Tag: IDO

  • Sleeve Sponsor Jetcoin Celebrates Huddersfield Win in FA Cup Game Following Successful $JET IDO | by Bit Media Buzz | Jan, 2022

    Sleeve Sponsor Jetcoin Celebrates Huddersfield Win in FA Cup Game Following Successful $JET IDO | by Bit Media Buzz | Jan, 2022

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    Bit Media Buzz

    Singapore, January 12th, 2022 — Blockchain-powered sports and entertainment NFT solution Jetcoin celebrates the victory of their sleeve-sponsored team Huddersfield Town A.F.C. which has defeated Burnley in the FA Cup Third Round.

    This comes close on the heels of the sport NFT solutions provider’s IDO which closed successfully a week before, followed by its listing on popular BSC (Binance Smart Chain) DEX (decentralized exchange) Pancakeswap, with 80% of the funds raised, locked in liquidity on the platform.

    “Broadcast in 38 countries with potential viewership of 200 million, the FA Cup games offer massive global exposure and we couldn’t be prouder of our team Huddersfield’s amazing performance on the pitch this past weekend,” declares Jetcoin CEO and founder Eric Alexandre.

    Three match jerseys worn at the game are redeemable for fans through the JET Interactive NFT cards.

    History on Repeat? Double Underdog Wins with Jetcoin Sleeve Sponsorship

    Currently, Burnley competes in the top tier of English Football, the English Premier League, while Town competes in the Championship, the second tier. For Jetcoin, the upset win is reminiscent of the 2018 FA Cup Championship when another David-Goliath tale played out as Wigan Athletic F.C., a League One team two divisions down EPL, scored a historic win against Manchester City, the then leading team in the EPL. Both times saw sport NFT solutions provider Jetcoin supporting the underdog with sleeve sponsorship and emerging victorious.

    2022 also marks the 100th anniversary of Huddersfield’s only FA Cup success in 1922, a run which began with a 2–2 draw at Turf Moor, home stadium to Burnley.

    Staking Program Officially Open with 1 oz Pure Silver Minted $JET for 1st 100 Participants



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  • MRHB DeFi Closes Successful USD5.5M Fundraise with IDO and Announces 5 Million Pool of MRHB Token Rewards for Liquidity Providers | by Bit Media Buzz | Dec, 2021

    MRHB DeFi Closes Successful USD5.5M Fundraise with IDO and Announces 5 Million Pool of MRHB Token Rewards for Liquidity Providers | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Melbourne, Australia, December 31st, 2021 — The world’s first ethical and halal DeFi ecosystem platform MRHB DeFi officially concluded its successful fundraising with its final public IDO rounds on DODO and ZeeDO launchpads, altogether raising a total of US$5.5 million with around 85% coming from a global community of investors looking for an ethical and halal entry into the cryptoverse.

    Immediately following the close of the IDO, the MRHB token was listed on the popular DEX PancakeSwap, a leading decentralized exchange on Binance Smart Chain (BSC). For the very first time, early supporters of the project were able to trade and swap their MRHB tokens.

    5 Million Pool of $MRHB Token Rewards for Liquidity Providers

    Instead of standard buy/sell order books, Pancakeswap uses the Automated Market Maker (AMM) model where trades are done through a ‘Liquidity Pool’ whereby users invest funds (become Liquidity Providers or LP’s) to the pools to facilitate swaps.

    MRHB DeFi has now announced that over the next three months, $MRHB token holders can become Liquidity Providers on PancakeSwap and earn their share of the pool of 5,000,000 MRHB token rewards.

    The following MRHB/USDT liquidity pool has been set up on PancakeSwap, and MRHB Rewards will only apply to this pool:

    Liquidity Providers to the pool can earn in two ways:

    1. By supplying liquidity to the pool, the liquidity providers earn transaction fees on PancakeSwap as profit. The total trading profits made will be divided among the LPs, proportional to the amount of funds contributed and the amount of time funds are invested in the pool.

