Rising Coin Launch; the Fairest of Them All
As we are very close to going live, it is a good idea to go over highly fair launch dynamics of the Rising Coin project.
Tokenomics
Due to Rising Coin’s game theory, its tokenomics are quite different when compared with most traditional cryptocurrencies. Instead of a large fixed supply, Rising Coin will have a very small supply which will grow only if there is strong market demand. In other words, we are not minting 500,000,000 coins (Or a quadrillion — 1,000,000,000,000,000, like latest meme coins) and defining a tokenomic distribution for them. Instead, we plan to have a zero supply launch where we will mint only a necessary amount of RC and use most of the coins for the launch sale and the AMM liquidity pool after sparing a small amount for the team and coin based partnerships.
Zero-Supply Launch
Due to its unique game theory, Rising Coin’s supply will grow only when there is demand at production cost, which is the ATH price. Even the start of the project obeys this rule; starting value of $1 is an ATH at day 1.
As we are making a DEX launch, we must start with a good amount of funds in our initial liquidity pool. We have the following options to generate initial funds:
Using a Launchpad
We are in talks with launchpads to use their marketing power, investor community and launch infrastructure. Our target is to make the launchpad sale as similar to normal operation of the project as possible; the process has to flow manually but it will be very similar to how Adjuster works. The RC that will be sold on the launchpad will be manually minted in advance and any amount that doesn’t get sold will be burned.
Depending on the launchpad we might work with, the proceeds of the launch will most likely be in high volume cryptocurrencies like USDT, USDC, ETH, or similar. Most launchpads require the project to lock most of the proceeds of the launch to the liquidity pool, which is %100 aligned with the way we want to manage funds in Rising Coin Treasury (RCT). To be able to lock the launch proceeds into the liquidity pool, we will mint the RC part of the pair which is identical to the way Adjuster works.
Using Initial Liquidity Provider (ILP) Funds
Another option is to utilize funds offered through our ILP program. Our call for ILPs received a fair amount of interest, looks like we will be able to launch with a small pool. ILP option may be skipped if we have good returns from our launchpad offering; we will consider it as a last resort.
Grace Period
If we make a launchpad sale, it is possible that only a select (or random) group of investors from the launchpad’s community might end up buying at the sale and some of our community might be left out. We have a plan to make things fair on this front as well. We plan to start Adjuster’s 1% daily increase a period of time after the launchpad sale is finalized and the liquidity pool is created. During this grace period, Adjuster will be operational to keep the market price at $1 level, so that any initial investor can buy at the starting price.
Summary
Rising Coin will make a highly fair launch, which can be summarized as below:
- Keep as loyal as possible to our zero-supply start philosophy while utilizing launchpads.
- A high percentage of the supply will be either in investors’ wallets or in the liquidity pool.
- Grace period to include all initial investors.
