News > IGG/ETH UniSwap Liquidity Rewards Period Details: 19 - 29 November
On Saturday 31 October, we released an article introducing IGGalaxy’s Liquidity Pool (LP) Incentive Program ahead of IGG’s listing on UniSwap. Shortly after, we released the details of IGGalaxy’s UniSwap Liquidity Pool Incentive Program which provided our first reward period of the IGG/ETH trading pair on UniSwap.
This reward period has now concluded with the minimum liquidity threshold easily reached! Therefore, the 15m IGG and 1m ORB will be distributed in full to liquidity providers.
This article provides details of our second reward period for the IGG/ETH trading pair on UniSwap, between Sunday 19 and Sunday 29 November 2020.
IGGalaxy Liquidity Pool Incentive Program
The amount of rewards you receive from this pool will be based on the amount of liquidity you provide and the duration that you leave the liquidity over this reward period.
For each Automated Market Maker (AMM) Decentralised Exchange that we list in this program, we will provide rewards for those who support the IGG token economy by providing liquidity.
Please see below the key components to this incentive program that will apply to current and future pools:
Allocated Pool of Rewards
Eligible Wallets - Minimum Liquidity Requirement
Distribution of Rewards
Minimum Liquidity Threshold
IG Gold (IGG) is the operational token of IGGalaxy. We have provided an extensive but non-exhaustive list of use cases for IGG in our recently released LitePaper v2.0. This includes the requirement of IGG for entry fees/deposits for particular tournaments, premium subscriptions, team creation, team-player contracts and much more!
ORB tokens will play the role of a governance token for IGGalaxy and operational token for IGLabs.
ORB can always be sold to IGLabs (at a current guaranteed rate of 5 IGG per ORB). 50% of all ORB tokens sold to IGLabs is burned from existence, effectively reducing the total supply, making it a highly deflationary token.
IGLabs now exists on Matic network, where Capsule creation is incredibly cheap! To start earning ORB tokens for storing your IGG in IGLabs Power Capsules, you can check out our guide on getting started with IGLabs to earn ORB.
To demonstrate how this works, we will walk you through a simplified example:
The rewards will be sent quickly through the Matic network - they will be sent to the liquidity providing Ethereum wallet’s corresponding Matic network address.
There are numerous benefits to providing an incentive program that encourages deeper liquidity reserves:
What is the risks of providing liquidity?
How do I add liquidity to UniSwap IGG/ETH pair?
If I add more liquidity over a reward period, will it count?
Will IG’s added liquidity count toward the program?
When will my rewards be sent out?
How do I collect the fees I have earned from providing liquidity**?
To keep up to date with developments, please follow us on our various social media channels:
After a hugely successful first year in public beta development, we conclude the first month of the new year just as motivated to building upon the excellent foundations our team worked so hard to establish in 2020.
February 8, 2021
IG Gold (IGG) is a crypto-asset, like Bitcoin or Ethereum, that exists on a decentralised network; it is the native competitive gaming and esports token that fuels IGGalaxy!
February 1, 2021
IGLabs will be a core component of IGGalaxy that will spearhead the mainstream adoption of crypto assets for gamers.
January 7, 2021
We concluded last year marking our entry in to our public beta phase of development. With just over 3,500 registered sign-ups, and the ability to host competitive FIFA tournaments, our objective for 2020 was to solidify IGGalaxy’s foundations as a social competitive gaming and esports platform, validating its position in the market and demonstrating the demand for our competitive gaming platform.
December 31, 2020