Balancer Labs Launches Incentive Program for IDO Token Sales
Balancer Labs incentivizes the continued growth of LBPs as a leading token distribution platform in DeFi.
Liquidity Bootstrapping Pools (LBPs) are a useful mechanism for an initial token distribution. They offer numerous advantages over other token distribution platforms, like:
- capital-efficiency — helps you distribute more tokens with less investment
- fair distribution — the constant downward pressure on the price disincentivizes front-running and large buys from whales, giving people ample opportunity to participate at a fair price.
- flexibility — can be catered to the specific use-case (e.g serve as an 80/20 or 50/50 liquidity pool after the initial sale so as to continue providing token liquidity)
LBPs are mutually beneficial to both the team distributing the tokens and the community that is accumulating them.
In order to help incentivize the continued growth of LBPs as a leading token distribution platform in DeFi, Balancer Labs is announcing an incentive program for referring projects that execute an LBP sale.
Referral Program
The rules are simple — refer a project that executes an initial token distribution via Balancer LBP and earn a referral bonus based on the trading volume generated by the pool!
- $5M+ in volume — 20 BAL
- $20M+ in sale volume — 60 BAL
- $50M+ in sale volume — 100 BAL (worth over $5,000 USD at time of writing)
What is Balancer?
Balancer protocol is a non-custodial portfolio manager, liquidity provider, and price sensor.
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