard for liquidity mining and help build the next wave of DeFi with our amazing community. So far, over 1,100 Method NFTs have been minted and we’re on the leaderboard for hot new crypto startups.
We have incredible momentum and that shows how strong the community has become in such a short period of time. And we’re only getting started.
Details of the Balancer LBP
Our Method token (MTHD) will provide benefits to community members and those who hold the Method NFT vault, while bootstrapping the project and setting it up for long term success.
The LBP will be a fair and equitable launch. There is no private sale, pre-mine, or anything of the like. We want to make sure the community has the same right to involvement as everyone else. And we’ll lock up the liquidity, so rest assured that the funds are safe.
The purpose of the liquidity bootstrapping event:
- Create a way to distribute Method tokens to the community
- Give back to the community through the Method NFT reward tiers
- Create decentralized governance and allow the community to decide on important steps forward
- Set up Method for long term success to achieve our ambitious roadmap (high level roadmap to be released)
The Method NFT Reward Tiers
You may be wondering, “what’s with the Method NFT tiers?” Well, we’ve decided to create an innovative new rewards program based on the built in tokenomics.
We’re excited to announce that some rewards to the community will be based on the NFT tiers that have been released. As a reminder the tiers are below:
- The Method Platinum NFTs will be limited to the first 100 minted
- The Method Gold NFT will be limited to the first 101–1,000 minted
- The Method Mint NFT will be limited to the first 1,001–5,000 minted
While the Black Method NFT can still be used for staking purposes, to earn rewards from Method liquidity mining, as well as earn rewards from other protocol’s programs, they will not have any additional Method token related benefits.
MTHD for the Community
Method NFT tiered rewards
There will be a fixed inflation amount of the token per year. Additional minted tokens from the inflation will be distributed to those who hold the Method NFTs within each of the different reward tiers. Those in the more exclusive tiers will be provided with a higher percentage of the token distribution, which can be claimed on a weekly basis.
Liquidity mining rewards
Additionally, we will offer liquidity mining rewards for the community to provide liquidity to Uniswap and potentially other DEXes since we’d like to get the Method token into the hands of as many people as possible. And you guessed it, our liquidity mining program will be based on the innovative new Method NFT vault technology.
The initial pools will be a MTHD-ETH pool, as well as pools with other well known tokens. There will also be reward multipliers in effect based on the Method NFT reward tiers. I’m telling you, it pays to have one of these things.
Governance by the community, for the community
Lastly, we encourage involvement and participation on behalf of the community. We will set up a snapshot page that will allow the community to propose and vote on proposals. We think this is a great way to give back, allowing the community to help decide the direction of the project, and make use of their Method tokens.
We’re excited for you all to be on this journey with us and can’t wait to share the Method token with you! Stay tuned — more details to come!
Join our community to keep up with important updates!👇
