Open Info is excited to announce the upcoming fair launch of our token this month. We believe in transparency, equality, and community-driven growth. In this blog post, we will explain what a fair launch is, our goals for this launch, how and when it will be announced, and how you can participate.
What is a Fair Launch?
A fair launch is a concept rooted in decentralization and community involvement. It means that the token’s contract will be minted, tokens locked/allocated, and trading enabled on a random date within a specified window. A heads up will be given shortly before the contract address is shared.
For Open Info, this window is during the 23rd of October on Uniswap. Expect the contract address to be announced via Telegram and Twitter.
The Goals
The goal is to raise funds and get everyone to ape in simultaneously, whilst minimising the advantages that some gain through sniping/bots.
- Equal opportunity: Our primary aim is to provide equal opportunities for everyone to buy into the project. We want to create a level playing field for our community.
- Fee farming: The fees farmed from this launch will be used to fund Open Info’s roadmap, including the development and refinement of VRFD as well as marketing efforts to grow the product’s reach.
When to be ready
The exact launch time will be announced randomly on a given hour during the launch window. This randomness helps minimize sniping advantages and combats bots. Additionally, the first few blocks will be subject to taxes, which will gradually decrease from 99% down to 5% during the warm-up period.
How to Participate
- Join our Telegram: Stay tuned to our Telegram channel for updates, including the contract address.
- Buy after the warm-up period: To avoid the initial high taxes, we recommend buying after the warm-up period when fees have reached 5%. Early buyers may be taxed heavily but will have an early stake in the project.
- Understand Risks: Be aware of the risks involved, especially during the early stages when taxes are high. It’s essential to make informed decisions.
Security and Transparency
Rest assured, our source code will undergo a thorough audit, and any necessary address amendments will be made post-launch. Applicable tokens will be locked or distributed after minting and before swap functionality is enabled.
Warm-up Period Scenarios
To outline the risks involved we have created the following three scenarios of buying during the warm-up period at different tax percentages. It is important to note that the tax will be decreasing stepwise over roughly 6 min and will vary between 99, 50, 30, 10, and finally 5 percent.
99% Tax:
In this scenario, there are:
- 80k OIT paired with 3 ETH, which means
- 1 OIT = ~0.06 USD.
With a buy of 100 Tokens, users will receive 1 OIT @ 0.02 ETH.
50% Tax:
In this scenario, we assumed several buyers have entered and the number of tokens available decreases to:
- 23k OIT paired with 10.4 ETH, making
- 1 OIT = ~0.72 USD.
With a buy of 2 Tokens, users will receive 1 OIT @ 0.001 ETH.
5% Tax:
In the final scenario, there is only:
- 10k OIT remaining and the pair has increased to 22.7 ETH.
- At this point, the tax has significantly decreased, making it attractive for participants to enter 1 OIT @ 0.0024 ETH
Evaluation
Given that 6% of the total supply of OIT has been presold [and locked away for 6 months] at 30k USD, the value of OIT is estimated at 0.03 ETH/OIT. Therefore, OIT’s future-valued market cap is 500k USD. However, the real-valued market cap at launch is ~6k USD.
Stay tuned!
Open Info is committed to fostering a fair, transparent, and community-driven ecosystem. We invite you to join us on this exciting journey, participate in the fair launch, and help shape the future of our project. Stay tuned for further announcements and updates on our Telegram channel.
