Public Token Sale
The UND fair launch token sale occurred on March 29th, 2023, and lasted for six days. During this sale, 20% of the total UND supply was made available to the community.
This event marked the first and only sale of UND tokens. Significantly, there were no pre-sales to insiders, VCs, advisors, or even team members and contributors, ensuring a level playing field and true community-focused distribution.
The Fair Launch Design
The Unstoppable Fair Launch Token Sale was based on a Dutch auction model:
Initial High Price: The auction starts with a relatively high price to discourage immediate large purchases by bots and whales.
Price Decreases Over Time: With each block, the price of the token decreases, enabling investors to enter the auction at a valuation they find reasonable.
Commitment Guarantee: When an investor commits to a price, they are guaranteed that price or a lower one, depending on the auction's progression.
Ending Conditions: The auction concludes either when all tokens are sold, it reaches the predetermined floor price, or the set time limit expires.
Uniform Final Price: All participants pay the same final price, which is also the lowest price reached during the auction.
Token Sale Results
| UND Sold | ETH Raised | Final UND Price | FDV |
|---|---|---|---|
20,000,000 UND | 2,068 ETH | $ 0.19 | $ 19,000,000 |
Kickbacks and eUND Incentives
The Public Token Sale was incentivised with two bonus campaigns, in which users could either benefit from participating early on or referring new participants.
eUND Incentives
A total of 1,500,000 eUND has been distributed towards public sale participants making use of the early bird bonus.
Referral Kickbacks
Users who referred new participants received a 5% kickback on the amounts these contributed to the public sale. In total 60 ETH of the sale proceeds have been redistributed as Kickbacks to active referrers.
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