Moonpot ($POTS) will start a Crowdpooling campaign on DODO (BSC) on August 2, 2021, at 18:00 UTC+8 (Singapore Time). The proceeds will be used to create a liquidity pool for $POTS after the Crowdpooling and users will be able to trade $POTS with arbitrary BEP-20 tokens on DODO.
Crowdpooling on DODO is an equal opportunity way to distribute tokens and establish liquidity markets. The project team provides its project/governance tokens and sets the number of tokens to be issued and their price. Anyone can subscribe to purchase the tokens during the campaign period.
If the overall subscription amount by participants is higher than the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool at the initial price. At the end of the Crowdpooling period, the corresponding token liquidity pool will be created and open for spot trading.
Project Name: Moonpot ($POTS)
Token Contract Address: 0x3fcca8648651e5b974dd6d3e50f61567779772a8
Token Allocation Chart/Tokenomics & Distribution:
Total Number of Tokens Provided by Project Team: 10,000,000 $POTS
Crowdpooling Token Allocation (Number of Tokens for Participants): 250,000 $POTS (2.5% of the Total Token Supply）
Crowdpooling Token Price: 1 $POTS = $1 USD equivalent of BNB at the pool’s launch
Personal Hard Cap: $100
Crowdpooling Link: DODO - Your on-chain liquidity provider.
Whitelist Link: Details available here
Crowdpooling Start Time: 18:00 August 02, 2021, UTC+8 (Singapore Time)
Crowdpooling End Time: 18:00 August 03, 2021, UTC+8 (Singapore Time)
Liquidity Protection Period: 90 days
Note: After the conclusion of the Crowdpooling campaign, $POTS tokens will be immediately sent to each participant’s wallet. DODO will then make the $POTS available for public trading for BNB and BUSD at the Crowdpooling Price.
How to Participate
- Since this Crowdpooling campaign is on Binance Smart Chain (BSC), you will need to use a wallet application that supports BSC. Some examples are SafePal, Trust Wallet, and MathWallet.
- Please beware that you will need BNB on your wallet to pay for transaction gas fees. It is recommended that your balance is at least 0.05 BNB.
- You will need BUSD or BNB in your BSC wallet to participate in this Crowdpooling campaign.
- Visit https://app.dodoex.io/cp/join and connect your BSC wallet to the browser.
- How do I switch to Binance Smart Chain (BSC) on DODO?
- How to participate in a Crowdpooling campaign?
Additional Notes on Crowdpooling
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.
You can freely adjust your Crowdpooling stake amount at any time before the Crowdpooling campaign ends.
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.
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 number 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.
- 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.
Name: Moonpot ($POTS)
Moonpot is a win-win savings game on Binance Smart Chain powered by Beefy Finance. By depositing crypto into one of our Moonpots, you’ll automatically gain interest and enter into a weekly prize draw. There’s a chance to win big-money prizes paid out in crypto from each Moonpot you enter.
So, how does it work then? Put simply, your deposit is your ticket for the prize draws. You can always get your crypto back with added interest after a 10-day Fairplay Timelock period, or pay a maximum 2.5% Fairness Fee. Winnings are also subject to the Fairplay Timelock with a Fairness Fee of a maximum of 5%. There’s nothing better than a deposit that always gets bigger and has the chance to win you Moonpot prizes.
$POTS is Moonpot’s fixed supply token that allows holders to share in part of the revenue of the platform. By staking $POTS in Ziggy’s Pot, you can receive a portion of 5% of the interest earned across all Moonpots. Ziggy’s Pot also has a regular draw using another 5% of the platform’s interest.
$POTS will also provide voting power in Moonpot’s DAO governance model. Holders can also make and vote on proposals created by the $POTS holders community. The IDO will be a fair Launch, with no private sale below the listed IDO price.
Official Website: https://moonpot.com/
Telegram: Telegram: Contact @moonpotdotcom