I will write down some ideas here just to get started. I will not propose all my ideas because I have too many of them and we need to figure out how to use the Treasury funds in a logical way.
The fact that we will end up with more than 100 million $ in the treasury without an Ico is pretty huge and exciting. I already wrote this on the TG group, but at some point we can end up with 1 billion dollars and at that point Pangolin will generate a lot of buzz and everyone will want to have a piece of the pie.
1° Activate the 0.05% to buy PNG at the market rate and burn 0.02% of the tokens (even if I don’t really agree with this), this way the community side that likes the idea of burning the PNGs will be happy, use at least 0.005% to donate to help and save Pangolins, I really like SEQ idea, this can be a good marketing move.
2° I noticed that a small percent of people don’t really want to provide liquidity, they are buying the tokens waiting for a good opportunity, how about creating a “Stake section” where these investors can lock their PNG for 1 month/year and earn PNGs. We can use the remaining 0.025% from the trading fees to buy PNG. 0.02% to Burn and 0.025% for Staking, everybody will be happy.
3° Create a “one click” index LP pool for Avax (AVAX/Index) and one for PNG (PNG/Index), basically if a user wants to provide liquidity but he doesn’t know what pool to choose and he is afraid about the IL, this “Index Pool” adds liquidity across all the eligible PNG farming LPs in an equal amount.
I don’t know if it’s hard to implement this, considering that if you add Avax the smart contract needs to trigger 10 sell orders and add liquidity across 10 Avax eligible pools, there will be a lot of tx and it will obviously cost more for this kind of operation.
4° We need to incentivize more pools, this way Pangolin will attract more liquidity. I think that it’s a good idea to start with some projects that have a huge community.
5° To increase the value of PNG over time we need to be able to use our PNG tokens as collateral for various purposes without selling them, I propose to pay the Devs to clone Maker and create a Pangolin platform that allows the users to issue a Stable coin like $DAI, let’s call it $USDp.
At the beginning we can start and issue some stable $USDp using Png and also synthetic Avax, this way we will end up with a stable and very liquid coin. Nobody will sell their Avax or Png, they will stake Avax to earn the 11% apy, but at the same time they could use some of those funds to issue Stable coins and provide liquidity on pangolin, earnings fees and farming PNG.
The next move will be to activate Pangolin LPs as collateral type, but this can come later.
6° Create an NFT market place like Rarible where we can use Avax and Png to pay for the auctions or to buy the NFTs.
Ok, I’ll stop now, that’s enough It will obviously take a lot of time and effort.