Our goal with $REBA was to create at least 100 liquidity pools - this was the basis of our project, with which we entered the market. Many people were surprised that no one had gotten to this idea before. The concept allowed us to rise quickly: investors actively invested, and our capitalization grew from $1000 to 1 million dollars. Each new pool strengthened liquidity and contributed to growth.
Reasons for the drawdown
- In June, we invested $20,000 to win $70,000 worth of awards on STONfi. This news caused a surge of interest and many people started buying up our coin to participate in farming at 350% APR. As a result, many investors made good money on it.
- Once the farming was over, some investors started withdrawing rewards and selling REBA. Once their farming was over, they dumped assets, which created pressure on the price.
- A few big players also sold off their positions, which caused a severe drop. They entered early with $100 and made about $30,000. It's hard to judge them for this - they simply locked in their profits and moved on.
- The bear market intensified the problems: many projects with which we had pools began to lose positions, and some disappeared altogether.
What will happen next?
1- Today we launch a large-scale advertising campaign through ADS. Taking into account moderation, it's 3-5 days until the ads are actually launched
2- By the end of the month, an app is coming out where affiliates will redeem $LIBRA to post jobs.
However: there will be REBA buy assignments in the app, new holders completing a $REBA purchase will get AIRDROP into the app
3- We have started developing our own DEX solution to fully control rebalancing and support new projects coming on TON. We will talk more about this later
Next Steps
The goal for $REBA is for the team to buy back up to 50% of tokens back, as with the launch of our DEX solution these tokens will be needed in our exchange. It is important to be ready to grow during a future trend. Next, we plan to pitch to gas pedals to attract additional investment. In work now, we will emphasize hiring programmers, increasing trading volume, and working with funds. It's easier to attract investment on a working prototype, which will help get offline investors interested.
Stay tuned. Rebalancer is taking it to the next level, so be sure to fill your REBA bags to the fullest
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