IDRISS is a proudly self-funded project. Instead of the typical reliance on venture capital to provide liquidity, we are crowdsourcing it directly from the community. Bootstrapping liquidity from a large group of people who believe in the project creates a community-driven foundation for the token.
Sale Details
For sale: 5% of the total token supply
FDV (Fully Diluted Valuation): $30M
Price per token: $0.03
Dates: 12:00 PM UTC, January 6, 2025 – 11:59 PM UTC, January 10, 2025
Cap: the sale ends early once 5% of the total token supply is sold
Sale Mechanism
The sale works similarly to a fixed-price sale. We use a single-sided liquidity mechanism based on Uniswap v3, where only IDRISS tokens are added to the liquidity pool, and buyers pay in USDC. The liquidity range will be set minimally around 0.03 USDC/IDRISS, creating a price floor and ensuring price stability throughout the sale.
During the sale, IDRISS DAO will actively manage the liquidity. Once certain milestones are reached, liquidity will be withdrawn to create a full-range UniV3 IDRISS/ETH pool, ensuring uninterrupted trading. The IDRISS token portion of the withdrawn liquidity will be returned to the single-sided liquidity pool, which will remain minimally set around 0.03 USDC/IDRISS.
Post-Sale
The entire 100% of the USDC proceeds will be swapped for ETH and added to a full-range UniV3 IDRISS/ETH pool, along with the IDRISS tokens reserved for liquidity. This opens the market for trading on Uniswap and DEX aggregators like Jumper.
FAQ
What is the purpose of the sale?
IDRISS is a proudly self-funded and community-owned project. Instead of the typical reliance on venture capital to provide liquidity, we are crowdsourcing it directly from the community. Bootstrapping liquidity from a large group of people who believe in the project creates a community-driven foundation for the token.
What is the supply available in the sale?
5% of the total token supply will be publicly sold during the sale.
How can I participate in the sale?
You can participate by buying IDRISS tokens on Uniswap or Jumper during the sale. The sale will run from 12:00 PM UTC on January 6, 2025, to 11:59 PM UTC on January 10, 2025, or until 5% of the total token supply is sold.
What is the sale mechanism?
The sale works similarly to a fixed-price sale. We use a single-sided liquidity mechanism, where only IDRISS tokens are added to the liquidity pool, and buyers pay in USDC. The liquidity range will be set minimally around 0.03 USDC/IDRISS, creating a price floor and ensuring price stability throughout the sale.
What happens after the sale ends?
100% of the USDC proceeds from the sale will be swapped for ETH and added to a full-range UniV3 ETH/IDRISS pool, along with the IDRISS tokens reserved for liquidity. This opens the market for trading on Uniswap and DEX aggregators like Jumper.
Can the sale end before January 10, 2025?
Yes, the sale will end early once 5% of the total token supply is sold.
How do I access my tokens?
The tokens are immediately available in your wallet after you buy them on Uniswap or Jumper.
How secure is the token sale process?
Uniswap and Jumper are industry leaders in decentralized trading, backed by years of operations. For more details, check their documentation.
Are there any legal restrictions to participating in the sale?
Yes, there are legal restrictions based on your country of residence and other factors. Please review the Terms and Conditions to ensure you are eligible to participate.
