Announcing the Reshaping of the 0Fx Protocol Token ICO 🚀
💳 The 0Fx Protocol is excited to introduce a revamped ICO model that offers a more transparent and secure solution for investors, leveraging the well-known and audited DODO platform, certified by Certik. This strategic move allows 0Fx Protocol to conduct a Tai Chi campaign, seamlessly integrating raised funds as liquidity directly into the 0Fx Protocol token market. This innovative approach enables us to raise funds more efficiently while maintaining greater budgetary flexibility.
💰 All liquidity raised will be instantly utilized by DODO to create a liquidity pool, ensuring robust market depth for investors. Importantly, no 0Fx Protocol tokens will be sold at a different price than that proposed during the ICO. This means that for the estimated $125,000 worth of 0Fx tokens to be distributed, $125,000 in liquidity will be used to support the market, providing excellent stability. The campaign will take place on Dodo on the Optimism network, and everyone can participate in the public sale. If the $125,000 target is not met, DODO will refund all contributions.
🪙 100% of 0Fx tokens distributed by the 0Fx Protocol will be in public sale and will be accessible through all 0Fx Protocol communication channels. Users can contribute to the funding pool from January 1st, 20:00 (UTC+1 Paris) to January 3rd, 20:00 (UTC+1 Paris). Contributions can be retrieved if one changes their mind before the end of the three-day period. In case the $125,000 target is exceeded, Dodo will tally each participation, dividing the intended supply directly among the total participants based on their percentage contribution. For instance, if twice as much USDT is contributed to the pool compared to our needs, the tokens to be distributed will be shared among all participants at the same fixed price.
⚙️ This fully automated and secure campaign has the potential to attract a multitude of investors. Participants can contribute any amount, and there is no limit on the number of participants. The price remains the same for everyone; the only consequence is that if only 20% of the total contributed USDT is used, each person will receive 80% of their USDT back, and only 20% will be converted to 0Fx Token.
📈 In addition to creating maximum hype, transparency, and easy accessibility, this approach allows us to dilute the mass of 0Fx tokens distributed during the ICO and accumulate a maximum number of potential investors. The document on how our ICO works has been updated here, along with our Tokenomics document, where we've maintained the same proportions but reduced the maximum supply of 0Fx tokens to 500,000 pieces here. The document on how to participate in the ICO has also been updated here.
📊 The reshaping of the ICO campaign is concluded, and the modifications are being applied to the website. The ICO documentation has been completely overhauled. Do not miss this unique opportunity that could represent exceptional growth for ICO participants. Mark your calendars from January 1st, 20:00 (UTC+1 Paris) to January 3rd, 20:00 (UTC+1 Paris) on the DODO platform (the link will be announced on the official 0Fx Protocol communication channels) on the Optimism network and in USDT.
🚀 Exciting solutions have also been found for delivering our roadmap, allowing us to save resources while cutting the delivery time of the 0Fx Protocol's minimum viable ecosystem by more than half. We express our immense gratitude to those who took the time to be whitelisted. Your participation has not been in vain, and your feedback on the project has touched us deeply. We still count on your support and look forward to developing this project with you. However, this reshaping will benefit the project much more, and we are embarking on a fresh start. All the documentation, website modifications, and the team will be announced, and the official announcement of the public sale of the 0Fx Protocol token will take place at the end of the day to symbolize our new beginning. We are moving forward, and the series of newsletters resume. We rely on you, 0Fx Protocol community.