New York, NY, 20th May, 2022, Chainwire
Swappi, an AMM-based decentralized exchange (DEX) deployed on Conflux, is releasing a new feature that will give new projects launching on Conflux’s eSpace a platform to launch, fundraise, and seed their community. Dubbed Launchpad, the new feature will enable projects to conduct an Initial Dex Offering (IDO) on Swappi.
Swappi Launchpad allows projects to conduct IDOs and hold both private and public sales, letting them set fixed token prices, token allocations, and sale times for their IDOs. While any Swappi users can participate in Swappi Launchpad, users who stake Swappi’s native token PPI will gain early access via private sales.
Private Sale
Through private sales, users can gain access to a limited private sale token allocation by staking PPI in Swappi Launchpad to earn Launchpad credits before the start of the private sale. Once the private sale starts, users will be able to purchase their share of IDO tokens proportional to the amount of Launchpad Credits earned. The more PPI staked, the more Launchpad Credits earned, and the more private sale tokens available.
Swappi’s Launchpad Credits determine the amount of private sale project tokens available to Swappi users. These Launchpad Credits are calculated based on the amount of PPI a user has staked during each IDO’s allotted staking period. The maximum amount of private sale IDO tokens available to a Swappi user is calculated based on their share of Launchpad Credits for each IDO private sale. Note: Launchpad Credits will be for specific IDOs and not transferable.
Public Sale
Swappi Launchpad allows any user to participate in public sales on a first-come-first-served basis. Users will be able to purchase a limited amount of project tokens directly using Swappi Launchpad.
Upcoming IDOs
Conflux already
