Last updated
Last updated
At the core of the PAPPLE Launchpad lies the principle of “fair launch,” a concept that ensures equal footing for all participants. Avoiding the traditional fixed-price model, our launchpad introduces a dynamic, price discovery period, making the launch an exciting journey of collective valuation.
With 1,250 tokens available for distribution, we invite every enthusiast to commit from as little as 1 USDC, embracing the potential of $PAPPLE without boundaries.
Our launchpad’s doors will open for 48 hours, a window of opportunity for participants to commit USDC to participate.
The value of $PAPPLE will be determined by the following formula:
$PAPPLE Price = Amount Raised / Available Tokens
The launchpad will start on Friday, May 10th, 2024 at 01:00 PM UTC and will end on Sunday, May 12th, 2024 at 01:00 PM UTC.
Following this phase, the initial liquidity — consisting of 100% of the funds raised during the launchpad — will seed the PAPPLE/USDC liquidity pool.
This step not only marks the starting point of $PAPPLE’s journey on the market but also activates the claim process, allowing participants to receive tokens proportional to their USDC commitment.
The launchpad’s conclusion unveils a dual reward: 60% in SEEDS and 40% in $PAPPLE.
Let’s make an example to clarify the whole process: consider a scenario where the total commitment reaches $125,000. The resulting PAPPLE price settles at $100, calculated by dividing the total funds by the available tokens (1,250 $PAPPLE).
Participants like Bob and Paul, who committed 100 USDC and 50 USDC respectively, will receive their shares as follows:
Bob (100 USDC invested): 0.6 SEEDS (60%) and 0.4 $PAPPLE (40%); Paul (50 USDC invested): 0.3 SEEDS (60%) and 0.2 $PAPPLE (40%).
With a capped supply of 250,000 tokens, $PAPPLE’s journey is meticulously designed to balance ecosystem growth with a deflationary trajectory.
Dive in, and let’s craft a flourishing DeFi ecosystem together! 🍍🌴🌊
Through strategic burning mechanisms (you can find all the info ) we ensure $PAPPLE’s scarcity and value appreciation over time. These measures reflect our commitment to the token’s sustainability and the prosperity of TropicalSwap’s ecosystem.
It is with great pride that we unveil the details of our $PAPPLE Launchpad!