Meta Network Will do a Price-Raising Crowdpool on DODO on April 16th
Dear Meta Network community users:
Meta Network (META) will do a price-raising crowdpool on DODO and trading will open afterward. A total of 210,000 META will be crowdpooled this time.
Crowdpooling details:
Token name: META
Crowdfunding form: Price-Raising Crowdfunding
(That is, the cost of crowdfunding will follow the price curve, showing an upward trend. The price curve uses DODO’s PMM algorithm, and the cost of crowdfunding will increase as the amount of participated tokens increases)
Token contract address:0x8807e69dC04155AF64172Cd6f0B4738F8068D0D4
Total number of tokens in the crowdpool: 210,000 META
Initial price: 1 META = 10 USDC
Participation time:
Open at 13:00, April 16, 2021, Singapore time
Ends at 15:00, April 16, 2021, Singapore time
(14:55–15:00 is the cooling-off period)
After the end, you can receive the token share to the wallet, and DODO will open the META/USDC transaction at the crowdpooling price.
Note: After the conclusion of the Crowdpooling (English Auction Version) campaign, META tokens will be immediately sent to each participant’s wallet. DODO will then make the META/USDC trading pair available for public trading.
Liquidity protection period: 30 days
*Personal hard cap and the total hard cap will be announced on the day of the event. Please refer to the information on the event page of the DODO platform.
Additional Notes on Crowdpooling:
1. Do NOT send tokens or interact with the Crowdpooling contract address before or after the Crowdpooling. Your tokens may be lost forever and DODO is not liable for any asset losses due to user contract interactions outside the Crowdpooling period.
2. You can freely adjust your Crowdpooling stake amount at any time before the Crowdpooling ends.
3. If the participants’ total staked amount is below the Crowdpooling hard cap, all participants will normally receive tokens (i.e., the number of tokens received = the amount participants staked / token price). The leftover tokens will be put into the market-making pool and become available for spot trading.
4. If the participants’ total staked amount is over the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool at the initial offering price. Any difference between the amount participants staked and the tokens’ actual cost (i.e., token price * the number of tokens received) is then refunded back to participants.
5. Participation in Crowdpooling is NOT risk-free. DODO is not liable and will not be offering compensations for any asset losses caused by factors such as project mismanagement, arbitrary and/or malicious token minting, and secondary market manipulation. Cryptocurrencies are a high-risk asset class, so please always proceed with caution and beware of various risks
About DODO
DODO is a decentralized exchange platform powered by the Proactive Market Maker (PMM) algorithm. It features highly capital-efficient liquidity pools that support single-token provision, reduce impermanent loss, and minimize slippage for traders.
URL: https://dodoex.io/
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