Launch of Brand New Protection
Degis announced the Launch of Brand New Protection — IDO Price Protection
The IDO Price Protection protects Avalaunch‘s freshly issued IDO tokens from crypto market volatility. You will get payment for purchasing IDO Price Protection even if the token price drops below the IDO price, preventing the loss of your assets during the IDO procedure, Launch of Brand New Protection.
The mechanism of IDO Price Protection
Check here for a thorough explanation of the process and scheduling for Price Protection under IDO, which is based on Degis Price Protection. https://degis.medium.com/all-about-naughty-price-protection-9959d3a95189
Initial Matching:
There are 24 hours of Initial Matching to match the initial price for the protected IDO token. Initial Matching takes place at the same time as the IDO registration.
During this period, liquidity providers can freely deposit or withdraw stable coins into the pool by setting the expected price for the IDO protection token. By using this approach, liquidity providers have complete control over the AMM trading pool’s starting pricing. When the deposit time is through, the final ratio will be determined based on the amount of deposits made on either side of the pool.
Check here for the detailed intro for Initial Matching: https://degis.medium.com/initial-matching-and-public-testnet-announcement-3cdf3b77ed3c
Trading Period:
The default duration of the trading period is 14 days and may be adjusted to different cases. IDO protection tokens can be freely traded during this period. Mining function is also available during this period.
Settlement:
This compensation will be provided if the final token price is lower than the IDO price.Frequent sampling will decide the ultimate price upon expiration. The final price will be based on 12 samples.
About Degis
Degis, the all-in-one protection market built on Avalanche, aims to protect your asset from every possible risk. The ultimate goal is to build an universal crypto protection platform and shape decentralized protection ecosystem.
About Avalaunch
Avalaunch is proud to partner with Ava Labs to bring only the best and brightest project to the Avalanche ecosystem. Through their groundbreaking consensus protocols and architecture. The Avalanche blockchain represents a true step forward for the industry, offering highly decentralized applications, new financial primitives, and new interoperable blockchains.
SOURCE:
https://degis.medium.com/introducing-the-ido-price-protection-60befa1acc8
REQUEST AN ARTICLE
