Over the last few months, the AshSwap team has been working hard on building the features and expanding the community where people can join and give feedback on our testnet version.
We’re thrilled to officially announce that the IDO for our native ASH token will be on the Maiar Launchpad this month. It’s really an honor for us to become the 4th project here.
Token Sale Details
The IDO will be taking place on October 25, 2022, which will be an opportunity for the public to get in on the ground floor of our project. Things are about to heat up, and we invite our community to join us for the ride!
All up-to-date information can be found here on the Maiar Launchpad, including links to KYC and register: https://maiarlaunchpad.com/ashswap/kyc-guide
Here’s a glance at the key information regarding the token sale:
- Available Tokens for Sale: 70,000,000 ASH (7% of total supply)
- Total Raise: $2,800,000
- Price per Token: $0.04 / ASH
- Total Token Supply: 1,000,000,000 ASH
- Initial Token Supply: 60,000,000 ASH
- Token Sale Format: Lottery
- Verification Method: KYC
Details regarding the rationale and token metrics can also be found here: https://maiarlaunchpad.com/ashswap/rationale
Lottery Information
If you knew about Maiar Launchpad before, you must familiar with this lottery format where you will be selected randomly for the sale & record EGLD balances, which will need to be staked or delegated in order to qualify. You will need an Elrond-supported wallet with a certain amount of holding EGLD in order to enter, allocation sizes are aligned with a tiered system as below:
Main Timeline
You can find the main milestones below:
- Oct 12, 2022: EGLD Snapshots and KYC verification begins
- Oct 21, 2022, 11:00 UTC: KYC submissions end
- Oct 21, 2022, 23:59 UTC: EGLD staking snapshots complete
- Oct 24, 2022, 16:00 UTC: 24-hour period for eligible users to purchase lottery tickets
- Oct 25, 2022, 16:00 UTC: Ticket buying closes — winning tickets announced and users can claim launchpad token, as well as claim unspent EGLD
- Oct 26, 2022: Price Discovery
- Oct 27, 2022: Add Liquidity
- Oct 28, 2022: Swaps Enabled
We will update the news on our social media channels and also on this Medium. Please stay tuned & wait for our update!
Why Maiar Launchpad?
Elrond’s Maiar Launchpad is always the first choice for every project built on the Elrond ecosystem; which will allow projects that launch on it the ability to access decentralized funding from the platform itself while also gaining access to Elrond’s vast ecosystem consisting of investors and community partners. This will also allow us to leverage the Elrond blockchain, its technology, and the ecosystem to achieve Elrond’s vision: Onboarding the next billion users resonates with ours the most.
ASH Token Utility
All AshSwap’s solutions are obviously designed to solve the remaining problems: Trading Stables, Capital Inefficiency, and Token Inflation; but ASH’s use cases and game theory are always put in priority to not only make AshSwap thrive but also sustainable.
Token Utility:
- Revenue Sharing
- DAO Voting Right
- Farming Yield Boosting
- Stablecoin Minting Fee (coming)
This helps:
- Reduce selling pressure & create constant buying pressure
- Bring benefits to long-term holders
- Create revenue stream
