FlowX Token Launch Announcement

Dear Valued FlowX Community,

It’s been almost a year since we first introduced FlowX Finance (in Dec 2022). Over the past year, we have achieved many milestones together, and I believe FlowX Finance has become an essential element in the Sui Network ecosystem for liquidity providers, traders, and new project launches. In addition to the impressive progress that FlowX generates, we have all observed the optimistic attitude in the crypto market during this period, with BTC experiencing a 27% surge in October 2023 and the substantial increase in terms of TVL in the Sui network. With all of this, today we are truly excited to announce that the long wait is finally over, and we will be conducting the pre-sale and public sale of our token, FLX, this month in Nov 2023.

In this article, you will discover all the essential details regarding token allocation, distributing plan and launch information.

Time

• Nov 13–17: Announcement of Launch Partners
• Nov 23–27: Pre-sale conducted on Partners’ Launchpads
• Nov 27: Pre-sale conducted on FlowX Launchpad (24 hours)
• Nov 28–29: Public-sale conducted on FlowX Launchpad (48 hours)
• Nov 29–30: TGE

Token Allocation and Distribution

FLX & xFLX tokens

FlowX has the capability to fully expand using duo-tokens FLX and xFLX:

• Total supply (FLX + xFLX): 10,000,000
• FLX serves as the native token of FlowX, used for enhancing liquidity and marketing purposes.
• xFLX is utilized for various utilities like Boost Yield, Dividend, Governance, etc.
• FLX and xFLX can be converted back and forth:
• FLX can be instantly convert to xFLX at a ratio of 1:1
• The conversion ratio from xFLX to FLX is determined based on the vesting duration. A longer vesting duration (up to 90 days) will result in a higher conversion ratio (up to 1:1). Any excess FLX tokens will be burned, creating a deflationary mechanism for the FLX token.

Token allocation

• 4.5% for GenesisX farming (0% at TGE. 12 weeks linear vesting. 50% in FLX — 50% in xFLX).
• 0.2% for Airdrop (01 week cliff, 100% in FLX).
• 8% for Pre-sale (100% atTGE. 35% in FLX — 65% in xFLX).
• 11% for Public sale (100% at TGE 50% in FLX — 50% in xFLX).
• 3.3% for Initiating liquidity (100% at TGE).
• 8.02% for CEX listing (0% at TGE. DAO will vote on minting amount. Max mintable = 802,000 FLX).
• 27.9% for Incentive Reward (01 month cliff. Then start emitting in 36 months for liquidity providers. 50% in FLX — 50% in xFLX).
• 10.8% for Core Contributor (06 months cliffs. 30 months linear vesting. 50% FLX — 50% xFLX).
• 14.04% for Partnership (06 months cliff. 30 months linear vesting. 100% in FLX).
• 12.24% for DAO Treasury (03 months cliff. 36 months linear vesting. 100% in FLX).

Pre-sale Round

Pre-sale will be conducted on the FLowX Launchpad as well as 2–3 other Launch Partners. The reason for this approach is to maximize the marketing impact for both the pre-sale and public sale rounds. FlowX is confident in hosting a portion of the pre-sale on our own platform on Sui Network, while also conducting the remaining pre-sale on other partners’ launchpads. This presents a great opportunity for us to onboard new users who are not yet familiar with Sui ecosystem.

In the pre-sale rounds, users have the opportunity to purchase tokens at a fixed price of $0.35. During the TGE, they will be able to claim 100% of the tokens, with 35% in FLX and 65% in xFLX.

Then, all of those launchpads will begin their pre-sale period from November 20–27, 2023. The FlowX launchpad will join the last in with its own pre-sale round on November 27.

We are entering the final stage with those launchpads. All the details regarding the names of launchpads, allocation, and timeline will be disclosed one by one next week. Stay tuned for that.

Regarding the pre-sale round on FlowX, all users who have minted a Genesis Pass, Loyalty Pass, or Testnet Pass on FlowX will be eligible to enter this round. If you haven’t been whitelisted yet, don’t worry, as there will be more chances to be included in FlowX’s upcoming whitelist giveaway events. Please stay connected with FlowX’s social channels to make sure you don’t miss out on your last opportunity to secure a whitelist slot.

Public Sale Round

The public sale is scheduled to take place on Nov 28 and will last for 48 hours on the FlowX launchpad. During this round, the allocation will be set at 8% of the total supply. FlowX will follow a fair launch model, allowing everyone to participate. The price will start from $0.5 and gradually increase up to $1. At the time of the TGE, public buyers will be able to claim 100% of the tokens they purchased, with 50% in FLX and 50% in xFLX tokens.

Price discovery is a commonly used launch model for new projects. It enables the evaluation of the fair price between the token supply during a public sale and the demand from buyers participating in this round. It also provides individuals with a last chance to acquire token FLX and xFLX within a specific price range, right before the tokens are listed on the open market, where prices can vary significantly. Any tokens that remain unsold during this phase will be burned.

After completing this public sale round, the team will need a few hours to set up the TGE. 33% of the funds raised from the public round will be converted to SUI, which will then be paired with 3.3% of FLX’s total supply. Afterward, all presale and public buyers will be able to claim and exchange FLX tokens on the FlowX exchange as usual.

The website to convert FLX ↔ xFLX will be available immediately after the TGE.

Conclusion

The token launch is a major and highly anticipated milestone for a protocol like FlowX. It represents the culmination of extensive dedication and hard work from not only our team, but also our valued and supportive community members. We have tirelessly collaborated and iterated to ensure that this day has finally arrived. With the introduction of our duo-token FLX — xFLX, we are filled with excitement and optimism for the future of FlowX. We firmly believe that this launch will propel FlowX into its next phase of growth and development, bringing forth even greater advantages and benefits to the project and its passionate user base. In the long term, we envision FlowX becoming a transformative force in the industry, revolutionizing how transactions and interactions occur within the ecosystem.

Join FlowX Finance’s community today:

Website: https://flowx.finance/

Discord: https://bit.ly/flowx-discord

Twitter: https://twitter.com/FlowX_finance

Telegram: https://t.me/flowx_finance