$BDID Token Launch Recap
This week marked an important milestone in the digital identity space with the collaboration between Bounce and GoDID, a leading DID marketplace aggregator and incubator of BDID specializing in Ordinals DIDs. The much-anticipated launch of BDID’s native token, $BDID, successfully took place on Bounce Launchpad, starting from 1 PM UTC on December 15th and wrapping up by the same time on December 17th. The launch was structured around three auction pools, with a total supply of 400,000,000 $BDID tokens allocated for distribution. This article presents a comprehensive recap of the $BDID Token Launch on Bounce Launchpad. Let’s dive into the details!
$AUCTION Random Selection Pool
Participation Rules
In the $AUCTION Random Selection Auction Pool on Ethereum mainnet, 100,000,000 $BDID tokens were allocated. The Bounce Random Selection Auction is an auction mechanism where participants buy entry tickets, and winners are randomly selected by our onchain smart contract. For the $BDID Token Launch, 20,000 entry tickets were available, with 150 winning spots. The large number of tickets aimed to reduce the likelihood of bots/scripts monopolizing the tickets. Our smart contract also made sure that each account could only buy one ticket. Each entry ticket cost 62.5 $AUCTION, and each winner receives 666,666 $BDID tokens.
Auction Results
The $BDID Random Selection Pool was live from 12/15/2023 1PM UTC to 12/17/2023 1PM UTC. After the participation period ended, the smart contract fetched a random number from Chainlink. The contract then generated the winning list using this number. Our server calculated the merkle root of the winning list and wrote it to the contract, enabling users to claim their BDID using this proof. For transparency, the Chainlink random number retrieval hash and the Bounce contract hash were publicly shared:
Chainlink random number retrieval hash: allocations.0xf160677f2747479272bea5696bcdbdc8b4a209e0fca4b68508111aeee12072b4
Interaction between Bounce smart contract and the Chainlink random number hash: 0x8f08e205921efa2a028837dc3fc4c5532c2ab850c991127fad25b071a6f97e84
The final winner list was published on the Launchpad page, where winners could claim their $BDID.
$AUCTION Staking Pool
Participation Rules
200,000,000 $BDID were allocated to the $AUCTION Staking Pool, with the total subscription raise set at 18,750 $AUCTION. During the Subscription Period (12/15/2023 1PM UTC ~ 12/17/2023 1PM UTC), participants can engage through committing $AUCTION tokens. Each participant’s token allocation is calculated based on their committed amount of $AUCTION. Once the Subscription Period ends, our smart contract deducts the corresponding $AUCTION from each participant’s account and return any extras.
Auction Results
A total of 1,061 participants committed 1,931,270 $AUCTION. After the subscription period ended, participants could view and claim their proportional $BDID allocations and any refunded $AUCTION on the Launchpad page.
$DAII Staking Pool
Participation Rules
100,000,000 $BDID tokens were allocated to the $DAII Staking Pool, with the total subscription raise set at 150,000 $DAII. $DAII is a Bitcoin ecosystem asset-backed stablecoin powered by BitStable, redeemable by staking $ORDI and $MUBI. Participants committed $DAII during the Subscription Period, with token allocations based on their committed amount.
Auction Results
There were 104 participants who committed a total of 27,026,300 $DAII. Once the subscription period ended, participants could see and claim their proportional $BDID allocations and any refunded $DAII on the Launchpad page.
$BDID Post-Launch Updates
Following the launch, $BDID is now listed on Uniswap, with its trading volume on DEXs exceeding $12M. $BDID is also listed on MultiBit, the first-ever dual-sided bridge for BRC20 and ERC20 tokens, allowing users to stake $MUBI and $AUCTION to earn $BDID.
In summary, the successful launch of $BDID on Bounce Launchpad demonstrates a significant step forward in the world of digital identity and decentralized finance. The detailed organization of the auction pools and the transparent processes employed reflect Bounce’s commitment to enhancing token launch process. As $BDID integrates into the broader crypto ecosystem, it stands as a promising example of innovation in digital assets and identity solutions.
About Bounce Brand
Bounce Brand is a prominent decentralized platform dedicated to delivering advanced BTC Appchain, onchain auctions and decentralized finance(DeFi) innovations, all tailored for the Bitcoin ecosystem. Committed to harnessing and expanding Bitcoin’s potential through DeFi solutions, Bounce Brand strives to empower transformative growth within the blockchain landscape.
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