Bike Pitstop 2 - “ Done cooking. Time to deliver “

The Spaces addressed several key topics, starting with a review of recent challenges and solutions in the community, particularly regarding the token crash and liquidity issues. The host discussed efforts to improve transparency and communication with the community through frequent updates and opportunities for engagement. Key features such as the introduction of a bike raffle and a transparency dashboard were highlighted. Participants also discussed the dynamics of bitcoin prices and strategies for managing investment emotions. The session concluded with reminders about upcoming features and the importance of community involvement.

Highlights from the Twitter Space

Community Health and Token Volatility

• Speaker 1 (Name not provided) discussed significant improvements within the community over the last week, attributed to changes since a token crash resulted in high volatility in liquidity pools.
• Plans to increase the frequency of community calls to ensure better connection beyond tweets and Telegram conversations were proposed.

Liquidity Pool Changes and Depegging

• The call focused on reviewing changes in the liquidity polls and discussed the depegging process of the Om and Bike tokens on the Osmosis platform.
• Speaker 1 explained that liquidity similar to USDC on Mantra contributed to a 90% price crash.
• The team worked with the Mantra team to find solutions, which included strategic depegging and adding more USDC liquidity.

Developments and Transparency Initiatives

• The community was informed about ongoing developments, emphasizing transparency.
• A transparency dashboard and a Trello board have been set up to share ongoing tasks and developments with the community.
• Ali, referenced multiple times, appears to be a key figure in the development and community interaction process.

New Features and Mechanics

• A new meta activity, “golden ticket raffle,” was announced. It allows community members to burn 88,888 Bike tokens for a ticket and participate in a raffle with rewards ranging from real-world gains to NFTs.
• Details will be accessible via a Gitbook link after the announcement.

NFT Rewards and Automation Discussions

• Discussed potential for automating staking processes to increase yield compounding and managing rewards from Bike NFTs, focusing on real-world economic principles and portfolio management.

Community Involvement and Feedback

• Speaker 1 encouraged community members to participate actively in idea generation and project improvement suggestions via a Google form and future discussions on Twitter spaces.
• Proposals from the community will be evaluated and potentially added to a task board.

NFT Series and Rewards

• Upcoming NFT series were discussed, with ongoing reward distributions acknowledged as a community highlight, known locally as the "Mint Party" and "Rewards Party."

Market Sentiment and Bitcoin Discussion

• Speaker 2 briefly discussed Bitcoin's price recovery and the emotional dynamics of market participation, encouraging logical engagement strategies like DCA (Dollar-Cost Averaging).

Conclusion and Future Plans

• Plans for increased transparency, community involvement, more frequent spaces for open dialogue and feedback incorporation were emphasized.
• Ending remarks included encouragement to prepare for upcoming raffle opportunities and excitement about the ongoing developments in the Web3 space.

The host concluded with a positive note on future engagements and community developments, highlighting the exciting prospects in the market and within the Bike community.