THE $ALTD PUBLIC SALE IS JUST ONE DAY AWAY! This is how you buy $ALTD.
The public sale of our native token, $ALTD, will take place on the renowned Fjord Foundry platform. As an expert in Liquidity Bootstrapping Pools, we will be partnering with Fjord to launch $ALTD utilizing the most fair and market driven mechanic known to Web3.
To make sure you are able to fully prepare for the Altitude LBP please find below some details and instructions on how to use Fjord Foundry’s platform.
- Start Date: August 23nd, 12PM UTC
- End Date: August 26th, 12PM UTC
- Sale Duration: 72 hours
- Starting price: $.60
- Ending price: .0145
- Initial ALTD pooled: 5,000,000
- Initial USDC pooled: 30,512
- Starting weights will be: ALTD 99% : USDC 1%
- End weights will be: ALTD 70% : USDC 30%
- Ethereum Network
Link to the Altitude LBP on Fjord Foundry can be found: HERE
We have also decided to reduce the public sale amount available to the public, from 7,000,000 to 5,000,000. This will be repatriated back to the community.
How to Participate in the LBP?
To prepare yourselves, there are a few steps that you need to have done before the LBP kicks off.
Step 1 — Set up wallet
To participate you will need to hold a funding token. This is the token that will be used to buy into the token that’s being launched through the LBP. For our LBP you will need to hold USDC in Metamask. There will be no other wallets supported so please ensure you set this up prior to participation.
Step 2 — Fund wallet
Once you have installed the Metamask you will need to send USDC to your Metamask wallet. You can send this from a centralized exchange you purchased this from or transfer it from another decentralized wallet. We will be launching $ALTD on Ethereum so ensure you are transferring your USDC on ERC-20.
Step 3 — Connect to Fjord
Now you have your funding tokens in your wallet, you can visit Fjord and connect your wallet. Click the “Connect Wallet” button in the top right hand of the screen and choose your wallet.
Your wallet will show it is connected once the “Connect Wallet” button in the previous section shows part of your Ethereum address.
Step 4 — Buy into the LBP
Once you have selected the Altitude LBP, you will see the following screen. The contents of the screen may vary depending if the LBP is yet to start, in progress or concluded.
Buying strategy
The features that make Fjord Foundry unique are that the distribution is typically more equitable, open and transparent. This is due to the price decay model, where the price of the token moves from a high market cap, to a low market cap depending on the weights set up by the LBP creator. This is done to prevent bots, frontrunners, and whales from scooping up all the supply that happens on other platforms.
It is important to understand this concept and to be wary at the beginning of the LBP.
PRICE DISCOVERY AT THE OPENING OF THE LBP
We have set a higher price at the start of the LBP to prevent sniper bots. If there are no new buyers at the higher early prices, the price reduces over time to a more realistic market cap/price.
During the course of the LBP you may step in once the price reaches a point that feels realistic to you and remember that prices can be volatile.
Prior to the purchase, you may need to approve the tokens via your Metamask. This can be done by clicking the “Approve Usage” button. Please keep in mind that there is a fee associated with this which can vary depending on the price of Ethereum gas at the time. We strongly recommend using the Metamask recommended fee to complete your transactions.
Please note that neither Fjord Foundry nor Altitude earn anything from the fees charged by the Ethereum network and that we can’t control the cost of these fees.
Once the tokens have been approved you can purchase $ALTD. Purchase of $ALTD will incur yet another transaction fee on the Ethereum network.
Step 5 — You are an $ALTD holder
Once this swap is done you will have your tokens and you can sit back and enjoy the view.. or get back in for more.
For a more detailed and thorough explanation, please head over to Fjord.
Altitude is a composable, Blue-chip asset bridge, and one of the first dApp’s built on LayerZero, a cross-chain communication infrastructure designed to ease the current constraints of omnichain activity. DeFi users can transfer assets via Altitude with Secured Guaranteed Finality, leveraging enhanced security features, inexpensive bridging fees, and lightning fast transactions.
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