TotemFi Announces New Partnership with Launchpool
In a move which will make the TOTM token launch even more fair and inclusive, we’re partnering with Launchpool to take advantage of their innovative new Pop-Up-Pools concept. This move will allow us to democratise our private sale round even further, and ensure we’re serving all stakeholders equally.
Launchpool’s Pop-Up-Pools (PUPs) are a first ever for the world of decentralized launchpads, and bring private tier pricing to the wider crypto community. $LPOOL token holders who stake into the PUP will receive a TOTM holding token as reward, which will be able to be swapped for real TOTM tokens at a later date, giving investors access to our private sale price of $0.170.
This partnership will allow us to provide our early investors with another route to market access for TOTM, and represents a commitment to TotemFi and Launchpool’s joint values of openness, fairness, egalitarian investing, and equitable token distributions. We’re also very thankful to Alphabit, who have offered their own strategic sale allocation of TOTM for this endeavour.
Guidelines for the First PUP
The pool will launch in a few days and run for a period of 2 days (48 hours), at the end of which the pool will be retired, and holding tokens will cease to be issued. The PUP will also present LPOOL token holders with an interesting economic decision — they must decide between either farming for more LPOOL tokens in the existing pools, or “allocation mining” in the PUP.
Participants in this PUP must not move their holding tokens from the address where they first receive it! The swap for the real TOTM token will be done in accordance with our vesting schedule, and moving the token to a different address could result in loss of your entire allocation. The holding token has no value other than its ability to be swapped at a later date for the real TOTM tokens.
The complete detailed guidelines for participating in our first PUP will be released in the next few days, so if you’re planning to participate, make sure to check our announcements on Twitter and Telegram every day.
N.B: The $10,000 (58,823.5 $TOTM) allocation for this endeavour has come from Alphabit’s own strategic sale allocation, and will be vested in Launchpool’s smart contract for 5 months, in accordance with the vesting schedule of TotemFi’s strategic sale round.
Launchpool ($LPOOL) leverages communities, knowledge, expertise, contacts and capital to provide crypto projects with the best possible start to life, maximising their chances for success in this fast moving & dynamic space.
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Thanks for reading,