Presale Structure
The presale contract accepts deposits in the reserve asset (e.g. WBNB) and mints a corresponding amount of presale tokens (p-asset) to depositors. The p-asset can be redeemed 1:1 for the corresponding oToken, once the presale is finalized. The contract enforces the following rules:
- Presale price is calculated based on a fixed markup (25%) over the floor price (See the appendix).
- Minimun soft cap is between 20% and 60% of the hard cap.
- Presale duration is between 30 and 90 days.
- If a presale in does not reach the soft cap, the funds will be returned to depositors after 30 days from its expiration.
A presale can be finalized at any time before the end of its duration, as long as the soft cap is reached.
The fixed markup value can be customized on a per-project basis. Please get in touch with the team on Discord in order to discuss the needs of your project.
Example
A founder wants to launch a token with a total supply of 10,000,000 tokens and a floor price of 0.01 BNB. Assuming the following liquidity structure parameters:
- 10% of the total supply allocated to the floor liquidity
The total number of tokens allocated to the floor is 10,000,000 * 10% = 1,000,000. The hard cap is:
floor price * total supply * 10% = 0.01 BNB * 1,000,000 = 1,000 BNBLet's assume a choice of 40% soft cap:
soft cap = floor hard cap * 40% = 1,000 BNB * 40% = 400 BNBThe presale price is calculated as follows:
floor price * (1 + presale markup) = 0.01 BNB * (1 + 0.25) = 0.0125 BNBIf the softcap is met, there will be the following amount of p-assets minted:
soft cap / presale price = 400 BNB / 0.0125 BNB = 32,000 p-assetsThe WBNB balance of the presale contract will be:
32,000 p-assets * 0.0125 BNB = 400 BNBThe amount of liquidity allocated to the floor is:
32,000 * 0.01 BNB = 320 BNBThe total raised by the project founder will be:
total raised = 400 BNB - 320 BNB = 80 BNBAppendix
Formula for computing the presale price:
presale markup = 0.25
presale price = floor price * (1 + presale markup)