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Whitelist & Presale

Due to community feedback, we have changed our launch strategy. Please, read about it here.

For transparency, you can find our initial plan below.

πŸ“„ How will the presale work?

As you can see in the roadmap, our vision is very ambitious. We plan to integrate all DeFi utilities in one place and bring innovation to you. In order to deliver our plans on time, we need funds to expand our team and speed up the process. We have a lot of experience managing large teams and look forward to putting all our skills to work.
On one hand, a big team requires real funding.
On the other hand, we don't want to sell as much as possible. If we do so, there won't be any buying pressure at launch, which could cause the value of $GLOBAL to drop very fast Btw, we've witnessed this situation happening before with many projects and we want to make sure that doesn't happen with our tokens.
So, what's the best solution? How do we approach this dilemma?

πŸ“Š Soft cap / Hard cap?

In the industry, it's very typical to add a soft/hard cap. Say, many projects limit the maximum amount of presale to 3000 BNB (this is just an example). They fill the 3000 BNB hard cap and consider it a success. Was it? Well, it depends.
Let's consider the example above and three scenarios:
    Scenario A: investors showed interest in buying 3000 BNB. The hard cap was filled.
    Scenario B: investors showed interest in buying 2000 BNB. The hard cap wasn't filled.
    Scenario C: investors showed interest in buying 4500 BNB. The hard cap was filled.

What's the best outcome for all the parties involved?

Clearly, scenario C.
In the first one, the hard cap is filled and it's a success for the team running the project, but no one is going to buy the token once it's launched. The continuous selling pressure might prevent people from recognizing how good the product actually is.
In the second situation, the team got short and there is no more buying interest after launch. It's the worst scenario.
Finally, in the last scenario, the team is happy and the investors will have buying pressure at launch, probably realizing some profits on the way up. The problem is, you can't be certain what the hardcap should be.
Why do you need a hard cap, if the important variable is not how much you raise, but how many people want to buy the tokens?
We believe that, unless it's a small project with not much funding needed at all, setting a hardcap goes against everyone's interest and it's only positive if many variables are in the right place.
We needed a better system. This is why we came up with our whitelist structure. We are extremely confident that the project will kick off and there's no way that we are going to raise so little that the project won't be feasible. We might work more or less fast, depending on our labor power, but we are positive that we will cover the minimum amounts needed to launch and carry on with the project.
On the other hand, we would like to develop our roadmap at light speed. The more funds, the better... because they will be immediately allocated towards hiring different profiles so can start pursuing our goals asap.
Now, the only question remaining is: how do we make sure that there is buying pressure at launch? The answer is: with a whitelist that will filter a percentage of the investors. By using this strategy, the size of our presale won't matter so much because we'll be creating FOMO since we'll leave many investors out. This way, we always achieve scenario C (describe above) and all parties will have the BEST outcome:
    Investors will have buying power at launch.
    The team will raise funds without damaging the project long term.
Following this line of thinking, there is no minimum neither max. allocation. What we care about is how much investment will be left out from the presale to make sure that forces are at equilibrium at launch.
As a side note, we do have a decent budget allocated for the listing days to reach many more new users as well.

πŸ› Private sale

We get asked this question many times.
No, there isn't a private sale where we can have an agreement to give you a good discount if you buy a large amount of tokens or for promoting us.
We are actually amazed by some of the proposals we have received and realized why some projects nuke straight after listing. A big private sale would go entirely against most of the investors and, in the end, against us.
We plan to stay here in the long term and we are not going to lose this opportunity just to secure extra funds from the very beginning. We only did a small private sale before the project was even developed, along with the founder's funds, to have the budget to pay for Audit (Certik), subcontractors, salaries, professional marketing agency and other expenses.
We only gathered the minimum necessary to start the project and we do not accept any extra funding. Please, check our token distribution for further details.
The project is already able to start running by itself and allocating more funds for a private sale goes against everyone's interest. So, let me repeat it: we do not accept private sale. It creates an unfair advantage to most of our investors.
Please, check our whitelist and you'll find different competitions available. If you believe that you can bring many people in, we might be able to improve the 1% investment-back from referrals by a little bit. Please, get in touch with us.

πŸ“… Schedule

We might be slightly flexible here depending on some external factors which we have no control over whatsoever. For instance, when the Certik audit will be actually finished (it depends on their findings), but these are our expectations:
1st to 22nd of September: whitelist registration.
Beginning of October: whitelist presale.
October: public preslae + launch.
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Last modified 10d ago