Hello everyone,
As founders of Serey, me and my brother are committed in making Serey succeed. We believe that Serey has tremendous potential and that it represents our values of liberty, self-sovereignty, and freedom of speech. We continue to put our time, effort, and are not afraid to spend capital to achieve our goal.
So now, we have created a small “Serey Fund” to help support the price of Serey Coin and make it more stable. Me and Chhay Lin have both committed $25,000 each in the fund, making it a total of $50,000. This $50,000 is used on a DeFi platform called Osmosis to gain yield and buy up Serey Coins on Southxchange.
Why Osmosis Dex?
1. Osmosis is part of the Cosmos ecosystem. Cosmos is an ecosystem of interconnected blockchains that Serey wants to connect with in the future.
2. The price of OSMO (token used to pay reward) is relatively strong. The market cap of Osmo is around 3 billion Dollars and is in the top 50 on Coingecko.
3. The APR for providing liquidity is quite high, more than 100% APR per year.
Yield & Pair on Osmosis
We have chosen to put the fund in the UST/OSMO pair. The expected APR for this pair is currently around 130%. This means that the daily reward will be around $180 per day. We will collect the total reward every 7 days and convert it into USDT to buy up Serey Coins on Southxchange.
Price support for Serey Coin?
We will put buy orders at $0,005 for Serey Coin. As you will see, there should be support built at this price. Currently there’s a 200,000 Serey Coins buy order at $0,005.
If you have questions, feel free to comment below.
Comments
Excellent.
It turns out Serey will support IBC?
How if Serey works on grephene, and IBC works only with the Cosmos ecosystem?
After all, for IBC to work, you need instant finality of blocks every 5 seconds.
Or am I wrong?
Thank you for the clarification.
Because Serey is not built on the Cosmos SDK, what we can do is build a bridge with Cosmos. We can use this bridge to transfer Serey Coins to Cosmos. And once our coins are on Cosmos, we can connect with other chains using IBC.
It would be great to be enlisted on Osmosis DEX or to have privacy smart contract functionalties from the Secret Network
So now we are upgrading our chain to make it fully compatible with Hive chain. After this is finished, we'll explore Cosmos
We probably start with a centralized bridge first and explore a decentralized bridge later. The cost of building a decentralized bridge is quite high
Ok. Centralized or decentralized bridge? Will you launch your own or join an existing one?
I just use not only your blockchain, and I would like to integrate them with the Cosmos ecosystem, too...
That yes. Great.
Excellent. Write. It will be interesting.
success to the project!
This can be the start of big things on the long run. It's a welcome development.
We just created this account and will be introducing the project to the blockchain in due time. Hope to work well with all Communities on the blockchain.
Great news for us.Thanks for sharing
You have made the right decision at the right time. At present, everyone is attracted to the cosmos ecosystem.
A great decision. I am happy for you and wish you great success!To support the Fund, you can buy Serey Coins from boung Hongly. The money will be used for the fund and buy up Serey coins on exchanges.
I am new to serey.io
I just published my Introduction post
I am hopeful to meet good and creative people here.
Please welcome me
Indeed serey has alot to offer👍. Kudoz to everyone making the project a good one.
As a centralized system, what is the assurance that the interest of the community will be put into consideration or prioritized? People would not want to put their time and resources into a system that they may have little or no say.
Serey is a decentralized platform as it uses a blockchain. As a platform we don't make rules for communities. The communities with the owners as community managers are the ones who set rules andd values.
Nice move. I just signed up here and this is the first post I'm reading.
I see it as a good idea.