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Check out White Whale's newest IDO, THE BOOTSWAP!


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There have been a number of token launches on Terra during the past several months. There have been two main problems that have been observed. Firstly, there is a lack of depth in the initial liquidity pools. To the delight of the insiders, this generates an artificially inflated initial price, which is great news for them but terrible news for the retail consumer who missed out on the action. Second, once the token is live, all the liquidity at the initial list price gets sniped by bots in the first seconds, again compelling the retail customer to buy in at higher levels.

White Whale's initial token launch methodology solves these problems at once while also laying the groundwork for its own protocol-owned liquidity initiatives. That's why they're calling it "THE BOOTSWAP."

Now, let's define a BOOTSWAP.
To explain, White Whale is now leveraging the most up-to-date, recently audited, open-sourced LBP code that the Astroport team has generously made available to the public. Launching tokens via an LBP, or Liquidity Bootstrapping Pool, was first used by Balancer and is meant to delay bot activity by setting the token price high and letting it drift down to price discovery over a certain period of time, say 72 hours. Since the LBP team provides the initial liquidity at an asymmetrical ratio, say (98/2 token/stablecoin), the ratio eventually balances out to the target ratio set by the team in the parameters (i.e. 20/80 token/stablecoin), allowing the team to claim the stablecoins and raise capital from the difference.

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While this is the standard procedure, White Whale has adopted a somewhat different strategy. The White Whale team has been making it clear that they want to pursue Protocol Owned Liquidity for some time now, and so the BOOTSWAP event will not involve a token sale or a fundraising effort of any kind. The White Whale team and any incubated organizations will receive zero percent of the proceeds from the event. At the beginning of the LBP event, the team's funds (along with WHALE tokens) will be deposited into the LBP pool, and at the end of the event, when the liquidity pool balances at our predetermined ratio of 50/50 UST/WHALE, same as your standard LP token, the team's funds will be distributed to the participants. All of those funds will immediately begin flowing to TerraSwap, where they will remain available for trade in the UST/WHALE pair indefinitely. The protocol will transfer all of the associated LP tokens into a special account known as the White Whale War Chest.

What does this imply, then?
White Whale ought to have held the lion's share of its own liquid assets right from the start. Sure enough... The event is POL from the get-go, which means that there are no KYC requirements or trading restrictions because the monies are going directly into the community-owned treasury and not into a private investor's pocket.
Many people wonder how this helps the average consumer when the price tag is so expensive to begin with. What if it rises and rises and never falls? White Whale has deliberated on this matter and come up with an answer. They intend to sell WHALE tokens at honest and reasonable prices to the general public. We want to exceed demand with our initial pool size rather than be just another initiative that under-fills the initial pools in order to produce a pump. To kick things off, they are putting 100,000,000 WHALE tokens into the LBP. You may say that their motivation, "Because F#&%," is refreshing. You may thank the Robots for that. According to them, this would ensure that everyone who wants to purchase WHALE tokens at good levels during the first days of trading may do so without the bots snatching up all the tasty initial liquidity. If sniping bots want to get in on the action, they can do so starting at the low, low price of $1.00. Over the next 72 hours, or until the desired ratio is reached, it will float to market discovery.
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• https://www.dexsnipebot.com/
• Male
• 12-20-03
• Working at Usa
• Living in United States
• Located in United State