    2. In addition, MRHB DeFi will offer a reward to the LP investors on condition that they invest funds into the pool at any point during the three month loyalty period. The $MRHB token reward pool will initially begin at 5,000,000 to be shared among the LP token holders. The number of tokens awarded will change over time but will be visible on the MRHB Reward Dashboard (https://rewards.mrhb.network/). Investors can withdraw their funds at any time.

    As an extra incentive for LPs, MRHB DeFi has announced that LP’s who lock their tokens for the full 90 days in the pool will have the right to claim an NFT from the first collection at their Souq NFT marketplace. Souq NFT is the first anti-NSFW NFT marketplace in the world that is focussed on creating an ethical and halal marketplace for digital art and other NFT assets.

    MRHB DeFi has provided more detailed instructions on how to be Liquidity Providers in the following videos:

    A Conditional ‘Hibah’ Gift

    The LP token rewards are defined as a conditional gift (‘hibah muallaqah bi al-sharth’) that is provided by a third party, permissible according to the Islamic Fiqh. Since there is no (bilateral) exchange contract or transaction between MRHB DeFi and LPs (liquidity providers), MRHB DeFi is considered a third party and is providing the rewards as a gesture of appreciation to their loyal supporters.

    As the share of rewards depends on various factors such as the number of providers and amount of time invested, such LP rewards are not fixed, although they will be stated at the time the tokens are invested into the liquidity pool.

    Such rewards must also be considered together with the price movements (Impermanent Loss) of the MRHB token to assess the overall return to the token holder should they withdraw their funds from the liquidity pool.

    Reminder for Vigilance

    The correct MRHB DeFi contract address for the $MRHB BEP20 Token is as follows:

    https://bscscan.com/address/0xd10332818D6A9B4b84bf5d87DbF9D80012FDF913

    MRHB token holders are reminded to be vigilant against scammers and fake addresses and should exercise caution whenever participating in transactions. Only the following official channels contain the most current and accurate information about the developments of $MRHB.

    MRHB DeFi Official Channels

    MRHB Reward Dashboard: https://rewards.mrhb.network

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Facebook: https://www.facebook.com/MRHB-DeFi-105893235209147

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/marhabadefi_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    Telegram (Persian): https://t.me/mrhbdefi_persian

    Telegram (Urdu/Hindi): https://t.me/MRHBDeFi_Urdu_Hindi

    About MRHB DeFi

    MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

    The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.



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  • MRHB DeFi Launches IDO, followed by Listing of $MRHB on PancakeSwap and DODO | by Bit Media Buzz | Dec, 2021

    MRHB DeFi Launches IDO, followed by Listing of $MRHB on PancakeSwap and DODO | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Melbourne, Australia, December 22nd, 2021 — MRHB DeFi, the world’s first inclusive and ethical DeFi ecosystem platform, has announced today the IDO of its BEP-20 token $MRHB on launchpads, ZeroSwap and DODO. Upon IDO completion, immediate listings of the token on DODO and the ever popular PancakeSwap DEX will follow. This is exciting news for the loyal community of over 1000 investors and supporters of the project who will be able to publicly trade $MRHB for the very first time.

    “We are thrilled to announce the upcoming IDO and TGE (Token Generation Event) of the $MRHB token, which is the culmination of all the dedication and hard work of the entire Marhaba team,” declared CEO and founder Naquib Mohammed.

    “Likewise, we are indebted to our diverse and global family of partners and investors, as well as our loyal community, who have offered steadfast support for the project throughout. The $MRHB token will be the fuel that underpins our entire ethical ecosystem platform, driving our shared vision of an inclusive DeFi for a more sustainable cryptoverse,” he added.

    The public sale price of the $MRHB token is USD 0.04 on both ZeeDO, the launchpad of multi-chain DEX aggregator ZeroSwap, and on the DODO BSC launchpad, whose whitelist for the IDO has reportedly already been filled, as of this morning. There will be zero lockup periods for these tokens, which will be 100% released at TGE.

