Dark Knight IUO Recap
Total Raise 1596% With Initial Cap of 300k
Let’s cover everything that happened with the launch of DARK KNIGHT
We raised 1596% over the cap of the 300k raise
Tokenomics
How many tokens initially minted- 5,000,000 (keep in mind we are a DEX token and supply will change based on situation)
How many tokens for presale- 1,200,000 DKNIGHT for sale at .25
Total $ amount- $300,000
How many tokens for private sale- 200,000 at .25.
Total $ amount -$50,000
$45,000 went to buying back $UNDEAD which happened on multiple platforms to mitigate arbitrage
How many tokens for initial LP- 1,200,000
How many tokens for treasury & ecosystem- the rest, math is too hard
Presale overflow process how much everyone got for their allocation
Take 100/overflow
So 100/1596.26 = 6.26%
.0626 * your dollar amount
That number / .25 = token count
Private Sale Air Drop
https://ftmscan.com/tx/0xa450e8612d01520de21519c5a0f62a9a5dd413ab824810cf8218686c2a905c5c
The private sale was for anyone who was able to get into the UNDEAD OG Summoner Mint.
There were 30 wallets that were able to participate. The max allocation was 3,000 = 12,000 tokens. The price of the private sale was the same as presale & the entire private sale allocation was $50,000
The Trouble
Here is the problem that happened with our launch and is actually very common in the presale world.
Someone(s) decided to add LP to the project. This messes up the ratio that should be set to have the initial price start off at .25
Small amounts of liquidity can make the price change very rapidly and this is dangerous for investors as at one point 1 Dark Knight was trading for $6
Great thing we have a wizard dev who was able to normalize price started at .5 for trading and solve any of these issues which normally would have less adept devs needing to relaunch their token.
This is the chart & price currently
We are working on getting registered as a DEX so charts in the mean time may have difficulty populating keep that in mind.
10 million TVL In less than 12 hours
You all are so amazing. This is a crazy amount of TVL moved & gets us closer to the next milestone. The FTM foundation updated their grant program incentives so more TVL is needed.
https://fantom.foundation/blog/fantom-incentive-program-how-to-apply/
We are now the top 5 DEX on FTM
Useful Links
Discord- https://discord.gg/Uv3ctBySaX
DK Website- https://dark.knightswap.financial/
