PlutusDeFi — Dolomite/Uniswap Bonding Curve Listing Details
We would like to thank the community for their continued support for the project towards our mission in DeFi. While we have been busy over the past few days, our social media stats have shown an increase of 2000% percent increase in Twitter engagement, 1500 more telegram members, 450K impressions and thousands of DeFi’ers reading out medium articles.
1) Bonding Curve Sale Details
We have opted for an initial bonding curve offering on a dedicated dolomite.io DEX instance, allowing users to purchase tokens freely in a similar style to DMM.
Bonding Curve Date: 21st July 2020 (the specific time will be announced closer to the sale in GMT)
Start Price: USD $0.09 cents per token
End Price: USD $0.22 cents per token
Number of Tokens: 3,000,000 tokens posted in Blocks
The team will not confirm the following information so that the sale is fair and cannot be gamed by rogue elements.
- The total number of tranches
- The exact split in each tranche
Conditions:
- The Bonding Curve sale will take place for a period of 24 hours, however, we anticipate the sale to be finished within a few minutes based on inbound demand since the first part of the private sale.
- The sale will last 24 hours and if there are any unsold tokens, these tokens will be burned permanently.
- Seed Round and Private Round Token Holders will be able to unlock their tokens on the last block of the bonding curve sale, and immediately before the Uniswap Listing takes place. The Uniswap listing will take place immediately after the bonding curve sale. Adequate time will be provided for these rounds to acquire their tokens.
- Seed Round Token Holders will have a unique dashboard to claim their tokens from, using their designated whitelisted address. Note that claiming the tokens from the smart contract will trigger the bridge fee. The unique dashboard link will be emailed to participants 1 week before listing.
- Private sale Tokens are automatically distributed to their contributing addresses.
2) Post Bonding Curve Sale — Uniswap Listing:
As the bonding curve sale is completed, $PLT will be listed on Uniswap V2 to provide liquidity for our token holders ahead of further plans later in the month.
Uniswap V2 starting token price will be USD $0.25c.
PlutusDeFi will provide liquidity towards both PLT/USDC & PLT/wETH.
Official links for the Uniswap Listing will be announced on telegram and via the bonding curve sale platform with a banner link for security. Please do not search Uniswap and attempt to find the listing yourself
The smart contract token address will be posted at a further date.
3) PlutusDeFi exclusive centralised exchange partner
At a further date, PLT will be listed with one exchange being given exclusivity for a period of time as our main CEX listing partner. Airdrop and Staking incentives will be provided to participants.
How to take part in the bonding curve sale
Taking part in the bonding curve sale is simple. You will need a few things to begin with.
As we will be using a DEX exchange, users will be able to interact with our token smart contract directly, on a dedicated PlutusDeFi/Domolite.io DEX instance.
As this sale takes part on a DEX, there are no KYC requirements.
You will need;
- Google Chrome
- Metamask Chrome Extension
- Wrapped ETH (You can do this via the DEX, however if you would like a faster transaction, you can pre-convert your ETH to wETH)
Simply click “Connect Wallet” and opt for Metamask. You do not need to create an account.
Step 1: Select “Connect to Metamask”
Step 2: Once “Connect to Metamask” is selected, connect your wallet with the platform on the Metamask Prompt Notification
Step 3: Once you are connected, you will be able to see the first part of your ETH address in the top right corner of your browser.
4) Initial Circulating Supply:
We can confirm that our Initial circulating supply is as follows;
The initial circulating supply has a moving dynamic, up to a maximum of 27.7% at the initial listing, as the seed round may liquidate if they incur a toll bridge penalty of 55% in the first month. These tokens are burned permanently.
Based on the token allocations found here, below outlines the modelling based on our $1M USD hard cap;
*Best Case: 9% of the total supply.
*Best case is based on the seed round not crossing the bridge toll (These are not liquid, as the claiming process will automatically incur a fee before these tokens can be traded), with the private, bonding curve, community, and marketing partners being liquid.
Worst Case: 27.7% of the total supply.
Worst case is based on the assumption that the Seed Round has crossed the bridge into liquidity, before being able to trade, at 55% bridge fee burn in Month 1 + Private sale + Community/Partners tokens which are liquid
5) Continued Partnerships and Integrations:
Announcements of further partnerships, integrations and new hires will take place shortly. We have been working with a number of media partners and hope to display some of PlutusDeFi’s long term commitments, traditional corporate partnerships and new team members.
Beginning from next week, community members will be able to access podcasts, interviews and AMA’s via youtube from several key industry leaders.
For any questions please feel free to reach out to us on:
Website: https://plutusdefi.com/
Telegram: https://t.me/plutusdefi
Twitter: https://twitter.com/plutusdefi
Medium: https://medium.com/PlutusDeFi
