Hello Gainers!
We consider the first season to be an incredible success and want to sustain the momentum we’ve gained since our debut. First though, we’d like to thank everyone who has bought, farmed, or supported $GAIN. We’re only just getting started and hope you continue the journey with us. You’re absolutely still early.
Gainify x OG Squad
A great starting point for this article is our partnership with OG Squad. Squad is our first official partnership for the project and the rewards for our farmers are going to be immense. We held a space event on May 11 that goes into the fine details of the partnership and you’re welcome to give it a listen here. But we’ll provide the juicy details below.
Over 2,600 $SQUAD tokens will be available to farmers of the $GAIN-$ALGO Tinyman LP for the duration of season two. This works out to roughly 88 $SQUAD tokens emitted each day, which carries a very nice valuation in $ALGO. Farmers earning $SQUAD will need to stick around for a couple weeks, as there is a 14-day time lock before rewards are claimable. This farm will be provisioned on Cometa.
As part of the partnership, we’ll be seeding some $GAIN-$SQUAD liquidity on Tinyman. We want the market to drive our liquidity rather than have it be team-provided, so we’re rolling out a LP lottery to incentivize liquidity providers.
Each week of season two, we’ll hold a lottery to randomly select a $GAIN-$SQUAD LP token holder. The weekly lottery winner will get airdropped 75 $SQUAD tokens. The four winners will be announced and recorded on our X/Twitter page. Provide liquidity on or after May 22 to enter.
We’ll be adopting an 8-bit theme for a majority of our graphics and marketing material this season to align with SQUAD’s NFT series. We hope you enjoy the aesthetic. We plan to rollout a seasonal marketing theme with each new season, with season two taking on a retro gaming vibe.
Season Two Farms
Our PACT LP farm that started mid-way through season one will continue to run for the entirety of season two. Clearly our farmers prefer to provide liquidity on Tinyman but it’s important for Gainify’s long term health to have liquidity spread across multiple DEXs. While we believe Tinyman is secure, nothing is guaranteed in crypto. So please show some love to Pact LPs and farm away.
Starting May 21, there will be another $GAIN-$ALGO Tinyman LP farm on Cometa for season two. This farm will earn $GAIN and a supplemental award of $ALGO. It will run for all of season two.
At some point in season two we’ll be deploying a surprise farm. It will be a new liquidity pair and award the paired token. The farm will look like this: stake $GAIN-XXX earn XXX. More details on this farm will be released when it is announced sometime during our second season.
By the time season two concludes we will have deployed 8 farms. These farms will have awarded:
- $GAIN
- $GORA
- $PEPE
- $SQUAD
- $ALGO
- $XXX
Not a bad start, not bad at all!
Zealy
Our community director SB has been hard at work with a cool initiative to drive our social capital. Zealy is a quest based website that rewards users for undertaking particular actions. These can be visiting a website, liking a tweet, or taking quizzes. Users accrue XP for these actions then we will award them tokens for their commitment.
As part of our season two launch we’re deploying a Zealy campaign. There are a variety of actions users can undertake to earn XP, then we will provide the top 10 leaderboard users with $GAIN at the end of the season.
Some of the actions users can do to earn XP include:
- Visting our website/docs/Vestige/Allo
- Taking a quiz on Algorand & Gainify
- Interacting with tweets on X
- Join our Discord
The actions can be either one-time or repeatable, depending on what it is. Also, some quests are locked and require users to complete other actions before proceeding. As long as there is activity, we plan to maintain Zealy quests from here on out. We’re looking forward to seeing your names on the leaderboard!
Zealy users will compete for their share of 20,000 $GAIN tokens and the chance to take home a GULLY NFT. Payouts will be made to the top 10 questers in the season two sprint.
Take part in our Zealy quests by following this link.
Website v2
The farms page of our website has had a makeover! Look for it when season two starts May 21.
The overhaul of our farms page includes:
- New graphic at the page header
- New cards for farm descriptions
- A tab to display ended farms
- A brief walkthrough of how to farm
- A contact form for projects interested in partnering with Gainify
The makeover was a combined effort from Joe, Banklezz, and SB. We hope you like the new presentation!
Record
In the seasonal announcements we’ll be posting data as a form of record keeping. The data is gathered before the article’s release, and the +/- percentages will be mentioned in the S3 article that comes out in a month.
- GAIN price = $.00037
- Total trading volume = 360k ALGO
- 1 ALGO = 482 GAIN
- GAIN market cap = $39,217
- GAIN TVL = $15,411
- Holders = 196
- GAIN Liquidity Pairings = 3 >$100
- Twitter impressions (28d) = 75.9k
- Twitter followers = 356
- Discord members = 148
Wrapping Up
To kick off season two we’ll be running another “Level Up” promo in our Discord. We’ve previously discussed how permissions in our server are gated behind levels. Server members can level up simply by chatting, which then allows them to use external emoji/stickers, post gifs, or gain extra giveaway entries.
From Saturday May 18th to the season two launch on the 21st, Discord members will level up with any message posted in the server. So come in, say hi, and bump your status up in anticipation of S2
We love the support and interest we’ve received from the Algofam so far! Season one was memorable in so many ways, but we’re moving onto season two. We’d like to thank Midnight from OG Squad for teaming up this season and we hope our farmers enjoy the immense & awesome rewards they’ll earn.
