BitSwap & Ladder Jointly Launches $AMMX On Bounce Launchpad: “Two Birds, One Stone”
Bounce Brand is excited to introduce an innovative launchpad concept, designed to support two projects in jointly launching a single token. The first project of these two projects is BitSwap, the first cross-chain swap for BRC20 and Bitcoin Ecosystem. The other project involved is Ladder, a decentralized AMM protocol that offers instant liquidity for NFTs. These two projects have collaborated to launch a new token, $AMMX, on the Bounce Launchpad.
This collaborative approach, symbolically referred to as “Two Birds, One Stone,” aims to transform the token launch experience. It focuses not only on the successful launch of the token but also on ensuring its long-term value and utility across multiple platforms.
The $AMMX Token Launch is scheduled to be live on Bounce Launchpad from 12/24/2023 4AM UTC to 12/28/2023 4AM UTC. A total supply of 1,050,000,000 will be allocated to 3 auction pools: An $AUCTION Staking Pool, a $DAII Staking Pool, and a $MUBI Random Selection Pool. Let’s dive into all the details about the $AMMX Token Launch.
What is BitSwap?
BitSwap Protocol is the first cross-chain swap for BRC20 and Bitcoin Ecosystem, offering a seamless trading experience for BRC20 assets across diverse blockchains. As the premier liquidity hub for the Bitcoin ecosystem, BitSwap enables effortless and secure cross-chain transactions through collaboration with Multibit Bridge and DAII stablecoin powered by BitStable. BitSwap is dedicated to providing multi-chain users with easy access to the vast Bitcoin ecosystem, enhancing their trading journey with unparalleled convenience and efficiency.
What is Ladder Protocol?
Ladder is a decentralized automated market maker (AMM) protocol that offers instant liquidity for NFTs, supporting a wide range of standards including ERC-721, ERC-1155, ERC-3525, ERC-20, as well as bridged BRC-20 tokens. Ladder enables users to seamlessly enter NFT trades (via liquidity pools), eliminating the need for a peer-to-peer counterparty.
Focused on channelling liquidity where it’s most needed, Ladder has established a leading position as the go-to NFT AMM for GameFi assets. Now, Ladder is at the forefront of innovating cross-chain NFT swap functionality for the Bitcoin ecosystem.
New Rules For The $AUCTION & $DAII Staking Pools
The $AUCTION and $DAII Staking Pools are introducing a new rule that innovatively changes how $AMMX token allocations are determined. This new system integrates both the amount of tokens staked by a participant and the duration for which these tokens are staked. The aim is to create a more equitable distribution process, where both early and significant contributors are rewarded appropriately.
To understand this new rule, let’s delve into the underlying formula:
1. Total Raise (a): The total amount of tokens the project aims to raise.
2. Start Time (ts): The commencement time of the staking period.
3. End Time (te): The conclusion time of the staking period.
4. User’s Staking Time (t0): The specific time when a user stakes their tokens.
5. User’s Staked Amount (a0): The amount of tokens a user stakes.
6. User’s Weight (w): Calculated as w = (te — t0) *a0, a metric combining staking duration and amount.
7. Effective Total Staked Amount (a1): Determined by a1 = sum(w) / (te — ts) , representing the weighted sum of all stakes over the staking period.
Based on these elements, token allocation is managed in two scenarios:
1. If a1 >= a: User allocation = w * a / sum(w). This scenario favors those who stake early, as their duration of staking contributes significantly to their weight, thereby balancing against the total pool weight.
2. If a1 < a: User allocation = a0 * a / sum(a0), making it directly proportional to the amount staked, irrespective of the staking duration.
To illustrate these scenarios, consider the following examples:
- Scenario with a1 >= a: Suppose a project needs to raise 100 Tokens. User A stakes 100 Tokens right at the start, and User B stakes 10,000 Tokens just before the end. According to the formula, both users receive an allocation of 50 Tokens each. This highlights how the time factor creates a level playing field, rewarding early stakers.
- Scenario with a1 < a: In a situation where the project aims to raise 1000 Tokens, and User A stakes 100 Tokens at the beginning while User B stakes 10,000 Tokens just before the closing, the allocations reflect their staked amounts. User A receives 9.9 Tokens, and User B gets 990.1 Tokens.
This new rule in the $AUCTION and $DAII Staking Pools signifies a strategic shift towards a more nuanced and balanced token allocation system, encouraging both early participation and substantial contributions.
$AMMX Token Launch Details
$AUCTION Staking Pool
📍: https://app.bounce.finance/launchpad/ammx-auction
-Time: 12/24/2023 4AM UTC ~ 12/28/2023 4AM UTC
-Blockchain: Ethereum
-Total Raise：$450,000
-Token Supply: 472,500,000 $AMMX
-Staking Ratio (with $AUCTION’s price estimated at $35): 0.00002721 $AUCTION per $AMMX
-Total Raise in $AUCTION: 12857
-Guide: https://docs.bounce.finance/bounce-staking-auction-user-guide
$DAII Staking Pool
📍: https://app.bounce.finance/launchpad/ammx-daii
-Time: 12/24/2023 4AM UTC ~ 12/28/2023 4AM UTC
-Blockchain: Ethereum
-Total Raise：$450,000
-Token Supply: 472,500,000 $AMMX
-Staking Ratio: 0.00095 $DAII per $AMMX
-Total Raise in $DAII: 450,000 $DAII
-Guide: https://docs.bounce.finance/bounce-staking-auction-user-guide
$MUBI Random Selection
📍: https://app.bounce.finance/launchpad/ammx-random
-Time: 12/24/2023 4AM UTC ~ 12/28/2023 4AM UTC
-Blockchain: Ethereum
-Ticket Price: 2173 $MUBI per ticket (with $MUBI’s price estimated at $0.23)
-Token Amount/Ticket: 525,000 $AMMX per ticket
-Total Ticket Amount: 20000 tickets
-Winner Amount: 200 tickets
-Token Supply: 105,000,000 $AMMX
-Total Value: $100,000
*We would like to kindly remind all participants to carefully review all pertinent information about BitSwap, Ladder, and the guidelines for participating in the $AMMX Token Launch. Considering the volatility of market prices, we advise making well-informed, strategic decisions.
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.
Links👇
Website | App | Docs | Telegram Announcement | Telegram Community | X(Former Twitter) | Medium | YouTube | Discord | Zealy | LinkeIn
