In this post I will show you how to place SCRIPT and COLONY tokens in liquidity pools, but first let's learn a little about these tokens and Arcade Colony.
Arcade Colony is a web-based platform where mainstream games can deploy Web3 features. Newly created games, as well as previously released games, can now add tokens, digital collectibles, trading, renting, earning, and governance to their games. Thus, Arcade Colony hosts a series of published games similar to the Epic Gamestore, Apple App Store, Google Playstore, or Steam, but unlike Web2 publishers, Arcade Colony augments new and existing games with Web3 games.
For more information about the platform, read the Whitepapper.
The SCRIPT token will be pegged to a product in Arcade Colony and acquired by burning COLONY tokens for a set amount of SCRIPT tokens based on market conditions. One SCRIPT token will be accepted as $1 USD of product in the Arcade Colony ecosystem.
The Arcade Colony Governance Token, known as COLONY, will serve as the staking, reward, and governance token within the Arcade Colony Governance (ACG) ecosystem. All games listed in the Arcade Colony directory will need to accept COLONY tokens as a form of payment.
The SCRIPT and COLONY tokens are essential on the Arcade Colony platform, and you can also add them to liquidity pools to earn rewards.
To add COLONY and SCRIPT tokens to liquidity pools, you have two options: Tribaldex and Beeswap.
I like using Beeswap, so I'll use it as an example for this post.
To log in to Beeswap, you just need a Hive account.
When you log in to Beeswap, go to Pools and there you will have access to all the liquidity pools available on Beeswap.
There are four liquidity pools with the SCRIPT token, and they are:
The liquidity pool with the highest APR currently with the SCRIPT token is Swap.Hive:SCRIPT, which has an APR of 26.32%.
All liquidity pools with the SCRIPT token have a 1% Daily Bonus, so you will receive a lower APR initially.
There are four liquidity pools with the COLONY token, and they are:
The liquidity pool with the highest APR currently with the COLONY token is Swap.Hive:COLONY, which has an APR of 25.04%.
All Liquidity Pools with the COLONY token have a 1% Daily Bonus, so you'll receive a lower APR initially.
In the Pools section on Beeswap, you'll find the Add Liquidity option, where you'll use your COLONY and SCRIPT tokens to add liquidity to the pools.
Choose the pool you want to add liquidity to, select the amount you want to add, and click Add Liquidity.
In the image above, I used the Swap.Hive:SCRIPT pool as an example, and I need to add 1.46 Swap.Hive for every 1 SCRIPT I add.
Buying COLONY and SCRIPT tokens is very simple, and you can also use Beeswap.
Choose the Swap option and then select Swap.Hive and SCRIPT/COLONY.
The current price of the SCRIPT token on Beeswap is 1.47 Swap.Hive.
The current price of the COLONY token is 0.00078 Swap.Hive.
You can track your earnings in Liquidity Pools under Liquidity Positions in the Pools option on Beeswap.
Thanks for reading and see you in my next post.
