During the early stage of my crypto start-up, I and Abit brainstormed on a couple of brand names I could use to represent my ideas. In the end we both agreed on CRUDE.
It's year end, a year and 6 months since I began this venture, as the new year approaches, here are some of the changes I'll be making to improve the CRUDE brand on bitshares.
Change of business name; instead of Bitsharescrude, it will now be known as Crude Finance, this keeps to the new purpose of the project, with our focus fully shifted to AMM liquidity pools.
Change of Incentive Strategy:
Previous incentive strategies were focused on rewarding users for holding the asset or the Stablecoin liquidity pool tokens only, and focus was mostly on supply control (inflation rewards), now the focus will be on the Token's performance at generating income and rewards will be distributed to all the Liquidity pools. Also I'll be doing a lot of airdrop campaigns in order to build a community around the project.
Investing in Yield Farming:
I'll be doing a lot staking and buying a lot of yield farm tokens in order to improve the profit potential of the CRUDE brand. I'll also be accepting those tokens as payment for CRUDE.STAKELP token.
Security and accountability:
Lastly the security of the pools has been improved as all the Liquidity pools now have an initial amount of funds permanently locked in null account, this means the pools will always have funds available for swaps at all times, and I'll be using reserve wallets to make it easier to account for the invested funds of the venture.
