Community Fair Launch
The first sale on PalmPad: PALM Community Fair Launch.
Last updated
The first sale on PalmPad: PALM Community Fair Launch.
Last updated
👉 Click here to jump straight to the PALM Community Fair Launch We had a lot of ideas how we are going to distribute the first tokens into the market. But the best way was to do it in form of a Community Fair Launch. Here's why:
With ICOs, users can buy the token at a fixed price and founders list the Token most times with a higher value. This leads to massive sell-offs at token release and believers in the project lose tons of money if the team fails to give the token proper use cases to attract more buyers and users.
At a Classic Fair Launch, the token is launched at a very low valuation to let the community pump up its price, with the intention of letting the market decide it's actual value. While this is a great idea, what usually happens in a Classic Fair Launch is that sniper bots and big whales control the whole Fair Launch. Sniper Bots can buy much faster than normal users and whales often over-spend on gas fees in order to "front-run" other buyers and buy first. The initial buying pressure results in a huge price spike, which attracts lots of retail investors. After the initial pump and retail investors jumping on board, sniper bots and whales sell their tokens and dump the price massively. In conclusion, not only you're losing money in a scenario like this, but also stressing to buy at the perfect time.
IDO, IEO, IFO sales can give a lot of marketing exposure but are also dangerous. On the one hand, you will be able to sell your token with a large platform's marketing and community strength. On the other hand, these platforms want the best deals for their communities and will try to squeeze your prize and aim for low to no vesting schedules at all. As a result, projects end up selling tokens for a very cheap price below their actual valuation and most of their buyers are in for a quick profit, which will also result in fast sell-offs.
None of the above strategies seemed appealing to us for our community that's why we decided to do something different for the PALM token launch. We picked out the best parts of each strategy, combined them together and came up with something unique.
A community Fair Launch with vesting is a very strong tool to protect users. It works the same way as a fair launch but with the difference that the tokens are not distributed fully to the investors but released partially and gradually. At TGE on 24th September, 2022 participants can claim 25% of their purchased PALM Tokens. So gem- and profithunters get eliminated of dumping the market at listing. Classic sales & Fair Launches: PALM Community Fair Launch:
The PALM Community Fair Launch will take place as the first sale on the brand new PalmPad from 20th September 2022 to 29th September 2022 at 12:00 PM UTC. You can purchase PALM only with BNB during those 3 Days. After the 3 Days on 24th September 2022, PALM will be listed on decentralized exchanges first with 2x of the latest average price given on the Community Fair Launch.
Total Allocation | 100,000,000 PALM |
Initial Supply | 10% of Total Token Supply |
Price | AVG. Price (is calculated during the sale) |
Cap per Subscriber (Subscription) | No Cap |
Token Vesting Period | 25% at TGE / 75% over 90 days daily - starting day 30 after TGE |
Token Type | BNB Smart Chain |
Token Distribution | During the Distribution Period |
For users participating in the Community Fair Launch: Your final allocation of PALM = (The amount of BNB you deposited into the pool: Total deposited amount of BNB by all participants) * 100,000,000 PALM that has been allocated to the Community Fair Launch.
After completion of the Community Fair Launch and the determination of the average price for each user, the corresponding amount of PALM will be allocated to each participant. After TGE, PALM tokens can be claimed on the "Vesting" page.
At the end of the deposit period, on September 29, the share of the entire pool will be calculated for us to know exactly who invested how many ( %) BNB into the pool.
At the official platform and token launch on September 30, the following 2 actions will be performed by the "Fair Launch Pool":
Add initial liquidity: Approximately $500.000 in BNB paired with exactly 10,000,000 PALM tokens. This sets the Listing Price to $0.05.
Add additional liquidity: In the next transaction, BNBs from the fair launch pool are used to increase PALM's liquidity on the open market (Pancakeswap), which immediately drives up the price. The price is now referred to as the "listing price." From now on, the token can be traded on Pancakeswap.
Stress-free. The deposit pool for the Community Fair Launch is open for 3 days.
Completely fair and equal. Every participant will get the same price.
The listing price that everyone who didn't participate in the Community Fair Launch can buy is exactly 2x higher than the average price of all participants.
No need to worry about sniper bots, slippage, gas fees, or a fast internet connection.
Frequently Asked Questions
