The following is not investment advice. Do your own research, and never invest more than you can afford into any project.
Given the volatility in the crypto markets in general, we have slowed down the distribution of CAMBO tokens in the liquidity airdrop. We will continue to airdrop them intermittently until the entire distribution is complete. In other words, nothing has changed except the amount of time it will take to complete the airdrop. This is to avoid unnecessary fluctuations in CAMBO’s price. Further, to avoid bot interference, we won’t be announcing specific times for each drop — though we will be able to tell you afterwards.
This is BIG.
Liquidity is what enables us to trade CAMBO. Less liquidity means even small sells hurt the Market Cap, causing red candles. And no one likes to see red candles! More liquidity is BETTER.
And what else is better? More CAMBO tokens in the wallets of our holders!
Announcing: the CAMBO LIQUIDITY AIRDROP
The LIQUIDITY AIRDROP will add liquidity AND airdrop tokens into everyone’s wallets.
How? We are going to use 500 Thousand CAMBO (~$50,000 in value) from the DEV WALLET to conduct a series of controlled trades:
The dev wallet will sell CAMBO for BNB, then IMMEDIATELY buy CAMBO with ALL of the BNB it just gained. The trades will go back and forth between CAMBO and BNB until all 500 Thousand CAMBO have been consumed by fees.
Each trade will be subject to a 10% fee, just like any other. 5% will be added to liquidity, and 5% will be distributed to our holders. Overall, this means that 50% of the entire 500 Thousand 50,000 amount will go to holders’ wallets, and the other 50% will go to the liquidity pool. That’s an extra $25,000 of liquidity and $25,000 distributed across holder wallets.
What to expect: When we trade to BNB, you might see a red candle. Then, when we trade back to CAMBO, you will see a green candle. The green candle will be shorter, because the CAMBO contract will be taking 10% fees on each trade to reward all those who Hold.
In other words, the chart could potentially go down slightly. But we think the added liquidity and CAMBO distribution to holders is a far greater benefit to the community than the short term impact to market cap.
How: The dev wallet will forward CAMBO to the same middleman wallet that is used to conduct burns. Then the middleman wallet, which is subject to fees, will conduct the trades every 30 minutes. The timing may vary depending upon price impact to the chart, and the entire 500 Thousand amount many not be traded in one transaction to avoid a large impact.
We’re excited to increase CAMBO’s liquidity, which will lessen the impact small sells have on market cap and set us up for our next leg of growth. We’re even more excited to rewards Holder by growing their CAMBO wallets.
So make sure your stack is ready when we start!
And a little hint: this is only the first of TWO initiatives we’re launching to increase CAMBO’s liquidity pool. The second might even let you directly earn BNB with your CAMBO… Stay tuned for another announcement coming soon!
Holding pays off!