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Why low liquidity is a problem?
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Who is affected by low liquidity?
- Who might be affected by solution of low liquidity?
- What parties are involved in general?
- Who might be affected by solution of low liquidity?
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What are the benefits of the solution, how those can be maximised?
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What are the pitfals? And how can they be minimised?
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What does success look like? How will we know if we have achieved our goal?
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How much do we allocate under what situation do we pull the emergency brake.
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What are the potential profits and losses?
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What is good structure of liquid reserves (tokens used as reserves)?
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What is a proper pricing of liquid reserves?
- Current spot price: pros, cons.
- ICO price: pros, cons.
- Same ratio as current holdings: pros, cons.
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Aragon association has 176,136 ETH and 6,989,780 ANT (and other assets)
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Uniswap has 73,404 ANT / 179 ETH
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Bittrex has 4,370,340 ANT (~ 11% of total supply)
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ANT total supply is 39,609,523.80952380954
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Holder distribution is at https://etherscan.io/token/tokenholderchart/0x960b236A07cf122663c4303350609A66A7B288C0
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Historical dynamics of distribution between segments is at http://hodlbacon.herokuapp.com/
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Primary orderbook is at https://cryptowat.ch/markets/bittrex/ant/btc
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UniSwap ANT ROI data is at https://zumzoom.github.io/analytics/uniswap/roi.html
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UniSwap analysis is at https://medium.com/@pintail/uniswap-a-good-deal-for-liquidity-providers-104c0b6816f2
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UniSwap analysis Part 2 at https://medium.com/@pintail/understanding-uniswap-returns-cc593f3499ef
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Analysis is performed for highly liquid assset, which is possibly a weakness of it.
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Current Bittrex orderbook is an equivalent of $140,000/222,222ANT liquidity reserves ($280K, 0.7% + 0.7% = 1.4% of market cap) (19 Jun 2019)
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ICO 39,609,523.80952380954 ANT / 275,000 ETH
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1% of ICO 396,095.23809523810 ANT / 2,750 ETH - 5x of present liquidity depth
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0.1% of ICO 39,609.52380952381 ANT / 275 ETH
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possible 6 stages scenario - 6 month gradual process (0.1% + 0.2% + 0.3% + 0.4% + 0.5% + 0.5% = 2.0%)
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public announcement 1 month before each stage to ensure common good and not just opportunity for speculation or deployment would be consumed by market immediately
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ICO ratio of ANT/ENT (principle of DAICIO)