before the real day comes We would like to tell you about how to join the Balancer Liquidity Bootstrapping Pool (BLBP) to earn $XY tokens. We’re here to share with you all the information you need to know if you want to join BLBP and earn $XY tokens. We’ll walk you through all the steps and necessary parameters so that you can join our IDO. more conveniently
Caution
The contract address is only disclosed through our official channels, there will be no DM to you under any circumstances and you will not be able to purchase $XY tokens prior to BLBP.
So how does the Balancer Liquidity Bootstrapping Pool (BLBP) work?
At the first announcement We told you about the concept of BLBP as an innovative mechanism that allows projects like XY Finance to raise fair and equitable funding. It can also reduce the potential risks involved in this engagement for our community members and also eliminate any bugs or issues and process complications.
And to ensure that all XYers are able to participate in BLBP, we want to make the process understandable. So you can decide exactly when you should invest, how to invest or even what to invest.
So why did we choose BLBP?
From the first day until today Having said that, all of you, as part of our community, are extremely important to the success of XY Finance. We have received tremendous support. Which is why when we decided to bring back the $XY tokens. So we felt that there was only one way to be fair enough. That is to use the Balancer Liquidity Bootstrapping Pool (BLBP).
XY Finance aims to be a project that puts the community first. This can be done through our token distribution even more. We put a lot of thought and thought into our release. We therefore hope that we will be able to prevent possible price volatility. If there are few market participants
Actually, it has a lot of options. Whether it’s a Launchpad, Staking Pool, etc., but nevertheless. There was no way that could be used by everyone. And other methods or forms of IDO may result in less rebellion between participants competing for allocation. causing competition among themselves This can result in the loss of thousands of dollars in gas or even the risk of high volatility due to token holdings. IDO/Launchpad
worse You may need to meet the whitelisting criteria in order to get a very small amount of allocation. As mentioned above, that’s all. By using the BLBP, all XYers can participate in our IDO where they can choose to invest large or small amounts of money!
So what will happen?
I must say We ourselves are unable to predict the exact outcome of BLBP itself, as BLBP fundraising we leave the market and our sponsors the right to decide the eventual token price. how much should be And how much should we add to it? This eliminates the possibility of cheating and also creates transparency throughout the launch.
For a better understanding of BLBP, it is important that you know what will happen to the token’s price. If no one is trading for the $XY token as in the image below. You will be able to see from the graph what happens if there are no transactions in the 72 hours of the pool. The result that will follow that is. The price of the $XY token is slowly falling. until the final possible value.
But when analyzing the situation until now We can say that the above scenario is unrealistic and likely will not happen as we believe that our sponsors have a huge demand for the $XY token so trading will definitely take place.
We found the BLBP pricing mechanism to be a very good one, as it was able to price the tokens much more fair after it was tested in an analysis of two very successful launches. Many on Copper Launch like AlphaKlima and Merit Circle.
AlphaKlima — $aKLIMA
Merit Circle — $MC
from the two images above you can see that even though the price has dropped But both projects were able to successfully raise their prices when launching on Copper Launch.
Following the IDO (based on data from Dextools), the values of $aKLIMA and $MC hit $8,015.60 and $10.59 on November 30 at 3:30 PM UTC, representing a 23.78x and 2.31x jump, respectively. From the closing price of Copper Launch
Due to the previous Copper Launch IDO, along with the feedback from our own community, We therefore think that the market will be able to provide fair and efficient token pricing through BLBP on Copper Launch.
By considering the two IDOs mentioned above. There is a high probability that the $XY token will still be underestimated. This is because not all investors are likely to participate in the Copper Launch as they may only go for the $XY token purchase when the token is available on the exchange.
But for those who are already planning to participate in IDO, please don’t feel pressured that I have to hurry and buy it! Since you have 72 hours to join BLBP, after you have set up BLBP, the price will gradually decrease or increase based on the incoming orders. It might be better to go and buy it after a few hours. When people start to lose their excitement, that’s it.
mainly is You can choose the price range that you think is the best to buy the $XY tokens, and without the high gas cost to compete for the token allocation when starting an IDO.
For information on BLBP
XY finance’s BLBP has the following general information:
- Start date: December 9th, 14:00 UTC.
- End date: 12 December, 14:00 UTC.
- Sales lead time: 3 days (72 hours)
- Platform: Copperlaunch.com
- Starting price: $5.00
- Initial XY Pool: 8,000,000 $XY Tokens
- Starting USDC Pool: 1,666,667 USDC
- Initial percentage: XY 96%: USDC 4%
- Ending percentage: XY 50%: USDC 50%
Follow these steps to join now!
1. First, you visit the Copper Launch page dedicated to XY Finance BLBP.
2.On this page, you will need to connect it to your (and web-supported) wallet: MetaMask, WalletConnect, Gnosis Safe, or directly to your own Ledger device.
3. After you have connected Enter the amount of $XY tokens you wish to purchase and ERC-20 tokens you wish to purchase and press “Approve”.
