Home Coins EnCore (ENCORE) EnCore Vault Liquidity Pool Event & General F.A.Qs | by 1AndOnlyPika |...

EnCore Vault Liquidity Pool Event & General F.A.Qs | by 1AndOnlyPika | Oct, 2020


1AndOnlyPika

Lots of you have been asking these questions in our social presences (Telegram,Discord,Twitter) and these questions will always have the same answer. Thus, I will answer many of these questions here for any of you guys to get answers whenever you are curious.

Q: When will I be able to buy $ENCORE

We have a countdown on our LP Event page. Once that countdown reaches zero, a contract function will deposit the ETH along with all 10,000 ENCORE tokens into the UniSwap Liquidity Pool.

Q: How many LP tokens will I get for 1 ETH deposited into the LPE

I can’t give you a number for that. The amount of tokens depend on how many LP tokens exist at the end of the event, however there is a part on the LPE page that shows the percentage of the total deposited that are your coins, which is how much of the initial LP tokens you will be able to claim.

Q: Are my funds safe? Can the devs access my ETH?

Your funds are all safe, and the devs can’t access your ETH. If you don’t believe me, all of our contract code can be viewed on Github and on Etherscan. The only place the ETH locked inside of our LPE can only go is our UniSwap pair.

Q: What is the emergency 24 hour drain function for? Are you going to rug pull me?

The emergency 24 hour drain function is placed inside of the $ENCORE token contract as a backup. After the LP event is over, anybody can execute the function to deposit the ETH and $ENCORE tokens into the UniSwap LP, however should there be any errors that cannot be fixed after 24 hours of the LPE ending, the contract owner can take the $ENCORE tokens out of the contract and manually distribute it. It is there so that in the case that an error that is unfixable occurs, at least the tokens are safe.

Q: I heard a rumor from the CORE devs saying my LP will be added to the wrong pool

This is a lie. If you visit our read contract page on Etherscan here and go down to option 24 called “tokenUniswapPair” and paste that onto Uniswap.info you will see that indeed it is the correct pair, and thats where the liquidity will be added at the end of the event.

Q: Why should I deposit into the LPE instead of buying $ENCORE at launch

When you deposit ETH into the LPE, you do not need to buy $ENCORE and will get the LP tokens. This means that you are actually getting LP tokens at a 50% discount.

Q: Is there any benefit to depositing early during the LPE

No, there isn’t. Your deposit will get you the same thing whether you deposit on day 1 or day 5.

Q: Does ENCORE have the bug where the liquidity wouldn’t be added?

No, this bug has been fixed. A few links to Kovanscan have been provided inside of our Telegram Group that shows liquidity being added.

Q: Will I be able to trade my ENCORE//ETH LP tokens like a regular token?

Yes! Of course you can. They are spendable just like any other LP token and they work the same way like a ERC20 token, so send them where you want (theres no fee!)

Q: How will the Tx fees work?

Every transaction that transfers the ENCORE token that is not a UniSwap buy order will have a fee be charged. 1% of the transaction goes the staking vault pools, 0.06% goes to the devs, and 0.04% goes to the community fund, for a total transaction fee of 1.1%

Q: My question wasn’t answered here!

We’re constantly adding new questions to this article, however do feel free to ask us if you still have a question!





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