    Massive Community Interest for Ethical, Sustainable and Inclusive DeFi Offerings

    The community-first project has already concluded two successful pre-launch sales on their website. Unlike many other projects, where only VCs and VIPs get priority, MRHB opened their early rounds to the community to help share the crypto-opportunity — a move celebrated by the now 70,000 strong supporters. For the team, this served as an important validation of the interest for DeFi services rooted in ethics, sustainability and inclusion.

    MRHB DeFi was founded with a vision of providing excluded and crypto-cautious communities greater access to the growing opportunities and utilities of the crypto sphere. The project is underpinned by offering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance — a sector valued at around USD 3 trillion of assets. Bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    Business practices deemed ethical include those that avoid interest, usury, social exploitation as well as support sustainability, asset or utility backed financing, transparency and equitable risk-reward sharing. These principles have universal appeal far beyond the faith conscious community as evidenced by a large number of stakeholders beyond the halal-seeking population.

    Many of the values upheld by the halal platform align with several of the United Nations Sustainable Development Goals and MRHB is also a signatory of the Crypto Climate Accords, a group that seeks to achieve net-zero emissions from electricity consumption by 2030 as well as develop standards and technologies to accelerate the progress toward 100% renewably powered blockchains by the 2025 UNFCCC COP30 conference.

    To date, investors include Sheesha Finance, Blockchain Australia, Australian Gulf Capital, Mozaic, Contango Digital Assets, NewTribe Capital, Acreditus Partners, EMGS Group, Sinofy Group, MKD Capital and a grant from Polygon Technology.

    About MRHB DeFi

    MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

    The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Facebook: https://www.facebook.com/MRHB-DeFi-105893235209147

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/marhabadefi_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    Telegram (Persian): https://t.me/mrhbdefi_persian

    Telegram (Urdu/Hindi): https://t.me/MRHBDeFi_Urdu_Hindi



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  • ERA7: Game of Truth Share Exciting News of their Dec 20th NFT Sale followed by IDO and Game Launch in early 2022 | by Bit Media Buzz | Dec, 2021

    ERA7: Game of Truth Share Exciting News of their Dec 20th NFT Sale followed by IDO and Game Launch in early 2022 | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Era7: Game of Truth is an innovative Play2Earn NFT trading card game (TCG) that has recently been creating a lot of buzz in the GameFi space. We reach out to Era7 to find out exactly what makes this game tick.

    Q. Please introduce yourself and what you do at Era7, thank you.

    Hi, I am Teddy Chen, responsible for the system design of the Era7: Game of Truth project. I graduated with a bachelor’s degree from Shu-Te University. I previously worked at Game Hours Inc as Vice President of Operations and before that I was the General Manager at Joycell Inc and the Operations Manager at ISTAR Inc.

    In the game industry, I possess 20 years of experience — from PC online games to web games, mobile games, and now I am a part of the very exciting blockchain GameFi industry. My long gaming experience has taught me to focus on the players — how do they feel, what motivates them etc. As the person in charge of system design at Era7, I hope to provide the best gaming experience for players everywhere.

    Q. Congrats on your recent fundraising with a staggering lineup of VCs and institutions. How did you manage that?

    Era7’s Research & Development team has 15 years of experience in online game development and achieved great results in the traditional gaming space. To date, we have altogether accumulated nearly 10 million users in the online games that we have developed.

    After adding the concept of NFTs and Play-to-Earn to the Era7 game, along with offering chain interoperability, we attracted many well-known blockchain investment institutions. These institutions are extremely interested in the three competitive features of Era7, which are:

    1. Ability to attract the traditional gamers. Era7’s Trading Card Game (TCG) genre and rich gameplay are factors that resonate with traditional game players. Moving forward, the iOS and Android versions of the game will be launched simultaneously, and with promotional support from the traditional gaming circles, will bring in more valuable new traffic to the gamefi industry.

