In order to bootstrap the liquidity of our native token (CARBO), we have decided to organize a private Initial Coin Offering (ICO) round.
This private round will allow CarboSwap to raise funds from early supporters that are willing to become early investors. In exchange for their trust and investment, they’ll be able to purchase CarboSwap native tokens before anyone else. These tokens will be sold for a fixed price (no funny auction mechanism), an allocation per user is limited and the funds raised will be entierly dedicated to CarboSwap token’s initial liquidity.
Now let’s dive into actual ICO information !
- The ICO will take place on November the 9th at 12:00 P.M UTC and will last for 12 hours (until 12 A.M UTC Nov. 10th) allowing supporters from all around the world to be part of this event.
- For transparency reasons, our ICO smart contract will be shared publicly right before anything starts off.
- 12'928 CARBO tokens will be sold at a rate of 2 CARBO per APT (learn more about our tokenomics) therefore we are aiming to raise a total of 6'464 APT (that’s hardcap). Tokens will automatically be sent to your wallet once you’ve purchased them, no claiming period.
- Turtlelist participants have an allocation of 424.2 CARBO therefore they can purchase up to 212.2 APT worth of tokens.
Carbolist participants have an allocation of 202 CARBO therefore they can purchase up to 101 APT worth of tokens. - All of the tokens purchased during the ICO are vested for a week (7 days) once CARBO goes public (13th of November) in order to fight against big selling pressure at public launch however ICO participants remain liquid thanks to our innovative presale mechanism (learn more here) that allows them to hedge themselves through our DApp.
Once CarboSwap’s ICO ends, unsold tokens will automatically be burned. This event will reduce the initial liquidity pool token supply and increase CarboSwap token’s upside volatility.
And that’s it, our next article will be about CarboSwap’s incentivized testnet (November the 11th), until then, you can follow us on Twitter or go to our official website to learn more about us.
