Just this afternoon, Grandpa Oli has just revealed the latest news about AxieBCH. This is not just random news, by the way, as it is something that all scholars can benefit from. So what's the good news, and how can we (scholars) benefit from it?
The good news is we, scholars, will become co-owners of the guild soon. In what way? Well, according to Grandpa, they are going to give each scholar free AxieBCH and probably other tokens that we can convert into liquidity pairs on any of the 2 SmartBCH DEXes: MistSwap or MuesliSwap.
Their goal is to make the scholars not only co-owners but also liquidity providers of AxieBCH. However, participation in this program is optional, which means that those who don't feel like participating are always free to refuse. Whatever the scholar's decision, it won't affect their status as a scholar in the guild.
This means that aside from our 2 payouts every month, we can also earn extra passive income by just providing liquidity in AxieBCH. There's one condition, though. Anyone who takes part in this program must not sell the initial "liquidity injection" provided by them. No selling, just let them sit nice and pretty in the Liquidity Pool. Nevertheless, all profits from farming will automatically be ours, and we can use that for whatever means we have in mind. We are also free to top up the initial liquidity with our own funds and withdraw them whenever we please as long as the initial liquidity will stay intact.
Aside from this program, we are also excited for the mini-games that will start this coming Saturday, November 20, in which a prize pool of 15000 AxieBCH awaits us. These mini-games include Draw My Thing, Gartic Phone, and a few more. Not to mention the monthly Black Box Lottery, wherein one lucky scholar will have a chance to win a decent amount of BCH. The prize pool varies depending on the total number of scholars, which means that if we reach 70 before December 1, then the prize is $70 in BCH.
Closing thoughts
I am not a fan of LP, but I'm very much excited about this opportunity to provide liquidity in AxieBCH and earn passive income from it. So when I heard about this news, I got so excited that I decided to write about it.
I may not have provided liquidity for AxieBCH ever, but I have been an AxieBCH HODLer since presale, and I plan to hold mine for as long as I can. So far, I already have 70k BCH, and my goal before 2022 is to have at least 100k in AxieBCH. Honestly, out of so many SmartBCH tokens available, AxieBCH is the only token that I invested a lot in. This will be my long-term investment aside from BCH.