FAQ
Wen launch?
Launch Date will be announced near completion of contract test and audit.
Will there be a sacrifice phase?
No. Pool Party will launch as a complete product and will have a one time mint phase to get the $PARTY token with ETH.
How is PARTY airdrop distributed?
A snapshot of staked and liquid balances of all Maximus assets will be taken at some point leading up to the launch. Each token will have a number of airdrop points per token assigned to it. Nobody will know when the snapshot is taken or what the airdrop points for each token is until after it is complete. Then the airdrop list will be generated and encoded into a merkle tree (much like the hex bitcoin free claim) which the PARTY contract will reference, allowing eligible Maximus DAO members to mint free PARTY.
How do I claim my rewards?
By simply holding PARTY you are eligible to claim HEX rewards. The contract records a snapshot of all balances and supply every 7 days. The HEX rewards earned in any given week are distributed pro-rata to the holders during that week, based on the average of their holdings from one week to the next. For example If you held 1% of the PARTY supply on one snapshot date, and 2% of the supply the following week, you are eligible to claim 1.5% of the HEX rewards delivered to the contract during that week.
How does this impact existing pools?
The reality is, new stake pools can always be created to compete with existing ones in terms of demand and liquidity. Inevitably, dilution over time will occur, so it's better to be the ones diluting ourselves rather than someone else doing it to us. Currently, the established pools have secured larger T-Share rates and substantially larger BPB bonuses. The Pool Party dashboard will warn users if they are about to join a pool at a worse rate than what they can buy on the market from a Perpetual Pool and prompt them to simply buy it instead to get the best deal possible.
Will Pool Party have admin keys?
No, Pool Party will be a fully trustless, immutible smart contract.
What about the Perpetuals?
The Perpetuals have an inherent advantage starting off so large and locking in a Tshare rate almost 10% less than current rate. If price is at or below the equivalent stake value, you will outperform by simply buying the Perpetual Pool token closest to the length of the stake pool you are thinking of joining. The minting dashboard will let you know if you would get a better deal on an existing pool. Those that have long term dollar cost average strategies for the Perpetuals will be quite happy if new, lower performing pools remove buying competition from the pool token they are trying to accumulate.
What about end stake gas fees?
Each pool token launches with its own gas fee pool. Anyone can deposit ETH or other ERC20 in the gas pool contract to reimburse the person who ends the stake.
Will there be liquidity?
All pool tokens are fully fungible and transferrable. No individual or entity is responsible for providing liquidity or buying pool tokens at any price. The market will determine price and liquidity levels. You should assume relatively low liquidity. If you want exit liquidity for the pool token you hold, go find it.
Can you put 'Founder' in your bio if you launch a pool?
Yes.
