Vesta Treasury Bootstrapping Event Detail
The wait is finally over. Today we are sharing with you the details of Vesta’s Treasury Bootstrapping Event. The event will start some time in the next two days, distributing 8% of all the $VSTA governance token via a liquidity bootstrapping pool (LBP) on Prime Launch over the course of three days.
The pool will be initialized with 8m $VSTA and 1m USDC, with starting weight set at 96/4 and ending weight set at 50/50. $VSTA price will start at $3, and as the pool weight shifts over the course of three days, the price of $VSTA is expected to drop if there’s no buying and selling activity. Starting at a high price discourages bots from sniping the pool, ensuring a fairer token distribution. Please only buy in at a price that you are comfortable with.
Vesta will be using Balancer Protocol v2.0’s liquidity bootstrapping pool (LBP) to conduct the sale. Users will be able to participate through both Prime Liquid Launch and Copper Launch.
$VSTA LBP Details
- Network: Arbitrum
- Project Token: $VSTA
- Buying Token: USDC
- Starting Number of Tokens: 8m VSTA, 1m USDC
- Starting Weight: 96/4; Ending weight: 50/50
- Estimated Starting Price: $3.00
- Trading Fees: 1%
- Duration: 3 days/72 hours
How to participate?
We hope that you find this information helpful. For any further inquiries, please make sure to join our Discord community in the link below and ask questions there.
You are not claiming or receiving any governance tokens for a speculative purpose and do not have any intent of acquiring $VSTA tokens as an investment or with the aim of making a profit and will have no expectation of profit from governance participation or from acquisition of governance tokens. You understand that $VSTA tokens have no intrinsic value and are solely tools of governance, and as such have no intrinsic potential for future appreciation in any form whatsoever. You further represent and warrant that you are an active user of blockchain technology and blockchain-based software systems. If you intend to acquire or have acquired any preexisting rights to any governance tokens pursuant to the announcement or resultant of a prior bootstrapping event, you are or have done so only to participate in the Vesta governance experiment and to participate in Vesta governance-related decisions;
The information provided within this article is for general informational purposes only pertaining to the governance tool, VSTA and is not a formal offer to sell or a solicitation of an offer to buy any securities. Information contained in this article should not be relied upon as advice to buy or sell or hold any such securities or as an offer to sell such securities.
You understand that the Vesta Finance governance structure is an experiment in the field of decentralization and community governed structures, in which participation via the VSTA token and otherwise is entirely at your own risk;
Information contained in this announcement should not be relied upon as advice to buy or sell or hold the aforementioned governance tokens and particular note should be made as referenced prior to the solely governance based nature of the $VSTA token and their lack of intrinsic ownership or economic value. This announcement does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Vesta Finance and its associated parties as appropriate make no representation or warranties, expressed or implied, as to the accuracy of such information and Vesta Finance expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Vesta Finance reserves the right to amend or replace the information contained herein, in part or in entirety, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this announcement supersedes any prior representation, post or conversation whether informal or formal, concerning the same, similar or related information.
You make active representations that participating in the Vesta bootstrapping event is not prohibited under the laws of your jurisdiction or under the laws of any other jurisdiction to which you may be subject and you are and will continue to be in full compliance with applicable laws (including, but not limited to, in compliance with any tax or disclosure obligations to which you may be subject in any applicable jurisdiction) and you understand that certain jurisdictions have been prohibited from participating in the aforementioned.