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  1. Tokenomics
  2. Neptune Token (NEP)

Neptune IDO Event

Neptune IDO Event:

The highly anticipated NEP Token Sale is set to take place over a 4-day period from December 19 to December 23, marking a significant milestone for the Neptune ecosystem. Conducted as an Initial DEX Offering (IDO) through Liquidity Bootstrapping Pools (LBPs), the event is designed to ensure efficient price discovery and fair token distribution.

Key Details of the Sale

  • Token Allocation: 1,000,000 NEP

  • Price Range: $1.00 to $0.1

  • Claimable/Locking Ratio: 20% immediately claimable, 80% locked (maximum lock duration: 1 year)

  • Start Date: December 19, 2024

  • Duration: 4 days

Benefits of the LBP mechanism include, but are not limited to:

  • The LBP mechanism introduces a dynamic pricing model, beginning with a higher initial token price that decreases gradually over time. This approach enables participants to purchase tokens at price points they deem fair, fostering transparent price discovery while encouraging widespread community involvement.

  • The innovative structure of LBPs helps to mitigate the effects of large purchases by whales, ensuring that all participants have a fair opportunity to acquire NEP tokens. This format not only establishes a fair market value for NEP but also promotes equitable token distribution to support the long-term growth of the Neptune ecosystem.

  • The NEP Token Sale presents a unique opportunity to become a part of Neptune’s journey as the premier decentralized exchange (DEX) on the Swell Network. By purchasing NEP tokens during the sale, participants can secure their stake in the future of decentralized finance, benefiting from Neptune’s cutting-edge features and governance model.

How to participate in NEP IDO Event

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Last updated 2 months ago