PFX token presale: All details!
What’s up foxies!
In this article, I will explain how the new PFX presale system is designed to be an even greater success than the originally planned presale system. This new system will raise an extremely large amount of liquidity for the Polarfox decentralized exchange (DEX), ensuring it is properly launched and attractive to all investors.
We can already answer three questions that have come up in our chats:
- There will be NO spending limit. You can spend as much as you wish.
- The PFX token and Polarfox DEX remain on the Avalanche blockchain.
- There are no requirements to participate (such as holding AKITA).
The presale will take place on the Polarfox website and run on open-source smart contracts, as does all of our code, ensuring maximum transparency.
The exact launch date will be announced very soon.
Payment token: BNB
For participating in the presale, we decided to use BNB to provide:
- Low gas fees
- Easy access for anyone
- More participation, meaning more liquidity on the Polarfox DEX
Tokenomics:
10,000,000 PFX (33% of the total supply) will be allocated to the presale.
10% (1,000,000 PFX) will be sold in a private sale. The other 90% is split into:
- Presale levels: 7,200,000 PFX
- Referral bonuses: 1,800,000 PFX (25% of levels allocation)
Any unsold PFX from the presale will be burned.
Presale levels:
7,200,000 PFX
The presale is divided into 100 main levels and 20 bonus levels. Every level has a fixed PFX price and a fixed USD limit. When the limit is reached, first-come first-served, the next level automatically begins with an increased price.
Example:
Level 1 sells 55,556 PFX for a price of $1.8 per PFX ($100K threshold).
Level 2 sells 52,910 PFX for a price of $1.89 per PFX ($100K threshold).
…
This means that a level 1 participant gains 2000% profit if the presale reaches level 120.
Full level tokenomics can be found here.
Referral bonuses
1,800,000 PFX
From the Polarfox website, you will be able to generate your personal referral link at least 48 hours in advance for the presale and earn 25% of PFX invested by every person you refer.
Example: Your friend buys 100 PFX using your referral link. He receives 100 PFX. You receive 25 PFX.
Referral bonuses will be distributed when the presale ends, along with any PFX tokens you purchased.
PFX value protection:
To protect the PFX price at DEX launch, we have set up a token distribution system. Every participant receives the same total amount of PFX per day BUT the duration of distributions will vary between 0–500 days based on the level. Prior to that, there will be an initial PFX distribution at DEX launch.
Example:
Person A purchased 55.5 PFX for $100 on level 1.
Person A receives $105 worth of PFX at DEX launch.
Person A receives $120 worth of PFX per month for 17 months.Person B purchased 52.9 PFX for $100 on level 2.
Person B receives $100 worth of PFX at DEX launch.
Person B receives $120 worth of PFX per month for 16 months.
Spreadsheet with detailed distributions can be found here.
How to participate:
In order to participate in the presale, you need a MetaMask wallet using the Binance Smart Chain. PFX will be purchased with BNB. You can either import your existing wallet in MetaMask or create a new one.
If you need help importing the BSC in MetaMask, see this tutorial: https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
Your PFX will be sent to the same wallet address but on the Avalanche C-chain.
If you need help importing the Avalanche C-chain in MetaMask, see this tutorial: https://support.avax.network/en/articles/4626956-how-do-i-set-up-metamask-on-avalanche
