Introducing the $LEND Public Liquidity Event
Join the first token liquidity event on Mantle Network.
With this announcement, we stand at a pivotal juncture in the world of digital assets on Mantle Network. It is with great anticipation and enthusiasm that we unveil the $LEND public liquidity event — a testament to our commitment to bring innovation to the world of lending and borrowing in DeFi.
In an environment often characterized by volatility and disparity, our approach is resolute: to establish an arena of equity, accessibility, and clarity. The $LEND public liquidity event represents a calculated step toward redefining the norms of token procurement.
Thus, we are thrilled to unveil an exciting opportunity for you to become a part of our project. The $LEND public liquidity event is on the horizon, and we’re taking a unique approach to ensure fairness and transparency for all participants.
Event Details:
- Where: launchpad.lendle.xyz
- When: Starting at 10:00 AM UTC on Thursday 31/08
- Duration: 24 hours
- Price: $0.1 per token until we reach $300,000 raised, after which the reverse dutch auction-style formula takes over for price discovery, until the $500,000 raised hardcap.
- Liquidity Event Supply: 3 million $LEND tokens
- Vesting: None; all tokens become available immediately after event
The Reverse-Dutch Auction Model: A New Model for Fair Token Distribution
Our innovative model is designed to level the playing field and provide everyone an equal opportunity to acquire tokens without the usual price volatility concerns associated with token listings. Our primary goal with this model is to ensure that each participant has an equal chance to secure tokens before they hit the open market.
Transparent Price Determination
So, how is the token price determined? Let’s break it down:
- The fair launch auction kicks off with a set Fully Diluted Valuation (FDV).
- Tokens are initially priced at a minimum of $0.1 per $LEND token.
- Once the auction raises a predefined amount of $300,000, the intriguing phase of price discovery begins.
Price Discovery: The Heart of Reverse Dutch Auctions
During the price discovery phase, the price of each token continuously adjusts with every purchase made. This groundbreaking mechanism ensures that the price remains equitable, reflecting the evolving market demand. The formula is elegantly simple:
Price = Total Amount Raised / Liquidity Event Circulating Supply
It’s worth noting that every participant in the liquidity event, including whitelisted addresses, will be awarded tokens at the same final price. This price is based on the concluding valuation of the auction, guaranteeing a level playing field for all.
Join Us on this Journey
We invite you to be a part of this revolutionary token liquidity event. By embracing the reverse dutch auction model, we’re setting new standards for inclusivity and transparency in the crypto space. Don’t miss your chance to participate in the $LEND liquidity event!
Mark Your Calendars:
The event starts at 10:00 AM UTC on Thursday 31/08 and runs for 24 hours. Visit launchpad.lendle.xyz to get started.
Thank you for your attention, and we look forward to embarking on this groundbreaking endeavor together.
Sincerely,
the Lendle team.
