Add PLMC to Omnipool

PLMC must reach out to Hydration to hydrate the entire ecosystem with coffee

With Polimec now you can be the VC!

Coffee Hydration ☕️🧊

Could you provide me details on what faction of supply is still vested? From the Docs it seems quite high and I am not sure about price discovery in that case. I don't mean to be offensive or accusatory here but what's to stop early investors from using omnipool as exit liquidity as they unlock?

Polimec >>> Enter the OMNIPOOL >> HIGHER

hey how are you, thank you very much for the post

Although I obviously want polimec tradable in Hydration, for now I think it would be better with an isolated pool

reasons:

• not enough time for the discovery price, it's just been 6 weeks since the token was launched, too new
• distribution, really the majority of the circulating supply is just the Treasury

That means that there is still almost all the vesting of the early investors ahead.

given the correlation of the assets in the Omnipool, that is why my suggestion that a token be tradable for at least 8 months, thus at least avoiding those first months of vesting

so for the moment I would recommend starting with an isolated pool ( already permissionless so can create at any time) and sone months later, preferably at least 8 months the referendum to the Omnipool

In the isolated pool it will still be possible to be a router via Omnipool with other assets, so the user will not notice the difference 🙌

If im reading wrong the info, ofc can correct me, thanks

AYE, i want PLMC in the OMNIPOOL and the possibility to buy/sell on Hydration Network
Time to make more decentralize the token!

Gl guys

Nachito I Hydrated Agent #14

I hear that Polimec is a good team and look forward to PLMC being tradable on the Hydration DEX. Team could easily swap some PLMC for DOT and get hydrated with an Isolated Pair.

However, since this discussion is specifically about PLMC being added to the Omnipool I'll address PLMC vs the recently ratified listing guidelines. The goal of the guidelines was to be transparent and consistent between projects, so here's my concerns:

• Token distribution - I calculate about 9% of tokens are unlocked so far, based on linear vesting schedules of early backers, employees, advisors. Treasury and Foundation Reserve is not "in circulation" and therefore excluded. (During my Omnipool research, I discovered that treasury tokens deposited into a DEX actually DO count towards circulating tokens and MC, so adding more DEX listings will definitely help increase distribution.) Theoretically if no Treasury or Foundation funds were spent, 40% of the early backer and employee/founder tokens won't be unlocked until around 10 months after TGE and that's just 16% of the total supply.
• CEX listing - while the $79k 24hr volume is good, surprisingly MEX only has a 2% depth $1.1-1.5k. In the guidelines I put what I thought was a reasonable goal of $2k 2% depth.
• Block explorer - I played with the Polkascan explorer and WOW is it lacking in features. https://explorer.polimec.org/polimec. I was hoping to get a list of top accounts, or metrics on whale/dolphin/shrimp account distribution, or how many unique addresses there were but it's not available. The best I can find is that the nine council members hold about 919k PLMC each ($284k). At least the Parity Data Team's monthly report shows 1k-9k transactions/mo and 300-350 active addresses/mo. https://dashboards.data.paritytech.io/eoyr.html So while Polkascan's lack of features is not Polimec's product issue, I don't get a warm and fuzzy feeling that token holders have great visibility into what's happening with their chain.
• Token holder governance - it looks like governance voting is basically only the team. Council passes motions, 1-3 people vote on it (mostly team members) and there's no descriptions on the motions in Polkassembly. In the Polimec Discord server, there are no Announcements about on-chain governance at all.

Again, no personal issues with the team, but those are several areas that could improve as the project matures. I would still suggest targeting $100k+ of PLMC-DOT liquidity as an Isolated Pair and begin trading on the Hydra platform. The team could either sell $50k of PLMC up front start by depositing $10k PLMC-DOT and provide PLMC liquidity incentives to get people to deposit more. 6 months of $100-200k liquidity would cost about $2.4k/mo/$100k x 2 x 6mo = $28.8k in PLMC incentives based on other LM proposals I've seen. After four months of that, you'd reach 10 months after TGE and at least 40% of backer/founder/employee/investor tokens unlocked. Then return to the discussion about whether PLMC price discovery has progressed enough to be listed in the Omnipool.