Contents
This is a draft. Numbers marked † are proposals and may change before launch. Nothing in this document is an offer to sell anything or advice to buy anything. Section 13 lists the ways this can go wrong. Read it first if you are here for the token.
9. Fair launch
| Total supply | 1,000,000,000 $ELSE†, fixed |
| Decimals | 6 |
| Mint authority | Revoked |
| Freeze authority | Revoked |
| Presale | None |
| Private or investor round | None |
| Team allocation | None |
| Airdrop reserve | None |
| Distribution | 100% sold through a public bonding curve |
| Liquidity | Moves to an open pool when the curve completes, under the launch venue's rules |
| Venue | Announced on the official site before launch |
9.1 What the team does
- The team buys on the open market like everyone else, from one wallet published before launch.
- Team purchases are capped at 3% of supply† and locked for 12 months†.
- The project pays for itself from three places: creator fees paid by the launch venue (if any), the 20% Operations share, and sponsors.
9.2 Before launch
$ELSE does not exist yet. Until the contract address is published on the official site, any token using this name is not ours.
Fair launches attract bots. The first buyers on any public curve will include automated wallets, and we cannot prevent that. What we can do is hold nothing back for ourselves and make every wallet we control public.