Welcome to the fair launch of Rate Your World Flags tokens!
Last updated: 12.02.2024
Introduction
These terms (“fair launch Terms”) govern your participation in the fair launch of our new tokens on Fjord Foundry , DxSale. By participating in the fair launch, you agree to these terms in full. If you disagree with any part of these terms, you must not participate in the fair launch.
Eligibility
To be eligible to participate in the fair launch, you must:
- Agree to abide by all applicable laws and regulations
- Accept Rate Your World Flags’ Terms and Conditions and Privacy Policy
- Accept Fjord Foundry’s and/ or DxSale’s (the launch platforms’) Terms of Use FF + Privacy PolicyFF , Terms of Use DxS + Privacy Policy DxS
Fair Launch Process
The fair launch phase 1 will take place on the Fjord Foundry Platform use of the LBP Liquidity Bootstrapping Pool method, where tokens will be made available for initial sale. The process is designed to ensure equal opportunity for all participants to purchase tokens at fair price, without pre-allocated tokens set aside for insiders. A second and third round are possible on DxSale when the first round led to some tokens not sold status.
Token Purchase
- Participants can purchase tokens directly from the launch platform during the launch period.
- Unlike batch auctions, where tokens are allocated based on set contributions, potentially allowing large investors to dominate, LBPs provide a more equitable landscape. The pricing in LBPs is dynamic, starting high and then decreasing, allowing you to enter the market at a price point you are comfortable with. This could mean a more fair distribution of tokens to a broader range of participants like you.
- Liquidity Bootstrapping Pools (LBPs) function somewhat similarly to Dutch auctions but offer more interactive dynamics. In a Dutch auction, the asking price starts high and decreases until someone makes a purchase. In an LBP, the starting price also begins high and gradually declines. However, you as a participant can buy in at any point, influencing the price. If buying activity increases, the price might even rise temporarily. This makes LBPs a dynamic and equitable mechanism for you to acquire tokens
- More information about the launch process can be found FAQs – LBP participants.
Use of Funds
The funds raised during the fair launch will be used for the following purposes:
- Building of the initial liquidity pair [country]FT/WETH
- Development of the Rate Your World Flags platform
- Marketing and community building
- Operational expenses and legal compliance
Risks
Participants acknowledge that the purchase of tokens involves risks, including but not limited to the potential for loss of principal and lack of liquidity.
No Guarantee
Rate Your World Flags does not guarantee any specific outcomes from the Fairlaunch or the future value of the tokens.
Changes to Terms
Rate Your World Flags may modify these Fairlaunch Terms at any time without prior notice. Participants will be notified of any changes, and continued participation in the Fairlaunch will constitute acceptance of the new terms.
Governing Law
These Fairlaunch Terms will be governed by and construed in accordance with Swiss law, and any disputes relating to these terms will be subject to the exclusive jurisdiction of the courts of Switzerland.
Contact Information
For any questions or concerns regarding these Fairlaunch Terms or your participation in the Fairlaunch, please contact us at [info@rate-your-world.org].