last month on itheum ecosystem as been a great milestone for us — Here we will have a recap up of our growth through the month of April!
We also hit 58.4k followers on Twitter as of today, and we’re officially a Telegram family of 20,000!
Thanks to all of our amazing community — we’re excited to continue this journey with you. Let’s go
Itheum Sweepstakes Campaign winner:
Announcement of the winners of the Itheum Sweepstakes Campaign which was launched To celebrate our concluded IDO that took place on The IDO will be taking place on March 28, 2022.
A prize pool of ITHEUM tokens was distributed to sweepstakes campaign winners at the prevailing market rate after the exchange listing. see list of winners here
Elrond Price Discovery for the ITHEUM token.
This new price discovery mechanism enables user to deposit EGLD or ITHEUM to receive locked ITHEUM or EGLD, respectively
This mechanism establish the EGLD/ITHEUM ratio to help find the right market value and create fairness in the ecosystem.
Read about this on elrond Blog
Announce a well detailed guide to Elrond Metastaking for ITHEUM to enchance the token’s utility and attractiveness for long-term holding.
Metastaking is the first DeFi creation that brings the power of liquidity providing, staking, and yield farming into one product. The novel liquidity providing incentives and income streams offered by metastaking will enhance the ITHEUM token’s utility and attractiveness for long-term holding. This feature was made available immediately the $ITHEUM token get listed.
via this metastaking, Any $EGLD/$ITHEUM liquidity provider was able to simultaneously earn the following three types of rewards:
- LP fees from the liquidity pool
- Regular farming rewards
- ITHEUM rewards from the ITHEUM metastake.
Mark Paul is a panelist at the Blockchain Impact Summit, hosted by SAMBA!
We’re excited to announce that Itheum’s Co-founder & CEO Mark Paul is a panelist at the Blockchain Impact Summit, hosted by SAMBA! (The Swiss Association of MBAs was founded in 2004. The purpose of SAMBA is to connect alumni of the world’s leading business schools (with a connection to Switzerland) to exchange latest business thinking and expand professional networks through events, conferences and alumni trips.)
$ITHEUM Listing on the Maiar Exchange DEX
The listing of $ITHEUM token was officially listed on the Maiar DEX (decentralized exchange), this took place on April 25, 2022 at 16:00 UTC!
The listing of the $ITHEUM token on Elrond’s Maiar DEX enables users to trade the token and engage in rewards-based activities for participation in the broader Elrond ecosystem. The Elrond blockchain’s high speed and scalability provide more opportunities for those looking to exchange $ITHEUM while also allowing them to benefit from extremely low transaction fees.
Announcing $ITHEUM listing process: Price Discovery Phase. Apr. 25, 16 UTC
Depositing EGLD and/or ITHEUM in the Price Discovery phase returns a special metaESDT token, which has meta-data attached to it that indicates the amount of EGLD and ITHEUM deposited. This is then burnt during the claim process, when the metadata amounts are used to compute the amount of tokens that factored in the $itheum final price.
This price discovery stage allows you to deposit $ITHEUM or $EGLD in the MaiarExchange liquidity pool The number of tokens will change & update the $ITHEUM price, establishing the EGLD/ITHEUM ratio.
$ITHEUM token Staking live on Maiar Exchange.
ITHEUM holders was able to stake their tokens and get rewards of up to 30% APR, which they can further reinvest and compound over time.
Deposits were made open on April 21, 16:00 UTC. also Rewards started on April 22, 11:00 UTC, and will continue for 12 months.
25,500,000 ITHEUM tokens was also committed by the team and it will be distributed over the next 12 months towards those who want to be a part of the new Web3 data economy.
37M+ tokens already deposited! Start here
Announcing $ITHEUM listing process: Add liquidity phase.
This is the time when the Price Discovery mechanism ends, and the new ITHEUM market price is known. The price will be calculated by the ratio of ITHEUM to EGLD resulting from the amounts of tokens deposited in the price discovery smart contract. The ITHEUM USD price will consider this ratio and the real time EGLD USD price.
In the “Add Liquidity” stage, Users were able to deposit tokens at the final EGLD/ITHEUM ratio established in price discovery to receive rewards
Depositing LP tokens in the farm will yield ~1,000% APR for 7 days
Announcing $ITHEUM listing process: Trading start.
Participants were able to swap between $ITHEUM & &EGLD and use locked tokens to add Liquidity.
Announcing The Price Discovery phase for the MaiarExchange $ITHEUM token listing is live
The ITHEUM listing process was completed and tokens can be fully unlocked. By then the token price movement should no longer be influenced by the excitement or speculation intentions around the initial listing, thus bringing the ITHEUM token price at the value set by the market.
Announcing $ITHEUM token: Add liquidity Stage
The ITHEUM listing process brought a tremendous interest from all participants! as $39M USD was added to the liquidity pool
locked tokens can be used to add liquidity, and then further to take the resulting LP tokens into the ITHEUM/EGLD farm, which will yield up to 1000% APR LKMEX rewards, or up to 100% APR MEX rewards, for a period of 7 days.
Announcing $ITHEUM token: Swap enabled.
24 hours after the participants claim their tokens, deposit liquidity and stake their LPs, trading began.
In the first 24 hours of trading, when swapping EGLD for ITHEUM, traders received locked ITHEUM, and vice versa.
- Participants can now begin trading and continue to add liquidity.
- Adding liquidity and then farming will yield up to 1,000% APR for 7 days.
Itheum’s AMAs in the month of April
First AMA session
Our team held our first official internal AMA on Tuesday, April 5th at 12:00 PM UTC, where our founders Mark & Praveen Paul answered a series of pre-submitted and live questions about our project with the community in our Discord AMA channel.
listen to entire audio recording on the official Itheum Spotify channel.
Our Elrond Network ecosystem AMA’s with the founders of itheum Mark Paul (CEO) & Praveen Paul (COO)!
Check out too what was discussed and shared with the community here:
Itheum’s Community Town Hall #11 | Updates from Mark Paul — Founder, Itheum
We’re super excited to provide interesting updates to our Itheum community and we do it every week!! This is our 11th Community Town Hall, Hosted by our Marketing Lead — Anita Tejwani and Updates from our Founder, Mark Paul. Listen here
And that’s all for this month…
About ITHEUM
Itheum empowers data ownership in the Web3 and Metaverse ecosystems and creates new market value for your data. It enables this by providing “decentralized data brokerage” technology. It’s a suite of tools that enable high-value data to be bridged from web2 to web3 and then be traded via peer-to-peer sales. It allows for “viral adoption” via our creative “Data NFTs” (provide “inner value” to NFTs and enable royalties / limited supply) and “NFMe ID” technology (a living Metaverse avatar representation of you — wrapped as an NFT and backed by personal data) and our innovative Data Coalition DAOs (which bulk trades your data). It also aims to be fully privacy-preserving, regulation-friendly and cross-chain; making it the most comprehensive core blockchain data infrastructure available in the market with use-cases in both the enterprise and retail space.
Stay updated with the community
- Twitter: https://twitter.com/itheum
- Telegram: https://t.me/itheum
- Website: https://itheum.io
- Discord: https://itheum.com/discord
- All Other Communities: https://itheum.com/community
