First of all, we want to thank all the early adventurers that began this journey with us by participating in the Presale; and we also thank those who didn’t, because it has caused a 6.65% burn of the total supply!
With this we have to review our new numbers:
Total Supply: 622,363,189 $STONE
Total Initial Supply: 455,696,523 $STONE
Every $STONE staker will take part of the 0.1% fee received from all the trading volume generated in StoneSwap, and with the supply shrinking, the rewards just got bigger.
Now, our important topic… the Public Sale.
After a decision making process, we have decided to use Fjord Foundry for our Public Sale Platform. It allows us to create a Liquidity Bootstrap Pool (LBP) which the “first come, first served” term doesn’t apply.
In Fjord Foundry the LBP applies a bigger initial price and begins a continuous decay until it reaches the minimum, but it’s tricky. If people begin buying, the price will go up again and fight the decay, and lower prices could never be found again…
The bottom price will be set as mentioned in the Whitepaper Deck in USD $0.001/STONE, but with everything we have planned we don’t believe it will stay at that level for too long…
How to participate in the Public Sale:
Network: Ethereum Mainnet
Date: Friday, May 26th 11:00 a.m. UTC
Trading: Liquidity Pair will be deployed in Uniswap right after the Sale Ends
Max Cap: None
Min Cap: None
Total Public Sale Tokens: 166,666,666 $STONE
Get ready for some upcoming events too…