The Lydia Launchpad is Coming…
Launchpad simplified
It is usually a difficult and confusing process to raise funds for a new crypto project for both the project developers and investors. With our IFO (Initial Farm Offering) platform we are making it it easy, fair and mutually beneficial for LYD holders and the Avalanche ecosystem as a whole. In this blog post we will dive into the details and explain how our IFO (Initial Farm Offering) will work. Are you ready?
Sale model
Our innovative way to launch tokens on Avalanche! Buy new tokens using LYD-AVAX LP tokens. In the end of the IFO the project will get the AVAX, we burn the LYD 🔥 and participants will get the tokens.
The sale will be made in 2 separate sessions:
Basic Sale
This is best option for those who want to participate in the IFO and get the most bang for their buck. Each user will be able to contribute a maximum of $100 equivalent in LYD-AVAX LP tokens in this “Basic” session. Total amount of tokens that will be available in this session will often represent around 30% of the total supply of the sale.
Unlimited Sale
There will not be any contribution limits in this “Unlimited” session but it comes with a participation fee. This part of the sale will often represent around 70% of the total supply available for the IFO. Participation fees will start at 1%, and will only be applied to the participants of the “Unlimited” session and decreases in cliffs, based on the allocation of overflow from the “Unlimited” portion of the sale.
Where will the participation fee go?
We will burn it! As a result, we will likely burn more LYD in addition to increasing the buy pressure from IFOs post sale.
“Overflow” sale method
In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will be sent back any leftover funds when they claim their tokens after the sale.
Benefits for Lydians!
Invest in a new project with your LYD tokens and start farming in the farm we will launch after the IFO with a generous APR.
Also, much more LYD to burn 🔥
Benefits for the Project
Define an initial price for your token, raise funds for your project on a fair launch platform, boost your projects visibility and help to balance the volatility during post-launch period. Introduce your project to a vast community which has more than a thousand token holders.
Also, our bridge LYD Gate we launched recently will allow users from outside of the Avalanche ecosystem to be able to participate in our IFOs. Imagine you launch a project on Avalanche and people on Binance Smart Chain and Ethereum will be able to participate in it as well. Exciting isn’t it?
When will the first IFO launch?
We are currently negotiating with several new projects to launch them on our IFO platform. We know that you are all as excited as we are!
If you have a new projects to launch feel free to contact us.
