MEME:LOLZ Pool and Hourly MEME Lottery Now Available
Note: This post assumes that the reader has at least a basic understanding of liquidity pools on the Hive platform. If you are new to pools it is recommended that you DYOR (do your own research) before adding liquidity to MEME:LOLZ or any other liquidity pool. Read what others have posted to Hive about pools such as @ecoinstant's "HOW-TO guide on using hive-engine DIESEL POOLS" and "Compounds & Time - Liquidity Pools & Hive" by @dstampede.
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Image Source: hiveme.me
You might have noticed a sudden upward spike in MEME token's price recently. This is because @memehive bought back over 200k of MEME from the leodex.io exchange. Token buy back is one of the steps @memehive is making as we progress onward to the next phase of MemeHive.
Starting today there is a diesel pool for the trading pair MEME:LOLZ tokens. There is a plan to add at least one other token pairing to MEME by the end of 2022. Why MEME:LOLZ and not something else like MEME:SWAP.HIVE or SWAP.ETH:MEME? Those pairings can be added later as MemeHive expands but for now @memehive is focusing on one of the main reasons MemeHive exists: To add value to the Hive platform. LOLZ Project tends to reward more for comment engagement while MemeHive tends to reward more for post content. Both projects help to incentivize active participation on the Hive platform.
Technically a meme doesn't need to be humorous but many content creators posting to hiveme.me share humor-based memes for upvotes and comments. That is yet another parallel MEME and LOLZ have in common despite being different tokens.
Since both LOLZ and MEME are relatively new tokens it is also hoped that pairing them in a pool will simultaneous benefit both tokens' value as we grow.
Image Source: tribaldex.com
Of course MemeHive doesn't expect anyone to add LOLZ and MEME liquidity to the pool with nothing in return. Every hour iquidity providers to the MEME:LOLZ pool are eligible for a lottery. Each hour 500 MEME gets minted by the smart contract and a winner in each hourly round receives the newly minted 500 MEME.
To add LOLZ and MEME tokens to the MEME:LOLZ pool go to https://tribaldex.com/dieselpools/ and select the "Add Liquidity" option.
In the "Pool" text box search for MEME:LOLZ.
Image Source: tribaldex.com
To add liquidity to MEME:LOLZ or any other pool on the Hive platform you need to have an equal amount of each token relative to their value in SWAP.HIVE. The prices of each token are above the "Add Liquidity" button. To determine the current amount of each token required you can click on the "Max" button if you want to add all of your account's amount of the token and the other box will be automatically filled out. Yoiu can also type in a number and the other box will also auto fill with the other token's amount.
Using my @holovision account I have 100 liquid LOLZ I can add to the pool. Based on the current rate of 123.33741169 MEME per LOLZ I need 12,333.7412 MEME to add my LOLZ and MEME to the pool. I have over 47,000 liquid MEME in my account so I have more than enough. If I didn't have enough of either LOLZ or MEME I would need to buy more of the token I lacked or earn more of the token on Hive before I could add liquidity to the pool.
Image Source: tribaldex.com
The probability of winning 500 MEME in each lottery round is based on how much liquidity was provided to the pool during each round by an account. The higher the percentage of shares an account has in the pool the greater the chance of winning a round.
Going back to https://tribaldex.com/dieselpools/ and selecting "Your Positions" shows that my @holovision LOLZ and MEME in the pool gives me 1110.574 shares. Since during this test of the pool my @holovision account is the only account providing liquidity to the pool I have 100% of the shares and will win the current lottery round. If someone during the next round adds LOLZ and MEME to the pool my percentage of shares goes down proportional to the amount of liquidity the new account adds. As more accounts provide more liquidity the chances are spread out during each lottery round.
Image Source: tribaldex.com
As they say for the real proper lotteries: Play Responsibly.
Meme modified from Matrix image
Looks good. I'll start adding some as I get more liquid MEME
!LOLZ
!PGM
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
Discord
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lolztoken.com
They eventually fired him.
Credit: reddit
@memehive, I sent you an $LOLZ on behalf of @imno
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (5/10)
Good to see the MEME team making moves. I added what i could to the Pool.
Let's keep growing.
!hbits
(I put all my LOLZ in the pool 😢)
Posted using MemeHive
Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | community | <><
What's the HBITgame? | Card 2 of 4
Thanks for your support.
!LOL
lolztoken.com
My doctor told me to sleep on it.
Credit: reddit
@indiebandguru, I sent you an $LOLZ on behalf of @memehive
Use the !LOL or !LOLZ command to share a joke and an $LOLZ.
