True Fair Launch
Our new fair launch system returns more value to Liquidity Generation Event contributors than they put in.
On Tuesday November 10th at 7pm EST, the 7-day liquidity generation event will start. Asking people to lock funds to help bootstrap a system needs to be properly rewarded. With our method, we are able to return 2.5x value back to users for every ETH they contribute, with funds left over to send to the vault.
For each 1 ETH contributed, you will receive the following:
- ROOT/ETH LP token: 2 ETH value
- ROOT/wBTC LP token: 0.25 ETH value
- ROOT token: 0.25 ETH value
Having access to the ETH below the price floor gives us a ton of options that were never possible before, like creating 2 different pairs with the full amount of liquidity in each or adding a group purchase at the end of the event. We could even multiply our liquidity and raise the starting price.
Second Pool
Our first extra use of the ETH will be to create a ROOT/wBTC pool. Twenty-five percent (25%) of the funds received will be split between buying ROOT and buying wBTC. We will use these funds to create a pool and distribute the LP tokens along with the main pools tokens.
Instant group buy
Before trading is unlocked 25% of the funds will be used to market-buy ROOT. Everyone who joins the LGE gets an equal purchase at the opening price. Projects with a lot of hype tend to get targeted by bots that purchase before normal users have a chance to, this method fixes that problem.
All supply starts in pool
After the LGE, all the funds received will be paired with the full supply of 10,000 ROOT to create the first Uniswap pool. There is no presale, and the team does not get any of the initial ROOT supply.
Lowest possible price
The cost of all ROOT and LP tokens purchased in the LGE will be at their lowest possible price ever.
Locked forever
As LP tokens can never be redeemed for the underlying asset, it is completely safe to remove ETH from below the price floor through our proxy token. We are able to remove the value without redeeming the LP tokens, so we can use it over and over and over again.
