Our bakery team is very excited to announce our launch on Base Chain via launchpad on our own DEX on 25th August 2023. For more information about our expansion to base, you can refer to our previous article.
Our dex has gone live and you can check us out at https://bagelswap.com/ and you can start forming liquidity to start earning fees.
$BAGEL Launchpad Deets
- Sale start time: ~0300 UTC on 25th August 2023
- Sale end time: ~-0300 UTC on 27th August 2023
- Amount to be raised: US$1,000,000 in $ETH tokens (base)
- Tokens to be sold: 1,000,000,000 $BAGEL (5% of Bagel’s total supply)
- Price per token: 1 $BAGEL = $0.001 USD
- Token Vesting Schedule: No vesting
All unsold $BAGEL tokens will be burnt.
Launchpad site: https://bagelswap.com/launchpad?chain=base
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Method: Unlimited Sale (Conducted via the Overflow method)
There will be no entry requirements for this launchpad.
However, to participate, you will need to have ETH on basechain (you can bridge over via the official Base Bridge — https://bridge.base.org/
What is the “Overflow” sale method?
Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the overflow method, users can subscribe as much they want to the launchpad, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will get back any leftover funds when they claim their tokens after the sale.
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Use of Funds
$1,000,000 USD will be raised in ETH.
20% = will be used to form liquidity with $BAGEL
30% = will be used to buyback $BAGEL to provide price support and price stability over 2 months’ period
50% = will be allocated for team’s expenses and platform development expenses over the next 12 months
*Our team aims to be different from the other dexes on base chain. In order to protect our investors, we have allocated a big portion of the funds raised to be set aside to buyback $BAGEL. This will promote a strong price action which will be beneficial for our users and investors.
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Total supply = 20,000,000,000 $BAGEL
6% = Launchpad + Liquidity Formation
80% = Liquidity Incentive (minted across 36 months)
5% = Team, Operations, Hiring (vested across 12 months)
5% = Marketing, Airdrop, Ecosystem Development, Partnership (vested across 12 months)
4% = Team Reserves, Insurances (vested across 12 months)
*We might reduce/burn some of the supply along the way once our dex becomes self sufficient and require less emission. We aim to be a hyperdeflationary dex.
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For our launch on Base chain, we’re letting our loyal community members secure private sale access. Our VIP supporters are priortized ahead of public sale, assuring assured token allocation. For VIP 6 and above players, we are assigning bonus tokens to you guys, so keep playing! Create your account now at Croissant.Games and level up to get Whitelisted for Bonus tokens!
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For more information/updates, you can follow us on twitter or join our telegram group: