ann01. 🐣Progress report on the development of Pollo Basic Income

Hello, Pollo family.

Here is what we can disclose about Pollo Basic Income at this time.

In the middle of the article, I also mention the contents regarding the whitelist, so please check it out.

Please note that all information may be reworked before opening. Thank you for your understanding.

🐤Pollo Basic Income is scheduled to be released in April

Summary

• Pollo Basic Income is scheduled to be released in April.
• The opening time is scheduled for 12:00pm (UTC+0)
• Whitelist priority entry to the Banks Pool is scheduled for 10:00am (UTC+0).

Fine-tuning of various parameters and checking the operation on the test site are progressing smoothly.

Pollo Basic Income is scheduled to open somewhere in April as stated in the roadmap, and if all goes well, it will be fully open by mid-April.

While the opening date has not yet been determined, the opening time is scheduled for 12:00pm (UTC+0).

Full opening means that the Boardroom and Shares Pool will be open.

The Banks Pool will be open 48 hours prior to full opening. In addition, those who have achieved Whitelist Bronze Holder status or higher will be admitted an additional 2 hours prior (meaning they will be admitted to Banks 50 hours prior to full opening).

12:00pm(UTC+0) Conversion Table
👇
21:00pm Tokyo(UTC+9)
20:00pm Singapore, Beijing, Korea, Philippines(UTC+8)
19:00pm Bangkok, Indonesia(UTC+7)
16:00pm Dubai(UTC+4)
13:00pm Nigeria(UTC+1)
08:00am New York City(UTC-4)
05:00am Los Angeles(UTC-7)

🐤The tokens that can be deposited in the Banks Pool and Shares Pool

The planned liquidity pools and staking lists are as follows

Banks Pool

Open to the public 48 hours before the Boardroom opens (priority entry 50 hours before).

??x Earn PDO by PoFi-BUSD LP
??x Earn PDO by PoFi-BNB LP
??x Earn PDO by BUSD
??x Earn PDO by BNB
??x Earn PDO by PoFi (HOT)

Shares Pool

Open to the public one day before the boardroom opens.

??x Earn sPDO by PDO-BUSD LP
??x Earn sPDO by PDO-BNB LP👉DELETED
??x Earn sPDO by sPDO-BUSD LP
??x Earn sPDO by PoFi-BUSD LP
??x Earn sPDO by PoFi-BNB LP
??x Earn sPDO by PoFi (HOT)

Postscript:
We are dropping the listing for PDO-BNB LP.
The reason is as follows: the system tracks the prices of PDO-BUSD and PDO-BNB pairs in the Shares Pool to determine if the PDO has crossed or broken $1. However, in the test run, we observed that when the PDO price was well below $1, the presence of the PDO-BNB pair made it difficult for the price to revert. This is not a problem if it works well, but in this case, we decided it would be better to remove it.

What should not be overlooked is the fact that PDOs and sPDOs can be earned by depositing PoFi.

This kind of Pool is the exclusive property of Pollo, whose protocol started from a yield farm.

Please think about which liquidity you want to choose now. Diversifying your deposits is also a good idea.

🐤Regarding the withdrawal of the release of the whitelist

Some people have said that it might be a security problem to release the wallets that passed the whitelist to the public.

We have decided not to release the wallet list to the public as we see no reason to do so.

The alternatives are as follows

• If you think you are a bronze, silver, or gold holder, please try to access the Banks Pool during the priority opening. If you can access the pool, you are eligible, if you cannot access the pool, you are not eligible (please make sure you have the correct wallet address to connect to).
• We will distribute sPDO to Bronze, Silver and Gold holders after the opening of the Shares Pool.

If you think you are eligible, please wait for the official announcement of the opening date and time. The date is TBD for April, but the priority entry time to the Banks Pool is scheduled for 10:00am (UTC+0).

🐤References to PoFi prices

Some of you may be worried that the price of PoFi has been dropping for the past few days. Regardless of that, some of you may be nonchalantly increasing the number of PoFi.

The Pollo Team will continue to monitor the price trend and we will not take our eyes off of it for a moment. It is the market that determines the price, and it is inevitable that the price of PoFi will rise and fall as a result of all events.

However, Pollo is a little different from most yield farming, with a different origin and purpose. We can’t stress enough the importance of holding PoFi, especially as we recently reported that PoFi farming will end at 500,000.

We want as many people as possible to make it through the whitelist and join Pollo Basic Income in the best possible condition.

We have a number of announcements to make in March before Pollo Basic Income is released.

In particular, the last announcement will be the most important and attention-grabbing for PoFi holders than any other announcement so far.

I’m very happy to see that the previous announcements of the whitelist and the 500,000-issue limit have received more response on social media than I expected. I really like the fact that we are getting honest responses in real time.

There is no doubt that the support from the Pollo family has been a driving force for Pollo to reach new heights. Thank you again.

By the time of the last announcement, the Pollo Team has made all possible preparations so that you can truly feel “glad to have met PoFi in March”.

We love our PoFi holders the most, as they were the first ones to believe in the future of Pollo and decided to join us. We will not do anything to betray the expectations of our beloved family.

Again, I understand your anxiety about PoFi’s price going down. But please keep in mind that in this bear market, you have the option of increasing the number of PoFi.

As of March 24, we have not yet taken a snapshot of the white list. For those of you who are collecting PoFi in order to pass the whitelist, we hope you will see this as an opportunity to increase the number of PoFi to pass.

As we have consistently told you, the number of PoFi is important.

🐤In closing

It’s been a week since the PoFi release on March 17th. It’s so fast.

What, was it 8 days?? Sorry, my memory is a little foggy. The Pollo Team will continue to make trial and error and breathe new life into the DeFi industry.

Specifically, we recognize that our starting point is to have a presence on par with bDollar and MIDAS. I don’t mean to imply that we are ambitious to surpass them. What we want is coexistence and co-prosperity.

I think it’s rare to find a project from DeFi that has a clear commitment to social contribution.

Pollo Team is with the family. Thank you for your continued support.