Launch of and Airdrop on the Crescent (CRE) Network

The "gift that keeps on giving," the latest airdrop in the Cosmos ecosystem has been an especially nice surprise!

^{Source: Crescent Network's Home Page}

Enough so that I stopped what I am working on long enough to write this post about it!

Let's take a closer look ... 🧐

Step 1 - Crescent Network's DEX and Airdrop #1

To begin, I would like you to know Crescent Network's blockchain has only just launched!

Crescent Network's DEX Launch

To be specific, 7 days ago:

^{Source: Crescent Network Explorer on Mintscan - Block 1 web page.}

^{Source: Crescent Network's Farm web page.}

And their first objective was to get both the native (CRE) and bonded version (bCRE) of their base token established on their DEX, as shown above. As we can see, initial weighted incentives have been placed on their LPs with ATOM, LUNA, and UST.

I was particularly pleased to see pairing with the ubiquitous UST (recently "flippening" BUSD into the 3rd largest marketcap stablecoin position, behind USDT & USDC) available, as an option, "right out of the gate!" 🙂👍

Crescent Network's DEX Airdrop

Their airdrop was typical of what we are all experiencing more and more - they designed it to incentivize participation, in stages:

^{Source: Crescent Network's Airdrop web page.}

Unlike several I have experienced, this one went very smoothly! Gotta give 'em two thumbs up for that, as it is sad to me how many of these launches can't seem to manage this "mission critical" first step! 👍👍

"You have one chance to make a good first impression! It's all 'uphill' or 'downhill' from there ..."

[from @roleerob's training of teams reporting to him, in his long professional career ...]

I won't bore you with the details, once these steps were completed, of establishing my LP positions. Anyone familiar with investing into any DeFi platform will find it all very straightforward.

Any of us with any DeFi experience knows how this typically "plays out," right? The "farm token" burns bright for a "few minutes," then "flames out" ... Knowing this and given that I had not made any investment, but was simply benefitting from "free money," I tested how well all on this new DEX worked, by swapping a portion ($250) of my airdrop to UST and transferring it out to my Ledger-backed wallet.

In so doing, I had three objectives:

Ensuring (as much as that means anything in crypto ...) I had at least some benefit "saved" from this nice airdrop.

If there was an inevitable drop in CRE, the based token of Crescent's new DEX, give myself the option to DCA back in at lower prices, if that seemed warranted.

Leave most it in place, to do my small part to help this new DEX succeed, given the initial favorable impression made.

Worked just fine! 🙂

And, as expected, my portfolio value dropped down considerably from there, losing about 40% of its value. But ... Then ("when what to my wondering eyes did appear" 😉) ... It has started to climb back up! Back to where it is now closing in on exceeding the value of the original airdrop! 🙂👍

My portfolio (Day 1 rewards) in "house money," as this is written?

^{Source: @roleerob's portfolio on Crescent Network's Portfolio web page.}

Way too early to make any meaningful projections, but ... Certainly off to a nice start! 💰🚀💰

Steps 2 and 3: Crescent Boost and Crescent Derivatives

Wait! We're not done yet! Looking into the doc details (link below), we find that this airdrop is only the beginning.

^{Source: "Crescent Network Moonrise" video on YouTube.}

There are two more planned "major additions" to the Crescent Network, the 2nd of which - Crescent Boost - is "soon" ...

^{Source: Crescent Network's Airdrop web page.}

... and, with it, there is a 2nd airdrop linked to its unveling. Will it include several stages to complete? More than likely! But given how well their first phase went, I assume it will be uneventful.

The exciting part is this airdrop will be for the 2nd 50% of the 100 million CRE tokens planned for the uhhh ... "distribution phase" ... of the launch of this new financial sector-based blockchain. In other words, this very pleasant airdrop surprise will soon double.

Excellent news!!

You can learn about both Crescent Boost and the 3rd major feature addition, Crescent Derivatives, in the documentation link below.

DYOR Resources

If you like what you have "heard" so far and feel inclined to take a closer look, dear reader, here are some helpful resource links, to get you started:

Crescent Network's "A Star is Born" introductory story on Medium.

Crescent Network's website.

Crescent Network's Discord server.

Crescent Network's documentation.

Enjoy! 💰🚀💰

Closing

So ... Finishing my first POL (proof-of-life 😉) post in awhile (maybe a little more than awhile ...), it is always nice to be able to write about something positive, as the opportunity to do so seems in short supply these days. While no question it is "early days" yet, I have obviously been impressed enough with how Crescent Network's launch has gone thus far to stop and write this post about it.

As a nice ROI on my current 5-figure Cosmos ecosystem investment, this welcome news increases my motivation to continue working toward one 2022 objective - increase it to a 6-figure stake by EOY. There is a lot to like about what is happening with all of these IBC-linked blockchains, so why not?

I’d love to hear any feedback you may be inspired to provide.

Until "next time," all the best to you for a better tomorrow, as we all work together to build up our Hive Communities and add increasing value to our Hive blockchain!  

Respectfully, Blogger @roleerob Hive "Dolphin" 🐬, LeoFinance "Whale" 🐋, & Man Cave "Dragon" 🐉

  

P.S. I am not a financial adviser. Please consider this post as financial information and / or opinion only. Please perform your own due diligence, in whatever manner seems best to you, if you have found it to be beneficial.

Posted using LeoFinance and “immutably enshrined” in the Hive blockchain on Wednesday, 20 April 2022! 🌲 No trees were harmed in the publishing of this post! 🌲

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Intro: 💰> $1,000 💰 Airdrop on New Crescent Network! 🚀