Initial Liquidity Offer
To bootstrap X2Y2 token liquidity, an Initial Liquidity Offering (ILO) was hold before the official liquidity deployment on Uniswap.
- X2Y2 price at ILO was: 1 X2Y2 = 0.0001 ETH ≈ $0.25
- 15,000,000 X2Y2 tokens (1.5% of total supply) , divided into 1,000 shares (15,000 X2Y2 per share), each sold for 1.5 ETH. A total of 1,500 ETH was raised.
- Whitelisted wallet addresses could participate the ILO prior than others.
- X2Y2 tokens sold at ILO are unlocked linearly per block in 360 days.
- After the ILO sale, 10,000,000 (1%) X2Y2 tokens + 1,500 ETH were deposited into Uniswap to bootstrap the initial liquidity.
- If the 1,000 shares were not sold out during the ILO, the remained shares were to be burned and X2Y2 tokens to bootstrap the initial liquidity were also to be reduced proportionally.
- All LP tokens generated by bootstrapping liquidity were burned to
0x000000000000000000000000000000000000deadto lock the liquidity permanently.
Rewards to locked X2Y2 Tokens
- X2Y2 tokens sold via ILO are rewarded with a proportion of the market fee in WETH, no matter if they are locked or unlocked.
- These ILO tokens won't receive the X2Y2 staking rewards automatically. You need to withdraw and deposit it into the staking contract manually.
- Unlocked X2Y2 from ILO will be both tradable and stakable.
Wallet addresses that joined the ILO are eligible to claim free founding edition NFTs, Ajin Youth Rebels.
- OG roles in X2Y2 Discord could claim at most two NFTs in total.
- Other whitelist roles in X2Y2 Discord could claim only one NFT.