Postponement of Initial Liquidity

If all had gone well, we would be launching our liquidity pools in about… 3.5 hours from now. But we unfortunately have to postpone that. For the interest of keeping Demeter Finance going, we will take a step back and temporarily postpone our launch. This is why.

1. We intended to keep the prices low, while also keeping the initial supply of DMTR low. In doing so, we actually intended to utilize a very low initial liquidity of 0.07 BNB and 30 BUSD. We felt that it was okay to start off low as we wanted to be accessible and fair to everyone joining in. While being too focused on that, our Telegram community spoke out about the lack of liquidity which would cause a very huge price impact. In our excitement to launch, we absolutely overlooked that
2. We feel that our community could do with more marketing to get more awareness, to build a better foundation of users so that we can grow quickly.

We are excited to launch. Which means that we do not wish to delay anything. But we also want to get it right. And liquidity and community are two very important aspects to any DeFi platform.

So while we reconvene to discuss and decide on what our next course of action will be, we will be postponing the initial liquidity as well as the start of block rewards. We will announce the dates as soon as possible and give ample heads up.

Thanks to our community for voicing out their concerns which really really helped us. We appreciate it.