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Fantom, the first BLO (Beamswap liquidity offering)

Beamswap is bringing Fantom ($FTM) to Moonbeam and adding the first batch of liquidity to the Beamswap DeFi hub.

📆 The Fantom BLO will take place on February 10, 2022, at 8:00 PM UTC.

Why should you participate in Fantom BLO?

In the BLO, you will be able to bridge $FTM tokens from Fantom and boost $FTM liquidity on the Moonbeam Network. By staking the $FTM tokens, you’ll have access to $GLINT at a 20% discount.

Once the BLO closes, you’ll be able to reap even more rewards. How? Beamswap will launch a $FTM-$USDC token pool in which you’ll be able to earn high APR returns.

Fantom BLO details

⏳ Bridge for the $FTM will open at least 24 hours before the BLO, that’s when you can start bridging $FTM tokens over to Beamswap.

🚀 When the BLO begins, you can start committing the $FTM tokens. You only have 24 hours to do so.

🔀 The ratio between the $FTM and $GLINT will be determined 1 hour before the BLO.

🟣 Raised: 100,000 USD worth of $FTM
🟣 Beamswap-Fantom Bridge Launch: February 9, 8:00 PM UTC
🟣 BLO Launch: February 10, 8:00 PM UTC
🟣 BLO End: February 11, 8:00 PM UTC
🟣 BLO Duration: 24 hours
🟣 $FTM-$USDC Pool Launch: February 11, 9:00 PM UTC

❗️ The total amount raised in the Fantom BLO will be used to buy and burn $GLINT tokens.

How to participate and claim tokens?

Here are a few things you should know before participating in the Fantom BLO.

💰 Get your wallet BLO-ready

  • You need to hold a minimum of 8,000 $SHARE tokens in your wallet or have at least 200 LP tokens deposited in the $GLINT-$GLMR farm.
  • Have $FTM at your disposal. You can bridge $FTM from Fantom to Moonbeam here 👉
  • Visit, click Approve and then Buy.

🔓 Claim $GLINT at half the price

In the Fantom BLO, you can commit $FTM to buy $GLINT at a lower price. If you got $GLINT tokens at a 20% discount, you can claim 50% of your discounted $GLINTs once the BLO ends and the other 50% after 30 days.

What is Fantom and $FTM token?

Fantom is a high-performance, scalable, and secure platform for smart contracts, created to overcome the limitations of previous-generation blockchain platforms.

It tackles the issue of performance and scalability of other blockchain networks. Its high-speed consensus mechanism allows digital assets to operate at high speed and improves the current systems.

$FTM is the primary token on the Fantom network and is used for securing the network through staking, for governance, payments, and fees.

What is BLO?

Beamswap BLO comes from the Initial Liquidity Offering (ILO) and enables liquidity and capital from other networks to easily flow and accumulate on the Moonbeam Network.

With BLO, Beamswap tackles the issue of liquidity for assets that are bridged to the Moonbeam Network and for projects that seek to bridge their liquidity to Moonbeam.

BLO ensures higher asset liquidity which means better pricing of assets on the market, and for you, as an end-user, better prices of bridged tokens.

Liquidity distribution models

There are various ways of supplying liquidity on Beamswap, as described below.

The $GLINT tokens will be distributed based on market interest and the allocation of bridged tokens, which will be determined before the BLO.

Let’s illustrate the models using the following variables:

  • 1 $GLINT = 0.1 $FTM
  • BLO allocation: 1,000 $GLINT

👉 Model #1–1:1 allocation

The complete allocation of 1,000 $GLINT is distributed among all participants that cumulatively invest 100 $FTM (0.1 $FTM x 1,000 $GLINT).

Let’s say you invest 10 $FTM, which is 10% of the complete allocation, so you get 100 $GLINT.

With the proportional distribution at a 1:1 ratio of $FTM and $GLINT allocations, all $FTM tokens are converted into the proportionately equal amount of $GLINT, meaning there is no surplus and no refund needs to be issued.

👉 Model #2 — Over-allocation

Now, let’s assume a BLO brings in more $FTM tokens compared to the fixed amount of 1,000 $GLINT.

You invest the same as before, 10 $FTM, but this time, the complete allocation is 200 $FTM, so your share is 5% and gets you 50 $GLINT.

Since there are more $FTM than $GLINT, the remaining and unused $FTM are refunded to participants, including you, based on their share.

👉 Model #3 — Under-allocation

Lastly, let’s say that the influx of bridged $FTM tokens is much lower compared to the fixed $GLINT amount.

Again, you invest the same amount, 10 $FTM, but the cumulative allocation amount is only 50 $FTM.

Your share represents 20% of the allocation, so you get 200 $GLINT. As there was no surplus of $FTM, all $FTM tokens are used, and there is no need for a refund.

Boosting liquidity on Moonbeam

Beamswap BLOs aim to solve liquidity issues of bridged assets on the Moonbeam Network. This means more traffic, better buying conditions, and ultimately better price for everyone.

Join us and benefit from next-level liquidity on Moonbeam through Beamswap.

👇 Follow us on social media and learn about updates as they happen. 👇

About Beamswap

Beamswap is a DeFi hub built on the Moonbeam Network featuring a decentralized exchange (DEX) and an automated market maker (AMM). It gives users the freedom of adding liquidity, performing peer-to-peer transactions, swapping fungible tokens, and earning passive income from staking and yield farming. Beamswap will support the growth of Moonbeam’s ecosystem and act as a launchpad for new projects developing on the network. Our team’s mission is to aid in the multichain vision to serve as a host for projects on the Moonbeam & Polkadot Ecosystem while working alongside projects with existing infrastructure looking to bridge into the multichain universe.

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