2021-12-15 17:48:00
Thank you all for joining our community. We are looking forward to working with you to build out the AAG Platform and help bring more people into the metaverse.
We understand that you all have a couple of concerns so we would like to address them. Please be patient and read through what happened and why it happened.
1) Listing price on UniSwap
What Happened: Initial price was set to 20c
Why was it done?: The idea was to help
set a positive trend for the listing. As you may have seen in most listings, you want to
show a positive price movement to attract people to join the community.
What happened?: We started setting up the LP on UniSwap and preparing the announcement. We wanted to set it up a few minutes early so that we can make an announcement right after.
While trying to finish setting it up and set the price to what it is at the end of the auction, some of our community members found out probably because of movements on EtherScan (or maybe another way) and acted before we were able to do so. We admit that this turned out to be a mistake on our part and a few people were able to purchase a lower price, but
we believe the idea was correct based on the current market condition.--
2) Low liquidity on UniSwap
What Happened: Low liquidity was added on UniSwap
Why was it done?:
We are in discussion with many centralized exchanges (CEX) which will help provide much higher liquidity for trading. However,
these exchanges have a much higher liquidity requirement and that's why we have to preserve it so that we can actually do the listing. We will announce it as soon as we can.
Some community members mentioned that we should have put a lot more liquidity into the LP since we raised quite a bit of money. We would like to remind you that
the funds we raised will be used primarily to further develop our products and by putting in a large amount like some of the community members suggested would have only restricted us from being able to move faster on the development side.--
We hope that everyone understands that we are trying out best for a better outcome for the company and the rest of the community. We will continue to focus on the products and community. That includes providing more liquidity for our token on CEX. Please be patient and allow us to get things going in the next few days.
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