$BREED Public Sale — Token Launch Auction (TLA) on Copper

6 min readApr 10, 2022

BreederDAO is excited to announce the official launch of $BREED, the token that powers the BreederDAO Factory and allows entry and membership into the DAO!

Participate Here: https://copperlaunch.com/pools/0x112254b3BB8aaBfE475497f2ff5Be9fFBBc684d1
Stake Here: https://breederdao.vault.inc

As a community-focused project committed to the ethos and founding principles of the blockchain space, we are pleased to announce the launch of BreederDAO’s native token: BREED. The Token Launch Auction (TLA) will be open to all interested and qualifying parties. Launching our token also marks a major milestone for the BreederDAO ecosystem, and speaks to the viability of our core technology and business model as we become a critical service provider for platforms in the blockchain gaming space.

In the spirit of equal distribution, fairness, decentralization and a community-first ideology, we are proud to announce that we will be conducting the Token Launch Auction for BREED starting April 26, 2022 2:00pm UTC on Alchemist’s Copper platform. Our mission is to give everyone in our community an opportunity to become a stakeholder in the BreederDAO ecosystem, and we want to extend that opportunity as fairly as possible. It is through conducting a Token Launch Auction on Copper platform’s Liquidity Bootstrapping Pools (LBPs) that we believe this mission is best achieved.

Explaining Copper’s Token Launch Auction and Balancer’s Liquidity Bootstrapping Pools

Copper platform supports the most decentralized, open, and user-friendly method of conducting a Token Launch Auction (TLA). BreederDAO has chosen the Copper platform for our TLA because we believe it provides an avenue for fair distribution and price discovery. Since it is a decentralized and permissionless platform, the auction is free, open, and accessible — there will be no whitelists, gas wars, or individual caps. We are confident that Copper will help us facilitate an equitable and seamless distribution of the BREED token.

Copper is powered by Balancer’s Liquidity Bootstrapping Pool (LBP) that pairs two tokens and automatically adjusts their relative weights over the course of the LBP, enabling high to low price discovery by the community throughout the duration of a token launch. The LBP presents an innovative technique that allows market participants to determine a fair price for the BREED token.

Unlike other liquidity pools where the ratio between a pair of tokens is fixed at 50:50, in Balancer’s LBP model a token pair’s weights are flexible and change over time. The moment the TLA starts on April 26, 2022 2:00 p.m. UTC, the weight of the pool will be set at 96:4 (BREED/USDC). The weight will gradually decrease over the course of the launch period until it reaches a final ratio of 50:50.

Throughout the TLA’s 72-hour duration, interested parties can swap their USDC, DAI, ETH, and WETH for BREED tokens. In the absence of trading activity, BREED’s price will gradually decrease, arriving at the final pool weight ratio of 50:50. Anytime BREED is purchased during the launch, its price will increase. It is through this method that the price of BREED will be dictated and discovered by the market, and by which BREED will be distributed fairly to all interested participants.

Participants will be afforded significant time to watch as a market for BREED develops, and will be able to determine an appropriate entry price. As a result, bot activity and price manipulation will be strongly disincentivized.

By the end of the launch, BREED will have achieved stable price discovery, and will present a more favorable opportunity to prospective liquidity providers, who will no longer have to be concerned about extreme volatility levels. Ultimately, Copper will provide a more balanced price discovery process, optimal token distribution, and sufficient liquidity for BREED.

Note: Due to the nature of the Copper platform and the fact that the pool will end with a weight of 50:50 (BREED/USDC), not all BREED tokens dedicated to the TLA pool will be sold to the public. In line with our promise of distributing 45,000,000 BREED tokens (4.5% of the total supply) to the public, we will be placing 75,000,000 BREED (7.5% of the total supply) into the pool.
Based on our internal models and forecasts, such an allocation will result in the distribution of approximately 4.5% total token supply to the public as promised. Excess, unsold tokens will then be returned to the BreederDAO Ecosystem Development Fund.

The following section outlines information that will help you to easily participate in BreederDAO’s Token Launch Auction.

Token Launch Auction Details

Start date: April 26, 2022 2:00 p.m. UTC
End date: April 29, 2022 2:00 p.m. UTC
Total Duration: 72 hours
Blockchain: Ethereum
Minimum Purchase Amount: None
Tokens Accepted: USDC, DAI, ETH, WETH
Token Pool Allocation: 75,000,000 BREED : 4,687,500 USDC
Starting Weight: BREED 96% : USDC 4%
Final Weight: BREED 50% : USDC 50%
Starting Rate: 1.50 USDC for 1 BREED

To learn more about BREED’s token metrics, tokenomics, and token utility, detailed information is available in the recently released BreederDAO Whitepaper.

Security Matters

The BreederDAO TLA is a major event for both our platform and broader ecosystem, and for that reason we remind our community to take all necessary security precautions. All individuals considering participation in the BreederDAO TLA should join BreederDAO’s official community channels immediately. In addition, all relevant questions and inquiries should be solely and exclusively directed to official BreederDAO team members via our community channels.

No one from the BreederDAO team will EVER message community members directly, nor will they request personal information, wallets addresses, or funds at any time — especially during and leading up to the BreederDAO TLA.

If you are interested in participating in our TLA, please research Copper platform’s LBPs and how they function. If you have any questions, or just intend to stay up to date with BreederDAO’s TLA on Copper, please do not hesitate to reach out to the team through our channels: here on our official blog, as well as our official community channels on Twitter, Discord, and Telegram. We will be releasing a more detailed and thorough How-to-Guide regarding how to participate in the Token Launch Auction for BREED in due time. Stay Tuned!

$BREED Public Sale Info:

BreederDAO Smart Contract Has Successfully Passed Hacken Security Audit

$BREED Tokenomics & Token Utility

Preparing for the $BREED Public Sale on Copper: Checklist and How-To Guide

$BREED Token Staking Announcement

Rewards Await Early $BREED Stakers During the Public Sale

$PLAY (Playcore Token) Airdrop to $BREED Public Launch Participants, Holders, and Stakers

Translated Versions

BreederDAO Links

Regional Telegram/WeChat Groups
Turkish: https://t.me/BreederDAO_TR
Spanish: https://t.me/BreederDAO_ES
Korean: https://t.me/BreederDAO_KR
Vietnamese: https://t.me/BreederDAO_VN
Russian: https://t.me/BreederDAO_CIS
French: https://t.me/BreederDao_FR
Portuguese: https://t.me/BreederDAO_PT
Chinese: Message us on Telegram and ask for the Chinese WeChat QR Code

Legal Disclaimer: This article is for informational purposes only and does not constitute legal, business and/or investment advice. It is not an offer to buy or purchase the BREED tokens for purposes of investment especially in jurisdictions where it is unlawful to enter into transactions involving blockchain-based coins, tokens and other forms of digital assets. Any reference or mention of the Token Launch Action being open or accessible to the “public” should be understood to refer only to qualified individuals and entities under the applicable law. The BREED token is not an investment contract or security and should not be treated as such.

Restricted List of Countries: The launch is not available to residents of Iran, North Korea, Syria, the United States, Russia, Cuba, and Ukraine.