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(5/10)
Amazing updates! I been telling people every tribe can utilize MEME for marketing, it is for everyone !1UP !PGM !PIZZA !LOLz !Giphy lotto winner
Posted using MemeHive
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get votes from @ pgm-curator by paying in PGM, here is a guide
Create a HIVE account with PGM from our discord server, here is a guide
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Via Tenor
lolztoken.com
She had mittens.
Credit: marshmellowman
@memehive, I sent you an $LOLZ on behalf of @dynamicrypto
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/4)
Great.
Have a great day.
!LOLZ
!PIZZA
!PGM
Posted Using LeoFinance Beta
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get votes from @ pgm-curator by paying in PGM, here is a guide
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lolztoken.com
Don’t worry I won’t spread it.
Credit: reddit
@memehive, I sent you an $LOLZ on behalf of @steem82868
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (7/10)
Thank you.
!LOL
lolztoken.com
Details are sketchy.
Credit: reddit
@steem82868, I sent you an $LOLZ on behalf of @memehive
Use the !LOL or !LOLZ command to share a joke and an $LOLZ.
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(10/10)
PIZZA Holders sent $PIZZA tips in this post's comments:
steem82868 tipped memehive (x1)
@dynamicrypto(3/15) tipped @memehive (x1)
Join us in Discord!
Promised, promised, talked, said, but never gave an air drop from the STEEM-Engine)
Posted Using LeoFinance Beta
I believe you're confusing GEEK with MEME on steemit.com and yes I did air drop GEEK using that buggy EngineAirDrop program I did a steemhunt post about.
At that moment, I was looking at the MEME coin in my wallet in the Steem engine), but I also have too many bored GEEK coins so as not to look at them with hope) I want to add a couple of words. The Hive bloggers had a unique opportunity to learn which coins to trust and which coins to be suspicious of. It was an airdrop moment. I can cite dozens of examples of those who. no matter at what price people bought the coins, made a 100% airdrop. It is clear that I personally, and other people, will treat such coins and their creators with deep respect. But, there were also those who twisted their arms or did not send an air drop at all. Of course,I never more I will not buy a coin from such authors. I would like to respect both you and your coin.
View more
Why use the lottery system and not the proportional one?
!LOLZ
lolztoken.com
Hummus-cide
Credit: reddit
@memehive, I sent you an $LOLZ on behalf of @yeckingo1
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/10)
What's the proportional one? Not sure what that is. Do you mean mining pool contract that acts like "proof of stake"?
I mean that if 100 tokens are distributed per day and I have 1% of the pool, I receive 1 token per day. What I have understood of what you do is a lottery that distributes the 100 tokens to a specific person.
Thanks for setting this up, it is so awesome. I see you set it with a LOOOONG active period too which is also cool. @lolztoken has added 600 LOLZ to the reward pool, and will keep an eye on it and add more as the pool grows and the APR drops. !LOLZ !LUV
Posted using MemeHive
@lolztoken(1/1) gave you LUV.
wallet | market | tools | discord | community | <><
lolztoken.com
I now live in constant fear.
Credit: bulldog-joy
@memehive, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/10)
You have received a 1UP from @dynamicrypto!
@leo-curator, @bee-curator, @meme-curator, @vyb-curator, @pob-curator, @neoxag-curatorAnd they will bring !PIZZA 🍕
Learn more about our delegation service to earn daily rewards. Join the family on Discord.
gm, great initiative
!LOLZ
!hivebits
Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | community | <><
What's HBIT?
lolztoken.com
A sham-rock.
Credit: reddit
@memehive, I sent you an $LOLZ on behalf of @thanatos25
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/2)
Thank you.
!LOL
lolztoken.com
But he's agreed to cut me some slacks.
Credit: reddit
@thanatos25, I sent you an $LOLZ on behalf of @memehive
Use the !LOL or !LOLZ command to share a joke and an $LOLZ.
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(9/10)
Congratulations @memehive! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 2250 upvotes.
Your next target is to reach 800 comments.
Your next target is to reach 800 replies.
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great update
Thank you.
!LOL
lolztoken.com
But I'm clean now.
Credit: reddit
@hafozv, I sent you an $LOLZ on behalf of @memehive
Use the !LOL or !LOLZ command to share a joke and an $LOLZ.
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(8/10)
Awesome, I'll be adding to the pool in the upcoming days.
!LOLZ
Posted using MemeHive
Posted using MemeHive
lolztoken.com
I called her up and asked “Did you get my drift?”
Credit: reddit
@memehive, I sent you an $LOLZ on behalf of @rentmoney
Use the !LOL or !LOLZ command to share a joke and an $LOLZ.
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(2/8)
Awesome job and I was looking at checking this out. Looks like I've got another diesel pull to jump into thank you guys very much for all of your hard work.
Diesel pulls I can invest in with the tokens I'm already getting is just the coolest thing ever.