Unigrid Summer Update

Dear Unigrid Community,

We want to update you on the latest developments at Unigrid as we navigate these challenging market conditions. Your support and patience mean a lot to us, and we are committed to keeping you informed about our progress and future plans.

Postponing the LBP

We have been working towards launching a Liquidity Bootstrapping Pool (LBP) on Fjord Foundry. However, given the current market climate, we have decided to delay this launch. The funding required is significantly higher than what the market can support right now. The LBP is a crucial step towards our coin listing, and postponing it ensures we can achieve the best outcome for the project's long-term success.

Focusing on Community Growth and Engagement

Due to the market downturn, we are shifting our focus towards growing and engaging our community. We are excited to announce that Unigrid will now work on an open incentivized testnet. This initiative involves various tasks, from using the faucet bot to running a validator or a gridnode.

Incentivized Testnet Details

We are preparing a Web3 portal where participants can log in with a Keplr wallet to view their stats and track progress. Participants in this program will be rewarded with mainnet tokens, offering a tangible reward for your contributions to the project. The incentivization will focus on testnet use, including activities such as using our faucet, staking, running gridnodes, participating in votes, and setting up validators. More details about the program will be released shortly. Please connect to our social channels to stay updated on the status and start of the event.

Addressing Community Concerns and Future Direction

We know some of you have concerns about the current situation and the delays we face. Our goal is to ensure Unigrid's longevity and success, even if it means moving at a slower, more deliberate pace during these market conditions.

As we navigate these challenges, we are laying the groundwork for future success. The incentivized testnet is just the start. We are committed to continuous development and are working on features and improvements to strengthen Unigrid's infrastructure and utility. Your participation and feedback are crucial during this phase, and we appreciate your input as we move forward.

Summer Months and Community Well-being

We understand that the summer months can be slower and that many of you might be taking a well-deserved break. We hope you are all having a great summer, and we appreciate your patience during this time. We look forward to ramping up our efforts as we move through the year.

Thank you for being part of this journey with us. We look forward to your participation in the incentivized testnet and appreciate your ongoing support.

Best regards,

The Unigrid Team

Feel free to reach out with any questions or feedback. Together, we will make Unigrid a success!