The Parachute Social Liquidity Platform
With the increasing demand for Decentralized Finance (DeFi) products and services, like the market for yield farming and liquidity mining, one of the biggest challenges still remains — how do retail, new or unsophisticated investors, and crypto holders get involved in this? More importantly, how can projects that are taking part in a liquidity mining campaign benefit most?
Parachute’s response is simple and follows our ethos that we have always retained — make an incredibly easy UX for anyone to get involved in, teach them the risks, rewards, and how to in a simple to understand way, and most of all, make it fun and social! The fun and social aspect is where Parachute can bring the most benefit to its partner projects, its own tokenomics, and bring the best experience to crypto investors and holders. Thus, Parachute is launching its Social Liquidity Platform.
The Parachute Social Liquidity Platform
The Social Liquidity Platform is a platform where its user base (and any holder of the required tokens) can participate in various Social Liquidity Mines. The Platform makes it accessible for all users in an easy way, through its ParJar Telegram UX and soon its Web Interface and other social platforms. Users will be able to pick and choose which Social Liquidity Mine (SLM) they would like to invest and participate in, and through ParJar users can easily interact with the smart contracts and benefit from the social aspects as well as the rewards.
Miners get rewards in a multitude of ways with the Parachute Social Liquidity Platform, including the base level of token rewards, plus all access to special VIP groups with customized experiences and cultivated community for the fun and benefit of all.
The Platform will comprise a series of smart contracts, and Parachute envisions launching its V1 in order to prove out the necessity and benefit of SLMs. Each SLM is its own audited smart contract, where liquidity providers can stake their liquidity tokens, and upon staking immediately be rewarded with tokens, in addition to getting VIP access to special Telegram chat rooms that are curated by the project owners and provide additional token benefits, close proximity to the core teams, and hear first big news and updates, and of course lots of other specially curated activities. VIPs are in there together with the teams in a virtual private club together with Project Founders and core team. This is where things truly get fun!
Benefits of the Social Liquidity Platform
Upfront Rewards
Because you are contractually locking away your tokens in the SLP smart contract, we can calculate your total rewards over the lockup period and deliver them to you immediately. No waiting around for token mining rewards anymore, gets what’s yours today!
Get access to exclusive VIP groups and earn exclusive rewards
By using the SLP you will gain access to coveted VIP Telegram and Social Media Groups. This is where the fun really happens and where both projects and liquidity providers get their best bang for their buck. You will get an inside look at the project’s team, participate in exclusive contests, giveaways, and lotteries, and you will have access to the project founders like no one else. What’s more, you will only be surrounded by the die-hard project supporters that provided liquidity along with you. You get to enjoy the perks and benefits of providing liquidity while still getting the social aspects that projects and the community need to succeed!
Access to a multitude of Social Liquidity Mines in one Platform
With the Parachute Social Liquidity Platform, you can view rewards, pool, access & stake into a number of different liquidity mines, all of which carry the added social benefits. This SLP is your one stop shop for all your mining needs!
The PAR Social Liquidity Mine
Parachute is proud to announce its first PAR Social Liquidity Mine, as part of the overall Social Liquidity Platform. The below details are envisioned for the first PAR SLM!
Total SLM Term: 6 Months
Total SLM Rewards: 60,000,000 PAR
Reward Token: PAR
Stake Token: ETH/PAR Liquidity Pool (0x6aeebc2f5c979fd5c4361c2d288e55ac6b7e39bb)
Reward Calculation: Base value is calculated as the at the time total PAR equivalent value of amount of ETH/PAR LP Tokens to be staked multiplied by the reward rate
Reward Rates & Lockup Periods
The SNTVT Social Liquidity Mine
We are excited to have Sentivate partner with us on launching the Social Liquidity Platform and on having their very own Social Liquidity Mine.
Reward Token: SNTVT
Total SLM Term: 6 Months
Total SLM Rewards: 120,000,000 SNTVT
Stake Token: ETH/SNTVT Liquidity Pool (Pending)
Reward Calculation: Base value is calculated as the at the time total SNTVT equivalent value of amount of ETH/SNTVT LP Tokens to be staked multiplied by the reward rate.
Reward Rates & Lockup Periods
What’s next
The Social Liquidity Platform is the second major leverage of the ParJar Wallet platform and just the first mile of the next hundred to come. As you are reading this, the smart contracts, UI, and upcoming Web Portal are in production! Stay tuned for the BIG release in the coming weeks.
