Fair Launch
MartianSwap's goal is to start our project with a FAIR LAUNCH. Fair and transparent for everyone.
Farming Start Block: #7929000
Estimate Target Date: Tuesday, Jun 01 2021 18:00:11 GMT-0400 (Eastern Daylight Time)
No Pre-Sale, No Pre-Mint for Team
Emission Rate 50 MARTIAN/block
PancakeSwap liquidity will be added at the farming start
Before farming starts, you can deposit your tokens to any farms or pools in advance. But there will be no farming rewards until the start.
The dev team will only mine 250,000 MARTIAN to seed the liquidity pools and for marketing and Twitter contests.
The starting price of 1 $MARTIAN will be $0.013333 at token launch time.
But the question is... what is a fair launch?
We have spent hours on the drawing board brainstorming scenarios that benefit all token holders, stakers and farmers. We want to make sure anyone in our pools and farms are not exposed to a high risk dump which is a typical scenario with most launches (detailed below).
The typical scenario we have witnessed across many yield farming project launches is that whales (high net worth individuals) enter into various farms and pools with large amounts of tokens. Since farms always offer a very high initial APY as the Total Value Locked is building up (APY and TVL are inversely proportional). As the price of the token increases, whales can quickly dump their tokens resulting in elevated sell pressure, which can quickly tank the price.
With this in mind, we will be launching with a few measures we believe will mitigate instant price mooning and dumping as well as maintain high APYs for farms and pools.
1 - Adding MARTIAN tokens to farms and pools before launch.
175,000 MARTIAN will be pre-minted and will be used to provide liquidity and fund the initial farms and pools
75,000 MARTIAN will be pre-minted and sent to a wallet address for marketing purposes.
2 - Increasing token allocation for each pool and farm
Our goal is to start with a low allocation for each pool/farm and gradually increase allocation over the first few weeks. We will diligently monitor APYs during the launch and progressively increase them until they reach out final allocation amount.
Pools :
MARTIAN
BNB
CAKE
Farms :
MARTIAN/BUSD LP
MARTIAN/BNB LP
BNB-BUSD LP
We believe this will help to maintain high APYs to first farmers entering the MARTIAN ecosystem and avoid whales to hold large amount of tokens with a high risk of dumping the MARTIAN token price. We have also but into place ANTI WHALE measures
Note :
This is an experimental launch but we believe this will provide the best value for the community long term.
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