    2. High-quality product. Era7’s offers rich gameplay content and competitive elements, providing users with long hours of entertainment. With 1,000 exquisitely crafted NFT cards that have different attributes, the players can come up with endless battle strategy combinations which can generate different performance outcomes in battle. In the near future, these players can form an ever-growing PVP (player-to-player) competitive gaming community where they can not only play to earn, but also play for fun. At the same time, Era7 is also in the process of building an Esport-Fi model, so that holders of rare NFT assets will have more avenues to earn.

    3. Low threshold entry to Game of Truth. Era7 has no barrier to entry for players. Users who don’t understand cryptocurrency can still experience the game in the free-to-play mode. Indeed both novice and experienced gamers can find their place in the game, and together with the project, build their own worlds of truth that belong to them.

    Q. What is the central concept behind Era7: Game of Truth?

    Era7’s artistic inspiration comes from TCGs like Hearthstone and Magic: The Gathering.

    The Game of Truth plot revolves around seven races on the Continent of Truth who compete for the title of “King of Truth.” Amongst the races are groups of specially gifted individuals who are sent to attend Summoner Academy to undergo rigorous training where they graduate to become Summoners. Upon graduation, they travel the world to make Summoning Pacts with the most powerful amongst the seven races, to establish strong allies in order to consolidate their power.

    Since ancient times, throughout the year, battles amongst the Summoners have been held in the heart of the Continent. These Summoning Battles attract Summoners from all over the world who battle for the ‘King of Truth’ title. The winner is crowned ‘King of the Continent’, and he and his race are awarded the highest honors in the land.

    At Era7, we hope to create a world of truth that belongs to all the players in this kingdom of truth.

    Q. You are a Play2Earn NFT trading card game, are there other GameFi projects like you? If so, how are you different from your competition? If not, help us to understand your first-mover advantages in this space.

    We have two types of competitors. The first type are those like Thetan Arena, with elements of esports and competitive attributes built into GameFi. The second type are those like the Splinterlands/Mytheria card games with GameFi. They are all undeniably excellent and successful projects, and have built their own core following.

    Compared with the GameFi products on the market, the prime advantages of Era7 are the following:

    Q. Tell us more about your upcoming NFT Sale on December 20th. Can you share some pictures of the types of trading cards that will be on sale? What are the premium buys?

    The NFT Sales Event will be launched on 20th December and will feature 6,000 standard Mystery Boxes (‘Light Box’) priced at USD 119 and 400 premium Mystery Boxes (‘Epic Light Box’) priced at USD 399 respectively. The Mystery Boxes will be released in batches on a first-come-first-served basis.

    The NFT launch will start on December 20th at UTC 12:00 and end on December 22nd at UTC 00:00.

    Using Metamask, buyers can connect to the official marketplace to pay for purchases with $BUSD.

    The Light Box and the Epic Light Box will feature 16 Master Cards with varying levels of rarity and value. When a buyer obtains a Master Card, he or she has approximately 15 days, before the game is officially launched, to complete the ‘UNSEAL’ function. After the buyer completes unsealing, he or she will receive several Battle Cards in one go. Furthermore, the Master Card that he or she holds has the capability of automatically summoning Battle Cards daily. These NFT cards are all precious in-game resources.

    Subsequently, when the user ecosystem is well-developed, the quantity and quality of the cards held by the player will be the conditions that determine the number of ERA tokens and GOT rewards that the player will be able to obtain. Both ERA and GOT are game tokens which can later be exchanged for cryptocurrencies on DEXes and CEXes in the future. The unsealed Mystery Box that has been successfully snapped up at this upcoming sale or the Master Card that is obtained after unsealing can both be traded and sold on the official marketplace.

    Here are examples of the 2 types of Mystery Boxes:

    Here are some examples of Master Cards:

    Q. Please share with us any other exciting news that you would like our readers to know thank you.

    Era7 officially launched global marketing for the project in November 2021 and since then we have been revealing news and updates in stages. To date, Era7 has completed its seed round and an initial private round of financing, led by Hashkey and MOBOX, and a dozen other renowned VCs and institutions including Huobi Ventures, OKEx Blockdream Ventures, Good Games Guild (GGG), AU21 Capital, AlphaCoin Fund, Waterdrip Capital and more.

