#Tokmak

1 messages · Page 1 of 1 (latest)

pale radish
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I was here at the time of the HYPE for it . We won . Then it was ghosted .. no explanation I am aware of as to why . It was like MIB did the flashy thing and it never happened it looked very promising and would solve the July 2024 issue nicely.

If someone on the team or council could look into this and give a detailed answer on what happened and why it was deemed not suitable it would be greatly appreciated. Its a loose end that I have been wondering about and would like to either revive it or put to rest @drifting belfry @steep furnace

robust sundial
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I don't get it... What's your idea?
And who is tokmak?
Or is it just a request reviving an old proposal?
Or just a question for #814313779696238642 ?

gloomy pewter
severe heath
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Didn't this require us to contribute a bunch of tokens for the reactor? Its been quite a while since I looked at it but I dont remember tokemak doing anything beyond what our existing liquidity solutions do.

steep furnace
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@pale radish it was before my time so let me do some digging, based on what I can see on our internal knowledge base (I've only had a few minutes to look) the Tokemak reactor proposal never got past the initial theory crafting.

Tokemak proposed a number of DAO's and Tokens that they wanted to add to their reactor, without approaching those DAO's first, and it required a significant token contribution to be a part of it.

I'll do some digging and get back to you.

#

This was the initial announcement - as for where it went after that I cant say (yet)

An exciting new project called Tokemak has selected ILV as one of the first tokens which may receive their new Token Reactor technology - we are doing well in the rankings, but the fight isn’t over.

We are calling on our mighty community to help secure victory for ILV in the Tokemak C.o.R.E. competition which is ongoing as we speak!

Token Reactors will enable powerful liquidity to power things like the gaming economy and we want ILV to be the first gaming token to get it. This will also create a juicy staking opportunity for the ILV token on Tokemak, if we get a reactor you’ll be able to earn TOKE on ILV deposits.

By Staking TOKE or TOKE-ETH LP Tokens on tokemak.xyz you will be awarded VOTES which you can cast in favor of ILV on their website. If you have TOKE, head over to https://www.tokemak.xyz/, stake your TOKE in the single asset pool and vote for ILV now - there is only 6 days left!

The competition ends at 7pm UTC on Wednesday October 6th.

pale radish
steep furnace
cyan hatch
# pale radish Yea I remember that announcement and the "yay" when we won ..then it disap...

I asked one of the council at the time why we didn't pursue the reactor after we won and I was told Illuvium would have had to provide a substantial amount of tokens. I double checked and it was the case that Illuvium would have had to provide tokens (other projects did provide tokens to start their own). This was at a time when nothing had begun unlocking yet, so it would have been a significant increase to circ supply.

I can't say for sure why it wasn't pursued but that's what I was told.