Instructions On How to Participate in AAG Token Launch Auction on Copper Launch Platform (IDO)
We are a week away from the $AAG Token Launch Auction (TLA) on Copper Launch platform, scheduled to launch on December 12, 2021. In this article, we will detail all the information you need to know to participate in TLA and acquire your portion of AAG tokens.
Token Launch Auction (TLA) Details
- Token Symbol: AAG
- Start Time: 12 December, 12:00pm NOON UTC
- End Time: 15 December, 12:00pm NOON UTC
- Sale Duration: 3 days (72 hours)
- Starting weights: AAG 99%: USDC 1% (Explanation on the weight change below)
- Starting Price: $4.14
- Floor Price: $0.043
- Platform: copperlaunch.com
- Direct Link to AAG Auction: https://copperlaunch.com/auctions/0x656201f721012dda23ab7544021d79ca28b756d9
Notes: You may see a discrepancy between the number of tokens for the IDO in the litepaper vs what you see on Copper Launch (27.5m vs 55m). This is due to how the auction works. Since we set the end weights to 50:50, the total amount sold will be around 50% of total AAG tokens. This means roughly 27.5m tokens (give or take a small number) will be sold during the 72-hour window.
Auction Time in Various Timezones
How to participate in the AAG TLA?
To participate in the AAG TLA, you will need an ERC20 network supported wallet such as:
- MetaMask
- WalletConnect
- Gnosis Safe
- Ledger
To acquire AAG token you will also need funds in your wallet as follows:
- USDC/ETH/DAI (to purchase the AAG token)
- ETH (to pay for transaction or GAS fee)
What is the process for acquiring AAG tokens?
AAG Token Launch Auction will be held on Copper Launch due to the intuitive platform’s design and ease to acquire tokens during the auction. Please see the quick tutorial here. Alternatively, you can follow the below step-by-step guide on how to complete the AAG token acquisition:
- Visit the https://copperlaunch.com website
- Connect your wallet on the Copper platform
- Select AAG auction
- Buy AAG token
The Balancer Liquidity Bootstrapping Pool (BLBP)
Following our vision to democratize the Play-To-Earn world, we choose partners who are perfectly aligned to support our journey. Fair and accessible-to-all Token Launch Auction is our primary focus and Balancer Liquidity Bootstrapping Pool (BLBP) will help us achieve exactly that. The BLBP will allow for funds to be raised in a fair way removing some of the long-term issues in ICOs such as individual caps, bots, and whitelisting.
Changing Auction Weights to Ensuring Accessibility to Retail Buyers
Initially, our plan was to start with weights of 96% AAG and 4% USDC for the Copper Launch auction. We have observed in recent auctions, however, that such a configuration leads to lower initial prices. Having lower initial prices increases the chances that bots and whales will buy large quantities at the outset of the auction, leading to higher prices for retail buyers.
Since we want retail buyers a fair chance at lower prices, we will take an approach that discourages bots and whales from buying large quantities early on. Our approach will be to configure the Copper Launch auction weights at 99% AAG and 1% USDC. This will lead to a higher initial price, which will discourage bots and whales from snatching large quantities. The Copper Launch platform will then gradually lower the price to a point that is supported by public demand and a price floor will be “discovered.” By deterring bots and whales from driving up the price, we believe that this approach will put retail buyers on a more even playing field.
TLA Pricing Mechanism
When an individual completes a purchase, the transaction will cause the AAG token’s price to increase. In contrast, when no purchases are initiated, prices will gradually decrease with the weight increasing.
Starting at $4.14, the price of AAG tokens will gradually decrease when no purchases occur. However, if at one point, for instance, at $3, there are large orders that have been successfully transacted, the price of the AAG token may also increase quickly. That means the price could also go above $4.14 and advance even higher if there are investors continuously buying.
In conclusion, an individual can freely purchase AAG tokens at any price they see fit, and that is the price they get. Eventually, the price will settle at a price the market as a whole finds most suitable.
About AAG Ventures
AAG Ventures is the creator of AAG (Achip & Achair Guild), one of the fastest-growing gaming guilds in the Play-To-Earn blockchain game industry — with more than 2,000 scholars participating in seven countries including the Philippines, Indonesia, Brazil, Argentina, India, Nigeria, and Russia. AAG Venture’s mission is to create economic freedom through the metaverse economy.
Our mission is to Create Economic Freedom Worldwide through the Metaverse.
Our goal is to Onboard 100M People Onto the Metaverse by 2030.
AAG Ventures has three commercial components. The first component is a Play-To-Earn (P2E) Guild that enables players (a.k.a. scholars) to earn crypto while playing blockchain games. The second component is a P2E platform that helps other guilds engage players at scale and serves as the “backbone” for P2E ecosystem participants (e.g., guilds, players, NFT owners, and game developers). The last component is a Learn-To-Earn platform that will enable future learn-to-earn applications, which allow players to earn crypto while learning transferable skills (e.g., math or programming) through educational games or learning platforms.