    In November 2021, we set up our official website and built our community on channels like telegram, twitter, discord, facebook, reddit and medium. Simultaneously we also launched our global PR in Southeast Asia, Europe, South America and other countries. Currently, we have more than 190,000 followers in our community.

    On December 16th, the second phase of our official website was released and we launched the white paper as well. We had a series of airdrops and giveaways and started our NFT airdrop on December 13th. What is most important is that our NFT official marketplace will go live on December 20th, and at the same time, the NFT Mystery Boxes will be on sale for a limited time.

    Come January 2022, Era7 will launch our IDO. We are excited that we have managed to collaborate with Pancake and another well-known IDO platform. We will be announcing whitelisting activities, how to participate in the IDO and final confirmation of the IDO platforms. After completing our IDO milestone, ERA token and GOT token will be officially registered on exchanges.

    The first version of Era7 will be introduced in February 2022 to our players and they can join the play-to-earn game to play and earn. From here on, we are also planning for the development of an esport ecosystem, construction of a GameFi platform and building a series of IP for Era7 and other metaverse products. Players are welcome to check out the details on our official website or from the roadmap in our White Paper.

    For more updates on Era7: Game of Truth, please check out its official Website, follow the project on Twitter and join the conversation on Telegram or Discord.

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  • Metaverse DeFi Protocol Rikkei Finance Lists on Huobi and PancakeSwap Following Dual IDO and IEO

    Metaverse DeFi Protocol Rikkei Finance Lists on Huobi and PancakeSwap Following Dual IDO and IEO

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    Further to a recent announcement, Rikkei Finance launched its dual IDO and IEO for its native governance token today, quickly selling out. Currently, Rikkei’s native token, $RIFI, is live trading on both Huobi and PancakeSwap.

    Rikkei Finance is a metaverse DeFi protocol, built on Binance Smart Chain, that enables safe and secure open lending offering cross-chain support, NFT collateralization, and peer-to-peer insurance cover. The long-awaited IDO started alongside Rikkei Finance’s IEO, having previously been postponed since August.

    It follows a successful $5.6 million fundraising round with investors including Signum Capital, X21 Digital, and Kyber Network, as well as the $RU token NFT project IDO for its RiFi United play-to-earn soccer manager simulator.

    $RIFI IDO on RedKite Launchpad

    RedKite is a cutting-edge launchpad powered by PolkaFoundry as part of the growing $PKF ecosystem. Projects are chosen carefully through a vetting procedure that analyzes the team and implementation capabilities.

    Pool Details

    • Token ticker: $RIFI
    • Token type: BEP20
    • Price per token: $0.10
    • Vesting schedule: 20% released at launch, three months cliff, then unlock 20% quarterly
    • Network for IDO: BSC
    • Accepted currency for IDO: BUSD

    Participants were able to register between December 3-6, with the IDO pool launching today, December 7. Phase 1 buying (guaranteed allocation) ran from 11:00 AM UTC to 12:00 PM UTC. Phase 2 (first come, first served) ran from 12:00 PM UTC to 12:15 PM UTC, and the community pool from 12:15 PM UTC to 12:30 PM UTC.

    As previously mentioned, $RIFI is not live trading.

    $RIFI IEO on Huobi Primelist

    Regarded as a leading global digital asset exchange dedicated to providing secure and reliable digital asset trading, Huobi is listing $RIFI today on its brand new token listing platform, Primelist. The sale period runs from 10:00 AM UTC to 12:20 PM UTC, with trading time beginning at 1:00 PM UTC. Participants were offered two methods for registering for the sale: Queue or HT Holding.

    Queue

    To register via Queue, participants had to sign up on Huobi Global and complete the advanced verification process before 10:00 AM UTC on December 7, holding at least 50 USDT in their exchange account.

    From 10:00 AM UTC to 11:00 AM UTC, eligible users register to participate in the event, with 5,000 lucky users randomly selected to qualify for the purchase and allocation of 50 USDT worth of $RIFI each.

