SHIBARMY NFTs and the effect on Liquidity
We minted many new Shibarmy NFTs on AIRNFT mid-December and combined with our first NFT series we are happy to announce that we made 5 $BNB volume from our sales!
We were able to increase our NFT sales to a total of 9.3 $BNB and added LP worth $3,200 today, combined with a buyback of 4 $BNB worth of $SHIBARMY
Check our official profile to see what is still available:
We wanted to utilize the funds generated from sales to finance the project and so we did, we took the profit after costs and created more Liquidity, worth $2,200, for Shibarmy.
This was done by doing a buyback of Shibarmy from the free market and combining it with the remaining value of BNB from the NFT’s sold:
By buying one of our NFTs, you have become a vital part of the Shibarmy Project and we are thankful for everyone supporting us this way!
Liquidity, simply put, is a pool of funds that crypto token developers need to undoubtedly create to enable their investors to buy and sell instantly.
Liquidity is created by pooling in our own token $SHIBARMY along with another token $BNB which is the main currency of the Binance Smart Chain in PancakeSwap. This pool of funds gets deposited in the decentralized exchange, and we receive liquidity pool (LP) tokens in return, which can be used at a later point to withdraw the pool funds.
Liquidity is an extremely critical support structure for every DeFi and Crypto project.
Here are multiple reasons why it is extremely significant:
- It helps to ensure there is always sufficient liquidity in the system to match orders at all times. Traders do not have to seek who to buy from or who to sell to.
- Decentralization, since no centralized counterpart like a CEX is needed.
- It guarantees fast transaction time and on-demand trading.
- Locked Liquidity provides security to your investment.
Liquidity pools properly provide a path through which a Defi project can evolve. High liquidity gives investors confidence in the project and increases its potential. High liquidity helps to get rid of sudden price changes and allows a more consistent way to develop.
💥- 8% #Shib Rewards
💥- 1% for Liquidity
💥- 1% for Marketing.
📌 Token Information:
🔸Contract address: 0x940230b6b7ef1979a28f32196a8e3439c645ba49
💥Set slippage to 11%-15%