DeFi of Thrones
IMPORTANT MESSAGE.
THE UNSOLD DOT V1 TOKENS WILL BE BURNT, EXCEPT THOSE THAT HAVE BEEN PURCHASED AND ARE HELD BY EARLY SUPPORTERS (all details are explained below). THIS MEANS THAT TOMORROW 18th AUGUST, THE UNISWAP POOL WILL BE EMPTIED AND THE REMAINING DOT v1 TOKENS WILL BE BURNT.
PLEASE, SHARE THIS INFORMATION IF (when) SOME OTHER THRONER AT TELEGRAM OR DISCORD IS SURPRISED BY THE REMOVAL OF LIQUIDITY. THIS IS PART OF THE TOKEN SWAP PLAN.
KEEP CALM AND HODL DOT(v1)!
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DOT v1: 0xce4f282bcda329fd8fc55b5b44f10c3b7304bd59
Ticker: DOT (v1)
Decimals: 18
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Hello and thank’s to all the early supporters for being here since the beginning of our path.
Token DOT v1
The token DOT v1, the one actually being traded at Uniswap, will be obsolete and all the liquidity that is not in hands of Uniswap traders will be destroyed.
This includes the Uniswap liquidity itself that will be pulled out and burned. Do not trade the DOT v1 tokens as you will need them to swap them against the DOT v2 tokens (known as DoTx).
Regarding the recent events, as you have probably noticed, there were false accusations done by certain individuals that are totally untruth and we want to come clear about them.
- Some were saying that the DoTx team has been minting tokens and selling them on the market, these accusations are not correct and you can easily verify this on the contrat address by checking the different transactions that have taken place.
- This project was designed without any monetary interest for the team, and only 50,000 DOTx tokens were minted to pay for the expenses generating the smart contract and other first expenses, which transaction you can find here: https://bit.ly/3kLOozc
- Also, we burned 800 million tokens as announced, which can also be verified on the blockchain. Tx: https://bit.ly/3kViBfd
That being said, we made a mistake by not providing enough liquidity for the sale, therefore, producing a large slippage at Uniswap which also brought as consequence an extreme volatility.
To overcome this issue and also be able to do things right, the only possible solution is to create a new ERC20 token and redesign the token model in such way that it will take in consideration all of the early supporters that have deposited trust in our initiative.
The new design will protect the interest of the actual holders of the DOT v1token as we will control the launch price, giving a price advantage to initial supporters and include a small token sale that will allow to add an initial liquidity to Uniswap and be totally transparent in regard of the team and marketing tokens from day 0.
Token DOT v2 (= DoTx)
The token DOT 2.0 (known as DoTx) will be deployed on a new smart contract and the mint function will be locked from inception. Also, a swap window will be opened for early supporters.
The early supporter tokens (DOT v1) are valuated at $0.03, as that was the price at Uniswap before we deployed the new token metrics.
The public sale price will be of $0.045. More details regarding the public sale event will be published soon (Stay tuned!!). Notice that the hard-cap of the public sale will be of $85,500 only.
The price at Uniswap will be of $0.06. 3/4th of the total ETH collected will be allocated to provide liquidity at Uniswap and the liquidity will be announced as locked during the following days.
Token metrics
The total supply of DoTx is fixed at 6,000,000 distributed as follows:
A. Circulating supply = 3,900,000 DoTx tokens:
- 1,000,000 DoTx tokens will be allocated to swap the DOT v1 token of the early supporters. This will be a 1 = 1 swap. (17%)
- 1,900,000 DoTx tokens will be sold on the public sale at $0.045 per token, with ETH pegged at $425. (31%)
- 1,000,000 DoTx tokens will be allocated to provide liquidity to Uniswap. The liquidity will be locked at a later date, this will be announced at Telegram and Discord. (17%)
Total: 3,900,000 DoTx (65%)
B. Additional supply = 2,100,000 DoTx tokens:
- 700,000 DoTx tokens locked and allocated to the team members after 6 months lockup. At the 7th month 50% of the team tokens will be distributed and every following month, 5,5% will be unlocked. (12%)
- 1,400,000 DoTx tokens locked and allocated to future marketing campaigns and partnerships.(23%)
This amount will be unlocked each month on a linear basis over 2 years. That means ~58,333 DoTx per month will be released to support marketing actions.
Total: 2,100,000 DoTx (35%)
The total supply is 6,000,000 DoTx tokens. (100%)
Note that the smart contract will have the minting function locked from day one, so the absolute maximal amount of DoTx token that could ever be in circulation is 6 million.
Regarding the token swap for early supporters
Every holder of the DOT v1 token is considered an early supporter.
You will be able to swap those tokens at a 1 to 1 ratio with the DoTx tokens.
While we cannot technically forbid you to stop trading them, we strongly encourage you to do not trade the DOT v1 tokens anymore.
Thank you for your support. We will keep you posted about the token sale and the swap from DOT v1 to DoTx.
Thanks to have read this article. To stay tuned of the latest news, follow us on:
Twitter: https://twitter.com/DefiOfThrones
Telegram Announcements: https://t.me/dotannouncements
Telegram General Discussion: https://t.me/DeFiOfThronesOfficial
Discord: https://discordapp.com/invite/TZVSnNV
Website: https://defiofthrones.io/
Kind regards,
DoTx Team