    HT Holding

    To register via HT Holding, participants also had to sign up on Huobi Global and complete the advanced verification process before 10:00 AM UTC on December 7, having had 3-day minimum average holdings of 300 HT between December 3-6.

    From 10:00 AM UTC to 11:00 AM UTC, eligible users register to participate in the event with the system automatically executing purchase orders for the maximum amount of USDT they could use for the order placement, allocating new tokens for each participant on a pro-rata basis.

    Interested parties can now purchase $RIFI tokens on Huobi or PancakeSwap.

     

     

     

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  • Introducing White Whale’s IDO: THE BOOTSWAP

    Introducing White Whale’s IDO: THE BOOTSWAP

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    Over the last few months, there have been several token launches on Terra. What has been noted, is that there have been two major challenges that continue to occur. First, the initial liquidity pools are just not deep enough. This causes an outrageous manufactured initial price pump, making all the insiders feel really good, but is quite unfortunate for the retail buyer as they are not part of that initial purchase. The second issue is that as soon as the token goes live, all the liquidity at the initial list price is sniped by bots in the first seconds, again forcing the retail buyer to buy in at higher levels.

    White Whale has designed an initial token launch model that addresses both of these issues while at the same time bootstrapping our own protocol owned liquidity efforts… it is called “THE BOOTSWAP”

    So what is a BOOTSWAP?

    Here’s how it works, White Whale is utilizing the latest, freshly audited, open-sourced LBP code graciously provided to the community by the Astroport team. An LBP, or Liquidity Bootstrapping Pool, is a mechanism for launching tokens originally utilized by Balancer that is designed to defer bot activity by starting the token price high and allowing it to float down to price discovery over a pre-set period of time, say 72 hours. LBP’s are also utilized as fundraising tools as the team provides the initial liquidity at a disproportionate ratio, say (98/2 token/stablecoin) and as the tokens are sold the ratio eventually balances out to whatever target ratio is set by the team in the parameters (i.e. 20/80 token/stablecoin), allowing them to claim the stablecoins and so raise capital from the difference.

    This is how it generally works, however at White Whale they are taking a slightly different approach. The team from White Whale has been signaling their intention to pursue Protocol Owned Liquidity for some time now, with that said, unlike most other LBP events, White Whale’s BOOTSWAP event will not be a token sale or fundraiser in any way. Absolutely none of the profits from the event will go to the White Whale team or incubating entities. The team funds will be deposited into the LBP pool (along with WHALE tokens) initially, and at the end of the LBP event, when the liquidity pool balances at our predetermined ratio of 50/50 UST/WHALE, same as your standard LP token… all of that liquidity will migrate straight to TerraSwap and will serve as the perpetual trading liquidity for the UST/WHALE pair. All of the corresponding LP tokens will be deposited into the White Whale War Chest and be owned by the protocol.

    So what does this mean?

    1. From its inception, White Whale should own the lion’s share of its own liquidity. That’s right… POL right from the start, and
    2. It means that because this is not a sale or raise and all of the funds are going straight into the community-owned treasury, there will be no KYC requirements or trading restrictions for this event!

    Questions that are commonly asked are: how does this benefit the regular retail buyer if the price already starts high? What if it stays high and never comes down? White Whale has thought this through and developed a solution for this scenario. Their goal is to distribute WHALE tokens at fair and honest levels to retail buyers. In order to do so, rather than being another project who under-fills the initial pools to manufacture a pump, the plan is to overshoot demand with our initial pool size. They will be depositing 100 million WHALE tokens into the LBP to start. Their reason for this is arguably refreshing – “Because F#&% The Bots, that’s why. They believe this will give everyone who wants to buy liquid WHALE tokens on the first days of trading an opportunity to do so at good levels without all the juicy initial liquidity being stolen by the bots. The starting price will be $1.00, so if bots want to snipe, that’s the price they will be sniping at. It will then float down to price discovery over a period of 72 hours, or until the target ratio is met

     

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