4. Once you have approved the ERC-20 token, select “Swap”. Once swapped, you can adjust your slippage tolerance by pressing the “setting” button under the “. Swap”
5. When going through the whole process Your transaction will begin processing. After you verify your transaction on the Ethereum blockchain, you will receive a $XY token in the wallet you previously connected. You will also see a pop-up button to confirm the transaction details.
When you’re thinking of joining the Copper Launch BLBP, keep these things in mind.
- Make sure you have enough ETH to cover the gas in your wallet.
- We have defaulted the $XY and USDC token pair. But you can switch with any supported token you want.
special! We’re giving away 200,000 XY Tokens and 20 GalaXY Kats NFTs Airdrop to our XYers!
It’s interesting, but in order to qualify yourself You must meet the two requirements we are going to address before the snapshot period ends. Plus, you’ll be in the top 50% of all.
XY Finance aims to incentivize and provide users with greater benefits for our cross-chain swaps and participation in our IDOs.
to have such properties You will need to perform at least one cross-chain swap on the protocol and receive $XY tokens from Copper Launch (without selling your $XY tokens) before the snapshot period ends. You can view the timeline for claiming the airdrop below.
1) Execute cross-chain swaps on XY Finance, which are calculated based on the trading volume during the snapshot session.
- Start snapshot: 07:30 UTC on December 2, following the official launch of Y Pool.
- Snapshot ends: One day after BLBP closes.
The score is measured by the total volume of your cross-chain transactions, in USD, during the snapshot.
2) Acquisition and holding of $XY from BLBP
- Default snapshot: BLBP in Copper Launch will go live.
- Snapshot ends: One day after BLBP closes.
- The score is measured by the total amount of $XY tokens you receive in BLBP and is held until the snapshot period ends.
Please don’t forget that If you sell or transfer $XY tokens during the snapshot period, You will be immediately disqualified from the airdrop, regardless of your rank among all BLBP participants.
Your total score in the airdrop will be calculated as follows:
After the snapshot period is over, We calculate the quantity of eligible XYers on each item, those in the top 50% (calculated based on the points you earn) are eligible for an airdrop (provided you don’t sell and don’t transfer tokens). your name too)
We’ve also decided to release 20 GalaXY Kats NFTs to the top 20 after we’ve calculated them according to the formula above. by selling $XY tokens even before the snapshot period. This will result in you being disqualified for the NFT airdrop as well.
Let’s talk about Disclamers a bit.
This post is for general information purposes only. It is not an offer to sell or a solicitation to buy securities, options, futures or the like. relating to securities in any jurisdiction
and due to regulations of some governments Some users are therefore not allowed to participate in the Liquidity Bootstrapping pool. which is Citizens or persons domiciled in the United States. Mainland China, Hong Kong, Macau, Taiwan or any country subject to sanctions imposed by OFAC.
XY Finance reserves the right to change these terms and conditions at any time without prior notice. In the event of any changes, the amended terms and conditions will be posted on our social media immediately.
Therefore, please always check the latest information that will be posted on our platform so that you don’t miss any of our changes.
FAQ
We understand that you may have some questions that you would like to know more about. Here we have tried to answer some of the questions we have received and have gathered here.
question : way How many $XY tokens does XY Finance have in BLBP?
We thought to put 8% of the $XY token in BLBP.
(Which is 8 million $XY tokens since the total token volume is 100 million) and for some of the $XY tokens that we have not yet sold, We will allocate it to funds for liquidity management.
question : So where can I join BLBP?
You can join by visiting our BLBP page directly on the Copper Launch webpage or on the Balancer, and we’ll send you links on our Twitter and Discord once the pool is launched.
Question: Which wallets are eligible for BLBP?
To join BLBP, you need to connect a wallet. cryptocurrency Web3-enabled with Balancer, Balancer currently supports MetaMask, WalletConnect, Portis, Coinbase Wallet, and Fortmatic.
Question: Which cryptocurrency is needed for BLBP?
Once you have set up your wallet, You will need to prepare
(1) ETH for Gas
(2) USDC/ETH/DAI to exchange for $XY tokens
While other tokens other than USDC are accepted for exchange for $XY tokens, we recommend that you use USDC directly. Because if you swap using another token You may encounter higher prices as the Balancer “multihop” in every pool incurs transaction costs while converting any tokens.
according to yours in USDC
Question: At what price should I start buying tokens?
It’s up to you We cannot advise how much, when or in what manner you should invest. But do not forget that the price will gradually Decrease when no purchases occur. And there may be cases when the order is so large that the price increases rapidly.
Question: What is the minimum amount I can buy?
There is no minimum, you can choose for yourself what price you want to buy. however Ethereum transaction fees are pretty high right now, so we expect you to spend anywhere between $25 and $200 per transaction. These fees are the same no matter how much you want to buy. Because this fee is not owned by XY Finance or Copper, it is used to pay Ethereum network auditors to keep the Ethereum network running smoothly.
Question: Will there be a lockup period for the $XY tokens purchased on the BLBP?
No, there is no lockup period for $XY traded on BLBP, you can trade it freely immediately.
Question: What if I have more questions?
If you have any further questions about joining XY Finance BLBP, feel free to reach out to our Twitter, Telegram or Discord and we’ll get back to you as soon as possible.
refer : LINK