Updates: Week 12
Welcome Patrons to another installment of updates underway at The Gas Station. This marks the 12th week, or 3 months since we have launched.
ftmGAS is Live on SpookySwap
We stealth launched the liquidity pool for ftmGAS on 27 October 2021. This marks the 3rd GAS token in our ecosystem. ftmGAS rewards token holders in FTM.
ftmGAS is unlike our other GAS tokens of how we are distributing the total supply.
In previous GAS token launches we have had larger supplies of initial GAS tokens in the liquidity pool with lower amounts of ether (BNB/MATIC); We noticed how this can disproportionately allow for an early buyer to gain a majority of the supply while others struggle to meet the same levels.
We hope that we can overcome this issue by allowing everyone to build their personal supply of ftmGAS at the same rate, giving everyone the same opportunity.
ftmGAS distributes at an average rate of 834 ftmGAS/block (this rate fluctuates based on which reward pool is chosen, giving LPs the most amount of GAS tokens in the shortest amount of time)
Fuel Tanks are OPEN!
Stake WFTM to earn ftmGAS
Stake USDC to earn ftmGAS
Stake ftmGAS to earn USDC
Stake FTM-ftmGAS SpookyLP to earn WFTM + ftmGAS
Capitalization of Necessary Services
The Pitcrew has started to become aware more and more of existing services in place that are highly monetized by companies that do not wish to share these profits with anyone else in the crypto space. While we first we’re highly aware of bridges for cross-chain asset movement, we have caught onto other services which also receive high volumes of traffic, and have hefty price tags for the user. We are going to change that.
Token Lockers
Token Lockers are a smart contract that allow the user interacting to store tokens for a set amount of time. It is a trustless system allowing for the project manager of any project to safely lock tokens or liquidity for any amount of time they wish. There are no 3rd parties or operators who can interact with the locker; and can only ever be claimed by the original owner.
Token Bulk Senders
Bulk Sender Contracts allow the user to send a ERC20 or ERC721 tokens to a bulk quantity of addresses in one transaction rather than doing it one at a time. The contract never holds or stores any tokens, it simply just allows the user to send to multiple addresses without multiple transactions.
Our plan is to offer this service on every evm-based blockchain at a fraction of any competitor; and use these funds to buy the respective GAS token per blockchain (triggering a reward cycle for holders), and send these tokens to the burn pit (allowing a lasting increase in token value + increased reward distribution).
Updates to the Website
This is the NEXT item on our list to complete before we take further steps in Product & Service deployment. If you are having issues with the current website for interacting with Fuel Tanks, or the reward displays are inaccurate, please reload your web browser. It works, it just currently is not optimized for running multiple networks, and may struggle from time to time.
If you have further issues please reach out to us on telegram or discord.
The Gas Station is a Multichain Ecosystem with Gas Rewards for Token Holders, NFTs & NFT utility, Bridging Services, & More!
Find all of our links in one place here: https://linktr.ee/GasStationCrypto
