Linq Group

𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬 📰

The central authority has just closed down all banking activities

Citizens can no longer engage in financial transactions for the next three days

Everyone is hereby advised to withdraw their funds before 3pm on Monday, October 2nd

What you just read above? That’s centralized exchanges

→ 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐑𝐢𝐬𝐤𝐬

→ 𝐒𝐭𝐫𝐢𝐤𝐞𝐬

→ 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐨𝐯𝐞𝐫 𝐮𝐬𝐞𝐫𝐬 𝐟𝐮𝐧𝐝𝐬

Then came a solution…. DeFi

DeFi has played a crucial role in the world of finance by

→ 𝐄𝐥𝐢𝐦𝐢𝐧𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐢𝐫𝐝 𝐩𝐚𝐫𝐭𝐢𝐞𝐬

→ 𝐆𝐢𝐯𝐢𝐧𝐠 𝐮𝐬𝐞𝐫𝐬 𝐟𝐮𝐥𝐥 𝐜𝐨𝐧𝐭𝐫𝐨𝐥 𝐨𝐟 𝐭𝐡𝐞𝐢𝐫 𝐟𝐮𝐧𝐝𝐬

→ 𝐁𝐫𝐢𝐧𝐠𝐢𝐧𝐠 𝐚 𝐧𝐞𝐰 𝐰𝐚𝐯𝐞 𝐨𝐟 𝐫𝐞𝐰𝐚𝐫𝐝 𝐬𝐲𝐬𝐭𝐞𝐧

But there was a problem

→ 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭

Now take DeFi like a Chess game

• The Queen is the one with the highest power

• The Pawns are the ones with the lowest power

In DeFi,

• The queens are the main liquidity providers

• They get to distribute whatever revenue is generated from the pool

• They control the flow of liquidity

With this much power vested in them, anything can go wrong

E.g

𝐁𝐞𝐥𝐥𝐢𝐜𝐤 𝐊𝐫𝐮𝐳 $𝟏𝟎,𝟎𝟎𝟎 𝐰𝐚𝐬 𝐠𝐨𝐧𝐞 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐭𝐡𝐞 𝐥𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐰𝐚𝐬 𝐫𝐞𝐦𝐨𝐯𝐞𝐝

𝐈 𝐝𝐢𝐝 𝐭𝐡𝐫𝐞𝐞 𝐗 𝐢𝐧 𝐚 𝐭𝐫𝐚𝐝𝐞 𝐛𝐮𝐭 𝐜𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐰𝐢𝐭𝐡𝐝𝐫𝐚𝐰 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐭𝐡𝐞 𝐝𝐞𝐯 𝐫𝐞𝐦𝐨𝐯𝐞𝐝 𝐭𝐡𝐞 𝐥𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲

Hundreds of cases similar to this have also been recorded

Thousands of dollars have been lost by people all because the liquidity couldn’t be accounted for

Why is this?

This is because certain people like the devs, founders and investors are in charge of the liquidity

• They contribute the liquidity to the pool

• They earn the rewards generated by this pool

• They have full control over what happens to the liquidity

The above is what is known as the Centralized Liquidity System

It only favors those at the top while the less favored such as the Pawns are left to deal with

• Price fluctuations

• Rug pulls

• Monopoly

• Unequal distribution of liquidity

As technology advanced, people began to find faults in this system

This discovery led to the birth of Linq Group

A new protocol that aims to change the way liquidity are being managed in DeFi

Allow me to fully explain the concept behind this

{Don't forget to like, bookmark, and repost for others to see}

Linq aims to solve the change the pattern of liquidity distribution among other DeFi protocols by introducing a new system of decentralized liquidity, every participant in the protocol gets to have a share of the rewards

𝐇𝐨𝐰?

→ 𝐒𝐰𝐚𝐩-𝐁𝐚𝐬𝐞𝐝 𝐋𝐏 𝐓𝐨𝐤𝐞𝐧 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧

→ 𝐓𝐢𝐦𝐞 𝐋𝐨𝐜𝐤𝐞𝐝 𝐒𝐭𝐚𝐤𝐢𝐧𝐠 𝐨𝐟 𝐋𝐏 𝐓𝐨𝐤𝐞𝐧𝐬

With Uniswap V2 token creation mechanism, Linq redistributes LP tokens to $LINQ token holders

But this is not enough to solve the existing problems and does not assure that the liquidity will remain in the pool

So Linq came up with the Time locked staking which incentivize users who lock their tokens for a specific period of time

𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐋𝐢𝐧𝐪𝐮𝐢𝐝𝐢𝐭𝐲

→ Transparency: This is a key feature of decentralization. The pool is opened to everyone therefore the risk of manipulation is near impossible

→ Democracy: Linq is free for all to use. Anyone can participate in the liquidity pool

→ Security: Decentralization makes Linq secured reducing the risk of rugpulls and loss of funds

→ Reduced Sell Pressure: Linq rewards users who stake their tokens for a long period of time so the sell pressure is automatically reduced and this leads to price stability

Also, there are more stakeholders in the pool so the possibility of a stakeholder dumping on the token is minimal

→ Holder’s Revenue: $Linq holders receive a portion of distributed LP balance from the primary contract during swap volume

𝐆𝐞𝐭𝐭𝐢𝐧𝐠 𝐒𝐭𝐚𝐫𝐭𝐞𝐝 𝐖𝐢𝐭𝐡 𝐋𝐢𝐧𝐪

𝐁𝐔𝐘

→ Visit Linqgroup.io on MetaMask browser

→ Switch to Ethereum Network

→ Swap ETH for $Linq

𝐒𝐓𝐀𝐊𝐄 𝐘𝐎𝐔𝐑 𝐓𝐎𝐊𝐄𝐍𝐒

https://x.com/linq_group/status/1707155668254298184?s=46

𝐂𝐋𝐀𝐈𝐌 𝐀𝐍𝐃 𝐒𝐓𝐀𝐊𝐄

You can claim your LP tokens on the website then stake to accumulate more ETH

𝐋𝐢𝐧𝐪𝐨𝐧𝐨𝐦𝐢𝐜𝐬

Name: $Linq

Total supply: 100 million

Tax: $Linq is distributed among

LP Community Claims {3%}

LP Staking Eth rewards and project dev {3%}

Contract Address: 0x3e34eabF5858a126cb583107E643080cEE20cA64

𝐋𝐢𝐧𝐪 𝐩𝐫𝐨𝐝𝐮𝐜𝐭

Linq is building a multi-purpose app serving as a;

Listing App

Chat Room

A decentralized wallet

𝐑𝐨𝐚𝐝𝐌𝐚𝐩