A novel enhancement to CardStarter’s Vested Launch Token Contract.
Bots adapt to every new launch in the blockchain ecosystem, and as such, anti-bot measures must be revised consistently on each new deployment. Even aggressive measures prove obsolete after 1–2 uses, however, we are optimistic that our latest approach will shift the paradigm in anti-botting technology. Instead of fighting bots in individual battles, we have decided to win the war by forcing them to be part of our ecosystem.
For full transparency with our community and the space as a whole, we have outlined the detailed vesting approach that we will employ at launch:
- Only 1 transaction allowed per wallet within the first 10 minutes of launch.
- This transaction will have a maximum transfer limit and a maximum gas price — with each launch, these values may differ.
- Transactions that are less than 10x the launch price will have a portion of their tokens vested.
- The calculation for tokens vested is as follows:
a. For example, buying at 2.3x launch price = “2.3”/10 as a % unlocked, or 23% of purchased tokens unlocked immediately.
b. Remaining tokens are vested for (20–2 “X”) days. For example, buying at 2.3x launch price implies 20 days–2(2.3)days = 15.4 days of lock time for 77% of the remaining tokens.
The above restrictions expire after 10 minutes, and are executed within the smart contract.
This contract will be open-source, and we encourage other launchpads and projects aiming to launch on decentralized exchanges to utilize our protocol.
CardStarter is the first incubator, launchpad and insurance program for projects being built on the Cardano network. The CARDS platform is a unique and dynamic launchpad, connecting projects to early supporters and a network of key partners. The Cards Accelerator Program (CAP) team works with each project individually to establish the right connections and map marketing strategies, establishing the foundation for long term success.
CardStarter is also differentiated by its charge to protect its supporters. CARDS provides unbiased third-party audits of every project’s code and protects IDO participants with an in-house insurance program. CardStarter is proudly partnered with X21 Digital, BlockSync Ventures, Moonwhale Ventures, Genesis Shards, Plethori, Fractal, PARSIQ, Scryptic Tech and Longtail Financial. Once fully built, CardStarter will be an all-inclusive platform with a decentralized exchange to complement the current offerings. CardStarter also aims to be a nurturing force in the Cardano ecosystem, with hackathons and project development support being a major focus of the roadmap.