Thorstarter x Excalibur Exchange Fair Launch Whitelist Partnership!
Thorstarter is thrilled to bring the Thorstarter community another promising Fantom opportunity, They are partnering with Excalibur for their fair launch liquidity event.
- Members of Thorstarter Tiers 4 and 5 will be whitelisted automatically
- Members of Thorstarter Tiers 1, 2, and 3 can apply for whitelisting here
Excalibur’s fair launch initial liquidity event will run 3/5/22–3/8/22
Enter Excalibur
Excalibur is a highly flexible and ecosystem-oriented Fantom AMM providing fee mining, swap referrals and customizable fees.
It aims for long-term efficiency and sustainability through advanced shareholding mechanisms, time vault staking & project-owned liquidity. Enter the Holy Grail of DeFi…
Why Excalibur
Excalibur Exchange is a Fantom-based DEX, built with a focus on sustainability, capital efficiency and supporting new projects. Sustainability has always been an issue in the DeFi space, as capital follows incentives, and incentives need to be properly configured to encourage longevity of capital; this is a big focus for Excalibur, and we do this via dynamic incentivization for long term staking and yield-generating governance token separated from liquidity rewards, amongst others. Excalibur also features highly variable swap fees and a variety of other mechanisms to support new projects on Fantom.
The $EXC Token
$EXC is the main token from Excalibur exchange. It is a classic yield farming token earned through staking liquidity in non-EXC pairs and selected incentivized single staking pools.
EXC native pairs staking on Excalibur will be the only way to get $GRAIL, the shareholding and governance token from Excalibur.Consequently, by staking their claimed EXC/FTM LP tokens after the liquidity event, participants will be able to immediately receive a proportional share of the platform’s dividend fund, initially fed by 50% of the raised FTM.
The $EXC Event
$EXC will be launching a Fair Launch Liquidity Event. Here are the initial details:
– Network: Fantom
– Token: $EXC
– Date: March 5, 2022 — March 08, 2022
– Price: Dependant on Total Raise
– Raise Size: Uncapped Raise, initial supply of 1,000,000 EXC tokens
Select members of Thorstarter Tiers will be whitelisted to participate in the Excalibur’s fair launch liquidity event. Whitelisted wallets will feature higher allowances than the public.
Public wallet participants will allow a maximum of $1,000 (in FTM) allocation for every address, excluding launchpads and partners.
Fair Launch Process: March 05 — March 08
Launch Location: https://excalibur.exchange/
Thorstarter Tier Whitelist
- Thorstarter Tier members with Whitelist Addresses can go to the Excalibur fair launch running March 05 — March 08
- Members of Thorstarter Tiers 4 and 5 will be automatically whitelisted, while Tiers 1, 2, 3 can apply to be whitelisted.
- During the launch they can contribute FTM and receive EXC-FTM LP tokens that are equivalent in value to their investment
Public
- The fair launch is open to whitelisted addresses, with a maximum allocation of $1,000 (in FTM)
- Per the Excalibur tokenomics, there are no team tokens and no investor tokens, all interested must take part in the fair launch at the same price. Bullish >:)
Example Token Price Discovery
$2,400,000 worth of FTM have been raised:
$1,200,000 (minus the referral commissions) will be directly sent to the $GRAIL dividends contract, in order to be distributed to the shareholders
$1,200,000 will be used to form LP tokens with the 1,000,000 EXC
The EXC price will hence be 1,200,000/ 1,000,000 = $1.20
If a participant invested $500, he will then get a LP with $250 of FTM and $250 of EXC (so 250/1.20 ~= 208 EXC).
About Excalibur Exchange
Excalibur Exchange is a Decentralized protocol built with a focus on sustainability and capital efficiency. Ownership and governance of the protocol will be truly decentralized, from day one vesting into the hands of traders, liquidity providers and listed projects growing the ecosystem. Advanced shareholding mechanisms, time vault staking & project-owned liquidity ensure that they can reach this holy grail.
About Thorstarter
Thorstarter is a first-of-its-kind model: a hybrid IDO launchpad meets decentralized investment DAO. TS functions as a decentralized VC firm offering an array of services to partner projects. From investing in promising projects, to helping them market and build community, to performing their token launches in the Thorstarter app, Thorstarter is a premium, full suite incubation and launch solution.
📰 INFO
https://blog.thorstarter.org/fair-launch-whitelist-partnership-excalibur-exchange-dd115a13cb1f
