Introducing SAVE

We’re incredibly excited to introduce you to SAVE, the token that rewards holders who SAVE.

What’s SAVE?

SAVE is a new decentralized finance (DeFi) token built on the Lamden platform and created by blockchain veterans and current Lamden community members. We’re happy to report that current holders of DOUG/BASIC will have the opportunity to swap their tokens for SAVE.

SAVE has a range of features that make it ideal within the DeFi space. It’s a token that natively grows liquidity, rewards holders for saving, and accumulates a treasury which will eventually be leveraged to further reward SAVE holders. This is just the beginning.

SAVE will ultimately be operated by a decentralized autonomous organization (DAO) once the community has matured and prominent community members have presented themselves. The DAO will help decentralize decisions, incorporate important feedback from the community, and guide the platform’s future.

What about DOUG/BASIC?

The DOUG/BASIC token was one of the first to debut on Lamden mainnet shortly after the creation of the LST standard. Although created as a light-hearted test of the LST standard, there has since been significant deliberation and planning to elevate the project to the next stage. Team reserves will be distributed to community members to support the launch of SAVE — more details will be shared in the upcoming tokenomics article.

We’re excited to provide the benefit to current DOUG/BASIC holders whose tokens can be swapped at a ratio of 100:1 SAVE. The swap will be open for 6 months to allow active users to swap tokens at their convenience. The swap will close at the end of the 6 month period. More details will be shared in the upcoming tokenomics article.

What’s next?

More information will be released in upcoming Medium articles.

We’ve only given you a glimpse into the SAVE project and have lots more to announce. Please be sure to subscribe to us on Medium, Twitter and Telegram to stay up to date on all the coming announcements.