Data Lake News
How the new LAKE distribution looks like after our Burn of 66% of the total supply!
The Data Lake team made a significant announcement on August 23rd, 2023, revealing the successful execution of a substantial burn, which accounted for 66.67% of the total supply, with most of the initial allocations subject to either a partial or a total burn.
Tutorial: How to become a LAKE-ETH Liquidity Provider and earn rewards
Premise: Providing liquidity is NOT for everybody, as it comes with risks such as impermanent loss (best explained by this article) – risks as well as eligibility criteria are detailed in T&C, that need to be approved before participating our Program. In particular please note that this Program is not for consumers, but for professionals conducting business activities in crypto
Project Update #16 – August 2023
Dear Community and Investors, Welcome to yet another Project Update from Data Lake! We’re thrilled to bring you the latest news on our exciting developments and strategic moves as we continue to shape the future of the LAKE ecosystem. August has been a month of significant accomplishments, with groundbreaking initiatives that are set strengthen LAKE appeal and tokenomics. As usual, there’s a lot to mention so let’s get right to it!
Enhancing Liquidity: Introducing the LAKE Token Liquidity Provider Rewards Program
Dear Community and Investors, We have listened to your feedback, and we believe the time has come to increase both the use-cases of the LAKE token, as well as the liquidity. Liquidity provider incentives have always been on the roadmap, from its inclusion in the white paper to the current 12% allocation of total supply reserved for it, and we are proud to unveil today our first Liquidity Incentives program!
Data Lake’s First Data Sale and Inaugural LAKE Buyback!
Data Lake is proud to announce its first buyback of LAKE token after the successful completion of our first data sale! As outlined in our whitepaper, a percentage of our revenue from each data purchase is allocated towards buying LAKE tokens from the market. These tokens are subsequently distributed to our ecosystem stakeholders – including Data Donors – with a vesting period.
Unveiling Scarcity: LAKE Token Burns 66% of the total supply, forever!
We are thrilled to announce the first of a series of monumental leaps forward for LAKE Token that demonstrate our unwavering dedication to its growth, value, and the vibrant community that propels it. In a resounding declaration of commitment, we have taken the groundbreaking and significant step of burning 66% of the total supply of the token.
Project Update #15 - July 2023
Dear Community and Investors, Welcome to another Project Update from Data Lake! With the beginning of the third quarter of the year, Data Lake’s board has spent the last few weeks discussing the strategy to adopt for our business to thrive. In this update, we will be giving you a hint on what has been discussed, and we’ll recap the events that have characterized the past month. Ready? Let’s dive in!
Project Update #14 – June 23
Dear Community and Investors, Welcome to another Project Update from Data Lake! In the following article, we will cover some exciting updates since our last newsletter, and we’ll also go through our latest marketing achievements. Keep reading until the end for a hint on what’s coming in Q3 — without further ado, let’s get to it!
Medical Data Donation to reach tens of millions of new patients thanks to Diagnostyka partnership with the Donate Your Data Foundation!
We believe that medical data donation is the key to unlocking a new era of ethical medical research; research which has the potential to cure many diseases and save the lives of millions. For this medical data donation system to work however, all stakeholders including patients, healthcare providers, and researchers need to be on board.
Project Update #13 — May 2023
Dear Community and Investors, For a few months we’ve been hinting at some huge things we’ve been working on behind the scenes, and with agreements signed and sealed we are finally ready to share our biggest news…ever! We hope you’re buckled in and have your Telegram reaction gifs ready, because here comes the GIGA UPDATE.
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