DODO and LOFI IDO announcement!

Title: Introducing the LOFI - Watch2Earn (LOFI) Crowdpooling on DODO BSC on Aug 26th

Hello CommanDODOs,

LOFI - Watch2Earn (LOFI) will start a Crowdpooling campaign on DODO {BSC} on Aug 26th, 12:00 PM UTC. The proceeds will be used to create a liquidity pool for LOFI after the Crowdpooling and users will be able to trade LOFI with arbitrary ERC-20/BEP-20 tokens on DODO.

Crowdpooling on DODO is an equal opportunity way to distribute tokens and establish liquidity markets. The project team provides its project/governance tokens, and sets the token price and the amount of tokens to be issued. Anyone can subscribe to purchase the tokens during the campaign period.

If the overall subscription amount by participants is higher than the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool at the initial price. At the end of the Crowdpooling period, the corresponding token liquidity pool will be created and open for spot trading.

Crowdpooling Information

Project Name: LOFI - Watch2Earn (LOFI)

Token Contract Address: 0x77F86D401e067365dD911271530B0c90DeC3e0f7

Token Allocation Chart/Tokenomics & Distribution: LOFI Token Sales Table (1).pdf - Google Drive

Total Number of Tokens Provided by Project Team: 1,200,000,000 LOFI (12%)

Crowdpooling Token Allocation (Number of Tokens for Participants): 30,000,000 Token (0.3% of the Total Token Supply)

Crowdpooling Hard Cap: 150,000 BUSD

Crowdpooling Token Price: 1 Token Symbol = 0.005 BUSD

Personal Hard Cap (Optional, delete if not applicable): 300 BUSD

Crowdpooling Link: DODO - Decentralized Trading Protocol for Web3

Whitelist Link: (No link)

Crowdpooling Start Time: 12:00 PM Aug 26th, 2022 UTC

Crowdpooling End Time: 12:00 PM Aug 27th, 2022 UTC

Liquidity Protection Period: 30% unlocked at TGE; then monthly vesting over 12 months

Note: After the conclusion of the Crowdpooling campaign, Token Symbol tokens will be immediately sent to each participant’s wallet. DODO will then make the LOFI available for public trading for any BEP20 at the Crowdpooing Price.

How to Participate

Additional Notes on Crowdpooling

  1. Do NOT send tokens to or interact with the Crowdpooling contract address before or after the Crowdpooling campaign. Your tokens may be lost forever and DODO is not liable for any asset losses due to user contract interactions outside the Crowdpooling period.
  2. You can freely adjust your Crowdpooling stake amount at any time before the Crowdpooling campaign ends.
  3. If the total staked amount by participants is below the Crowdpooling hard cap, then all participants will receive tokens normally (i.e. the number of tokens received = the amount participants staked / token price). The leftover tokens will be put into the liquidity pool and become available for spot trading.
  4. If the total staked amount by participants is over the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool, at the initial offering price. Any difference between the amount participants staked and the actual cost of the tokens (i.e., token price * the number of tokens actually received) is then refunded back to participants.

Note: Due to the flexibility of DODO’s Proactive Market Maker (PMM) algorithm, the opening price, once spot trading begins, can be equal to the Crowdpooling token price, even if the hard cap is not reached. That is, the opening price is not determined by the amount of assets in the resulting liquidity pools. How it works under the hood is that the PMM algorithm truncates part of the bonding curve and assumes that there is a certain amount of buying support in the market. Even if the amount of capital contributed by participants is low, the opening price can still be the Crowdpooling price, and the resulting bonding curve will have a minimum/floor price. Funds staked by users can then push the token price from the minimum price to the Crowdpooling token price.

  1. Participation in Crowdpooling is NOT risk-free. DODO is not liable and will not be offering compensations for any asset losses caused by factors such as project mismanagement, arbitrary and/or malicious token minting, and secondary market manipulation. Cryptocurrencies are a high-risk asset class, so please always proceed with caution and beware of various risks.

Project Profile

Name: LOFI - Watch2Earn (LOFI) (embed the PR announcement link here, if applicable)

Official Website: https://lofi.buzz

Whitepaper: https://whitepaper.lofi.buzz

Twitter: https://twitter.com/LOFI_Buzz

Discord: LOFI

Surprise! Surprise!

:gift: Special benefits for IDO participants

The following benefits are available to members who hold $40,000 LOFI ($200 BUSD based on IDO) until September 18 out of IDO participants.

  1. Free minting opportunity for one LOFI Pods NFT
  2. LOFI Pods NFT Whitelist (Max. 3 Pods can be bought per wallet)

Snapshots will be proceeded twice, on the end of the IDO and September 18th.

LOFI Pods NFT will be released at the end of September on the new launchpad of the Global Top 3 Exchange, so please pay a lot of attention.