BQB Fair Launch (Liquidity Generation Event)
BloqBall token will be launched with the Liquidity Generation Event
BloqBall is going to be the most fairly launched token in the history of DeFi. There will be a 100% community oriented Liquidity Generation Event (this was supposed to be done through one of the best DeFi team on Fantom, SpiritSwap, but they couldn't launch on their UI because of legal issues.)
People from the Fantom community who deposit FTM into the LGE contract at any time during the LGE event will be apportioned a proportional share of the LGE regular allocation of 600K BQB tokens at the end. This allocation is distributed to everyone who deposits $FTM during the 72 hours over the vesting period of 30 days to 120 days.
The amount of BQB tokens users can claim will be based on share of total deposits at the end of the LGE. Everyone who deposits FTM will have their Fair share of BQB.
All the FTM tokens from the launch, along with 500K BQB tokens will be used to seed initial liquidity for the FTM-BQB pair on SpiritSwap, one of the most popular DEXs on Fantom Opera and on BloqBall's on LP.
This will make the price of BQB about 25% higher than the effective BQB/FTM exchange rate for participants in the fair launch. This makes sure the participants are already at profit.
The LP tokens received by the LGE contract for making these liquidity pools available will be locked in the LGE contract for a minimum period of time , ensuring plenty of early liquidity. After the lockup period ends, the usage of the LP tokens will be up to the community to decide, where the strategy for their usage will be at the discretion of the community.
To be announced
To be announced
Minimum 30 days. 25% of the tokens will be unlocked in 30 days and the other 25% will be unlocked in the next 30 days. By 120 days all the tokens will be unlocked.