News from the FAME Coin Development team on February 25, 2022
How to Participate in $FAME Token Launch Auction on Copper
Fantom Maker will hold an Auction on Copper starting on
February 28th, 14:00 UTC.
All raised auction funds will be used to create deep liquidity for $FAME LP token (Locked Lp and Market Making)
We wanted to choose a way that would enable fair price discovery, allow everyone to participate, and not benefit bots or large whales. The Auction aims to decentralize token ownership, and this will be an opportunity for everybody to get their hands on $FAME tokens.
A 5% of the $FAME total supply will be added to the LBP pool and at the conclusion of the sale, purchased tokens will be unlocked without vesting.
This will allow auction participants on Copper to find a fair price at launch and not exposed themselves to the price of previous fundings rounds. There is no minimum or maximum purchase limit, no KYC required, and no regional restrictions.
Copper Launch provides an innovative solution for token auctions that is decentralized, permissionless, and hence is able to be used by all. Copper Auction is a token launch mechanism, enabling wider token distribution while preventing bots from front running and whales from dominating the launch. Copper Launch works by utilizing the balancer pool approach of an unequally weighted pool that then seeks to obtain equilibrium over time. In effect, this causes a decaying price only if no buys are completed over time.
It’s up to individuals to determine when they believe the price becomes fair and they are ready to purchase. Price decreases during low demand, and increases during high demand.
In conclusion, an individual can freely purchase $FAME at any price they see fit, and that is the price they get. Eventually, the price will settle at a price the market as a whole finds most suitable.
$FAME tokens on Copper will be credited to your wallet when purchased. Please note, $FAME tokens on ETH network will be a frozen version.
This is to prevent LPs creation and malicious acts. $FAME token will not be listed on the ETH network.
You will receive an equal amount of $FAME tokens (fully unlocked) in the same wallet on FANTOM network at listing day .
Connect your wallet to the Copper Launch and select $FAME Token Copper Launch Auction Link in Curated LBPs List
4. Buy $FAME Tokens
The first step is to approve the token swap transaction. Press the Approve USDC spending button and approve the transaction in your wallet. (ETH required for Gas fees)
Enter the USDC amount you want to purchase $FAME for.
Press on Buy.
If you accept the ETH gas fees, press Confirm. The transaction is now submitted to the network for approval.
If the transaction was successful, $FAME will be in your wallet.
$FAME tokens on Copper will be credited to your wallet when purchased. Please note, $FAME tokens on ETH network will be a frozen version.
This is to prevent LPs creation and malicious acts. $FAME token will not be listed on the ETH network.
You will receive an equal amount of $FAME tokens (fully unlocked) in the same wallet on FANTOM network at listing day . — — — — — This is a Guide on How to purchase on Copper Launch. Not a Financial advice always DYOR.
Fantom Maker is designed to be the strongest yield product on Fantom blockchain. Fantom Maker ties traditional yield farming with launchpad opportunities, creating a single platform to both farm and participate in the best Fantom launches. The launchpad is a tierless system. Every holder will get a part of the allocation of the projects. This ensures a flattened but assured yield for all.
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