👐$VC PRESALE
Similar to the overflow method in every other aspect, “The Overflow Farming Launchpad” has one crucial difference. In the traditional overflow method, early bird contributors could not be rewarded for taking on greater risks. Velocore has taken this into account and allocates bonus $VC tokens for each private and public presale pool. These bonus tokens are provided from our partner protocols / communities amount and are allocated in the same proportion as the total raise amount for each sale (100,000 $VC for the private presale pool and 500,000 $VC for the public presale pool). The allocated $VC tokens for each pool can be farmed as soon as the presale begins and will be distributed over a 24-hour period.
Overflow Farming Launchpad
PRESALE (PRIVATE)
Private presale will be held for partners who have contributed to the development of our community, contributors, and Velcrew members who have obtained whitelist access through various events.
Launchpad Date & Time
Platform: https://app.velocore.xyz/launchpad
Start of sale: 3rd April 2023 — 8pm UTC
End of sale: 4th April 2023 — 8pm UTC
Duration: 24 hours
Format: Overflow Farming
Hard Cap: 90 ETH (4,350,000 VC token | 7.25% of total initial supply)
Price: 0.0000207 ETH per token
Individual cap : 0.001 ETH — 2 ETH
Overflow Farming Pool: 100,000 VC token
PRESALE (PUBLIC)
Unlike private presale, public presale does not have a maximum quota.
In the event that the soft cap is not reached, all remaining tokens will be burned.
Launchpad Date & Time
Platform: https://app.velocore.xyz/launchpad
Start of sale: 4th April 2023 — 9pm UTC
End of sale: 5th April 2023 — 9pm UTC
Duration: 24 hours
Format: Overflow Farming
Hard cap: 450 ETH (19,650,000 VC token | 32.75% of total initial supply)
Soft cap : 100 ETH
Price: 0.0000229 ETH per token
Individual cap: More than 0.001 ETH
Overflow Farming Pool: 500,000 VC token
THE OVERFLOW METHOD
The Overflow Method Presale is a novel token sale mechanism designed to ensure a fair and efficient allocation of tokens during an initial offering.
ADVANTAGES
Some key advantages of the Overflow Method Presale include:
Fairness: All participants have an equal chance to acquire tokens, regardless of their investment size or timing.
Efficiency: The Overflow Method reduces the likelihood of network congestion and high gas fees, providing a smoother user experience.
Transparency: The token allocation process is clear and easy to understand, ensuring trust between the project and its supporters.
Flexibility: The Overflow Method can be adapted to various token sale structures, such as capped or uncapped sales.
HOW IT WORKS
The Overflow Method Presale operates in several stages, as outlined below:
Token Sale Registration: Participants register for the token sale by providing their wallet addresses and the amount they wish to contribute. There may be a minimum and maximum contribution limit.
Initial Allocation: Based on the total amount raised during the registration period, the tokens are initially allocated proportionally to all participants, according to their contribution size. If the sale is oversubscribed, the excess funds will be placed in an "overflow" pool.
Overflow Distribution: If there is an overflow pool, the excess funds are distributed back to the participants proportionally, based on their initial contributions. This process continues iteratively until all tokens are allocated or the overflow pool is empty.
Final Token Distribution: Once the allocation process is complete, participants can claim their tokens by interacting with the token sale smart contract.
By following this process, the overflow method presale ensures a fair and efficient distribution of tokens, minimizing the potential for manipulation or congestion during the sale. This innovative mechanism provides a valuable alternative to traditional token sale models, contributing to a more inclusive and accessible DeFi ecosystem.
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