@THORSwap's IDO Phase 1 is happening at 2 pm UTC today.

Below are few "tweet threads" acting as elevator pitch for the interested ones:

1. THORSwap and its Roadmap
2. $THOR utility
3. Best way to participate in THORSwap IDO

and a little more info 👇
1. Infographic Tweet Thread:

Focusing on THORSwap becoming a Cross-chain Aggregator, it's Roadmap, and more on the Protocol Revenue:

2. What is @THORSwap's token $THOR utility:

Focusing on all utilities of the $THOR token, and the "Trading Black Hole" it creates.

3. Best way to buy $THOR in the @THORSwap IDO:

A Breakdown of all 3 phases of the IDO, with the Upsides and Downsides of each.

Also, don't fall for any fake contract address.

Here is the right contract address for $THOR: etherscan.io/token/0xa5f221…

Public since 10 days: gitlab.com/thorchain/thor…\

Also available on Coingecko's @THORSwap page: coingecko.com/en/coins/thors…
10 million $THOR (2% of circulating supply) has already been deployed for the THORStarter IDO (Phase 1). happening today.
Another 10 million $THOR will be deposited in the @THORChain pool in Phase 2, happening on November 3rd (2 days to go).
Hope this helps.

@THORSwap $THOR

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More from @THORNoobs

31 Oct
What's the best way to buy in @THORSwap IDO ( $THOR token) ?

We were curious, and went through the available IDO phases for more info:

Phase 1: @thorstarter
Phase 2: @THORChain
Phase 3: @SushiSwap

Below is the Breakdown, Upsides, & Downsides of each phase👇
Phase 1: THORStarter

A user need to do 8 steps here:

1. Approve $XRUNE
2. Buy 100 $XRUNE
3. Approve staking $XRUNE
4. Stake 100 $XRUNE (for $vXRUNE)

These 4 steps will make you eligible for the IDO.

Note: These $XRUNE won't be counted when you buy $THOR token.
5. Buy ~$300 worth of $XRUNE for $THOR IDO (Can be done with Step 1)
6. Deposit $XRUNE in IDO page when it is live (limited time).
7. Based on demand, you might get ~$200 worth of allocation only. Claim remaining $XRUNE back.
8. Bought $THOR will be claimable after few days.
Read 19 tweets
29 Oct
What is @THORSwap 's token $THOR utility?

We saw some questions, and were eager to know ourselves.

Major utility: Incentivising a "Trading Black Hole".

👇
$THOR Utility TLDR;

1. Staking (platform revenue distribution)
2. Trading fee discounts for $vTHOR holders
3. Reward asset in "Trade mining competitions"
4. Bootstraps creative @THORChain projects (NFT's, WebApp, etc)
5. Liquidity Mining
6. Governance
7. Community Incentives Image
1. Staking:

$THOR holders will be able to stake $THOR and receive $vTHOR tokens in 1:1 ratio.

$vTHOR holders will earn 75% of protocol revenue, in $THOR tokens. Claimable on Weekly basis, no deadline to claim.
Read 15 tweets
7 Oct
INFOGRAPHIC TWEET THREAD (Sourced):

Well,
If you had questions on @THORSwap's "Trading black hole", this infographic will help you a lot 👇

vTHOR holders will receive trading fee discounts / 75% of platform revenue (in $THOR tokens).
vTHOR holders will also earn from staking their $THOR in vaults.

50% of total supply is reserved for community incentives (image for reference).
@THORSwap has various things planned in upcoming months.

Cross-chain Dex Aggregator, Limit Orders, Mobile Wallet, & cross-chain savings/lending are the significant ones!
Read 7 tweets
5 Oct
Weekly Community Recap #9: @THORChain

Briefly, it covers:

1⃣ Notable Gitlab Issues
2⃣ Most asked Questions
3⃣ Feedbacks & Suggestions
4⃣ Notable Work
5⃣ Ecosystem Updates

medium.com/@THORNoob/week…

👇
⚡Notable Gitlab Issues

1⃣ V0.69.0 was released on Testnet:
gitlab.com/thorchain/devo…

This version will resume ETH & ERC20 tokens in THORChain. Image
2⃣ Code "Solvency Checker" for each chain:
gitlab.com/thorchain/thor…

3⃣ Work on supporting Atom might begin soon:
gitlab.com/thorchain/devo…
Read 23 tweets

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