Overflow Presale
Last updated
Last updated
The Lancelot DEX token sale will be conducted in two presale rounds:
First round: Overflow Presale with native token, $LAKE.
Second round: Offering derivative token, $xLAKE.
Absolutely, let's clarify this part. Consider the following:
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Fundraising Goal
We aim to reach a fundraising goal of 30 ETH, which will set our Fully Diluted Market Capitalization (FDV) at an estimated $1.6 million.
Initial Market Cap
At the start, our actual Market Cap (MCap) will be approximately $75,000. This depicts the initial circulating supply's value at the listing price.
Day 1 Projected Capitalization
Based on our fundraising, we project that we will reach a total capitalization of 100 ETH on day 1 after listing. With this capitalization, we would achieve an FDV of $3 million.
In the Overflow Presale, a unique form of crowdfunding, we've set a maximum fundraise or hard cap. Notably, should the amount raised exceed this hard cap, the surplus tokens are evenly distributed amongst contributors, and any remaining balance is refunded.
Token for sale: 15 million $LAKE
Soft cap: $20,000
Hard cap: $200,000
Price: $0.01333333333
Venue: TBA
Post-public round, the Fully Diluted Valuation (FDV) is projected to be $1,333,333.33.
There are two milestones for this sale:
Soft cap reach: With this milestone, only 1,500,000 $LAKE tokens are sold. This low number of tokens keeps dilution minimal, at 2%.
Hard cap reach: Contrarily, with this hard cap, a total of 15,000,000 $LAKE tokens will be offered through the sale. Consequently, the dilution is considerably greater, at 15%.
Stay tuned for more information!
The token presale price will be set at $0.01333333333 per $LAKE. This price is based on the following factors:
The current market capitalization of similar decentralized exchanges.
The expected demand for Lancelot DEX.
The need to raise $200K in the presale.
