Launchpad
Last updated
Last updated
The launchpads are universally accessible but are designed to give priority to YUM holders. In specific situations, they may also become available to the wider public.
To become approved as an YUM member, learn how to utilize the Launchpad feature.
The fair launch approach offers a clear and equitable method for users to acquire tokens, eliminating concerns about the usual price variations seen when tokens are listed. This model's goal is to guarantee that everyone has a fair opportunity to buy tokens prior to their release on the general market.
The specifics of each token sale, including maximum funding goals, eligibility criteria, and other key aspects, are set by the project's team. These details are announced and shared in advance of each launchpad event via our social media channels.
As for the determination of the token's price, it varies based on the chosen sales model — whether it's a fixed price or a dynamic price discovery mechanism. All relevant information is provided before the commencement of each launchpad.
Price discovery mechanism example:
Price = Total $ raised / sale circullating supply
The initial phase of the auction sets a fixed FDV (Fully Diluted Valuation), determining the lowest price per token (for instance, $0.1).
As soon as the auction gathers a pre-decided sum (like $1 million), the phase for determining the price starts.
In this price determination phase, the cost of each token progressively rises with each acquisition.
It's crucial to understand that participation timing does not affect the final price of the tokens. This applies to all participants, including those with whitelisted addresses. Everyone will be allocated tokens at a price that corresponds to the sale auction's final valuation, unless there are specific exceptions stated.
Example of a fair launch model scenario without a hard cap: During the initial stages of the token sale, when the price per token is $0.1, Strawberry invests $1000.
Later, towards the end of the sale when the price of each token has risen to $0.9, Vanilla makes an identical investment of $1000. Ultimately, the auction's public sale concludes with a final token valuation of $1.
As a result, both Strawberry and Vanilla have the right to claim 1000 tokens each. The initial listing price for the token on the market is set at $1.
