As we have seen several tokens launched on Terra in the past few months. And we noticed 2 big problems that keep happening again and again……First of all, liquidity pools starting not deep enough cause price pumping. which might make some people feel good But it’s quite unfortunate for small buyers. The second problem is As soon as the token is launched, it works. All liquidity at the initial list price is sniped by the bot in the first second. and forcing buyers to buy at higher levels
At White Whale, we have tried to design a default token release model that addresses both of these issues. At the same time starting our own protocol which owns liquidity… We call it “THE BOOTSWAP”.
What is BOOTSWAP? Here’s how it works. First, we will use validated open source LBP code. Given to the community by the Astroport team, if you’re unfamiliar with LBP or Liquidity Bootstrapping Pools, it’s a token launch mechanism used by Balancer. high start and let it go down to the price discovery at a pre-determined interval. LBP was also used as a fundraising tool as the team provided initial liquidity at a disproportionate ratio of 98/2 token/stablecoin. and while the tokens are sold The ratio will then be balanced according to the target ratio set by the team in the parameters (e.g. 20/80 token/stablecoin), allowing them to claim stablecoins and raise capital from different parts.
At White Whale we take a slightly different approach, as you know. We have signaled our intention to pursue Protocol Owned Liquidity for some time. As mentioned Unlike most other LBP events, our BOOTSWAP event is not a token sale or fundraising event. Profits from the event will not go directly to the White Whale team or the agency. on the contrary The team funds are deposited into the LBP pool (along with the WHALE tokens) initially and at the end of the LBP activity when the liquidity pool is balanced at the ratio we set at 50/50 UST/WHALE, just like the Masters. Your standard LP token… same as your standard LP token… All liquidity is transferred directly to TerraSwap and will serve as trading liquidity for the UST/WHALE pair and all associated LP tokens are deposited in the White Whale War Chest and owned by the protocol.
This would mean a few things: 1. Right from the start… the White Whale should own a share of its liquidity … POL is right from the start and 2. It means that since this is not a sale or a raising. capital And all funds will go directly to the community treasury. And there will be no KYC requirements or trading restrictions for this event!
However, how would this benefit the average retail buyer if the price is already high? And what if it stays high and refuses to descend? Our goal is to distribute WHALE tokens at a fair and honest level to retail buyers. which in order to do so Our plan is to exceed demand with our default Pool size. We will initially deposit 100 million WHALE tokens into LBP to trap bots and we believe this will give anyone who wants to buy WHALE tokens on their first day of trading a chance to win. Good prices without bots stealing all the initial liquidity. The starting price is $1.00, so if the bot wants to come sniper. That’s the price they’ll get. It then floats lower to price discovery over a period of 72 hours or until the target ratio is reached.
We are currently conducting testing on our version of testnet. And we plan to launch it as soon as possible. As in the next few days More details are coming soon, please follow our twitter for updates…
refer : LINK
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