🚀| METRO Fairlaunch
Last updated
Last updated
The Metropolis Fairlaunch-pad the perfect opportunity to bootstrap the initial $METRO liquidity in an efficient, decentralized and safe way.
The $METRO Fairlaunch is a public liquidity event where users can contribute $S in exchange for $METRO-$S LP tokens, which are to be claimed once the liquidity event ends. The received LP will have the exact same value in $S as the contribution. The $METRO tokens will be used to form the LP tokens and consequently the final token price will simply be determined by the following calculation:
50% of Total $S allocated / Amount $METRO token
With this process, the LP pool for the $METRO token can be safely opened and all Fairlaunch participants pay the same token price without the risk of getting bot attacked in the initial liquidity bootstrapping process.
Total Amount of $METRO distributed: 5.000.000 $METRO 5.000.000 $METRO tokens are allocated to the Fairlaunch contract. Participants can allocate $S tokens to the launch contract over a period of 5 days. The liquidity event has 3 Fairlaunch phases:
The first phase of the Fairlaunch lasts 24 hours and is open to METRONIX NFT holders that joined the preceding snapshot only. Each NFT in the wallet gives an allocation allowance of 3000 Sonic.
The second phase is open without any allocation limit.
The third and final phase starts after the Fairlaunch liquidity event has ended. In this phase the $METRO-$S Liquidity Pool is created and trading is enabled. After a locking period of 24 hours participants can withdraw the $METRO-$S LP token in the Sonic value that they allocated to the Fairlaunch contract.
Everyone participating in the Fairlaunch event receives their $METRO-$S LP token at the same price.
Total Amount of Sonic Raised: 700.000 $S
As soon as this number of 700k $S is hit, the Fairlaunch is sold out and the liquidity event will end. If this happens at any time within the Phase 1 or Phase 2 earlier - the overall Fairlaunch event will end earlier.
The Fairlaunch liquidity event timeline:
PRE METRONIX SNAPSHOT (For PHASE I Whitelist) TIME: January 24th, 2025 @ 3:00 - 4:00 PM UTC
In order to be whitelisted with the allowance of your METRONIX NFT holdings you need to hold your METRONIX NFTs in your wallet during the snapshot.
If you purchase an METRONIX NFT after the snapshot or have your NFT listed for sale on Paintswap, you will not be able to participate in the Fairlaunch with that NFT!
PHASE I START: January 26th, 2025 @ 7:00 PM UTC. END: Sold out or January 27th, 2025 @ 7:00 PM UTC.
The first phase of the Fairlaunch will last for 24 hours and will be open to whitelisted METRONIX NFTs Holders only. The number of METRONIX NFTs held by your wallet determines its allocation limit for the $METRO Fairlaunch. Each METRONIX NFT raises your allocation limit (Number of METRONIX NFTs x 3000 $S).
PHASE II START: January 27th, 2025 @ 7:00 PM UTC. END: Sold out or January 31th, 2025 @ 7:00 PM UTC.
The second phase is open to everyone. There is no whitelist, no spending cap per wallet and no maximum amount per wallet.
PHASE III START: After Fairlaunch sold out OR Fairlaunch has ended on January 31th, 2025 @ 7:00 PM UTC. The third and final phase starts after the Fairlaunch liquidity event has ended. $METRO-$S LP tokens will be created and the $METRO trading starts. Participants receive $METRO-$S LP token in the Sonic value that they allocated to the Fairlaunch contract after a 24 hours lock.
The claimable LP token will be locked for 24 hours and then be claimable from the Fairlaunch page.
Distribution of the allocated $S Token: - 50% goes into the $METRO-$S LP Token - 25% goes into the Metropolis Operations Wallet to be used for salary, audits and marketing costs. - 25% goes to $METRO stakers via the $METRO staking pool. The $S token will be step by step transfered to USDC and sent out to the $METRO stakers over the next couple of months to bootstrap the $METRO staking pool.
