First a message to my COCO frens:
COCO on ETH and $NAP are both tokens created by Kero but were initialized with circumstances at best considered to be "dubious". After puting a year of my own effort into the COCO meme, I decided that although both are valid and valued investment vehicles to show support for the COCO meme, I believe there is a better way to do it and COCO hasn't made it to TON (until now) and that's why I've made TON COCO. I will continue to support Coco on ETH as well as rarecoco.wtf project and artists indefinitely. -snowkid
Contract Renounced Tonviewer
EQBsHbF5PjjhTTRRcfzZ2Q56k_XkbBG8HPDWiGjDogJ8rC6N
Supply: 420 billion, 69 Million
WARNING: DO NOT BUY during initial token distribution phase if market cap is over 100k
Plan is to deploy 50% of the supply into the pool at the onset of the pools existence in a deferred manner:
Instead of an immediate deploy of all tokens, tokens will be deployed on a schedule to avoid token snipers getting an unfair advantage over actual users. The plan favors small buyers over whales and allows more people a fair shot at getting in at a good price.
A small percent of the supply, 3,274,521,868 TOCO (0.78%) will be sent to the pool. $200 USD worth of TON will be supplied and the LP tokens burned immediately. This will cause the initial market cap to be $25,000 Pool will settle for an undetermined period based on this. example:
Users make purchases, a similar amount is sold into the pool and then liquidity is added to the pool. During this process, the price will be supressed in the bounds of 25k to 100k market cap. Valued holders will receive some LP tokens as a bonus for holding.
general example, similar but not in terms of specific percents, which will be determined after dev observes "how it goes":
This plan will go on for a period of time until half of the supply is distributed. There is no bot so all the seeding transactions will be manually operated so expect some time gaps in when seeding occurs.
The remaining supply will be distributed as follows, and a third party will hold tokens on the escrow recipients behalf according to their plan:
Dev Salary:
10% supply
Initial deferrence: 30 days
Payments to last for 20 months. Escrow salary is 5% of the dev distribution monthly. Once escrow is cleared, dev
is free to do what he wants with the earned tokens.
Once supply is distributed, known top holders with "non-dumpy" wallets will receive LP tokens as rewards which are going to also be escrowed for a period of time in order to preserve the pools' liquidity. A percentage of the LP tokens will also be burned or otherwise locked indefinitiely. Users holding TCOCO over multiple addresses will qualify after proving custody.
Remaining 40% will be preserved and then distributed via an undisclosed product similar to where people stake their tokens and earn rewards from the initial pool. In order to prevent "yielder bleed" from occurring, this may include token burns to reduce supply.
Because of the various platforms warning systems, some warnings may be triggered. This is a new method of token distribution and thus one cannot expect that it will conform to recent "standards", which by default are unfair to new investors and retail in general.
COCO on TON will sell supply into the pool responsibly, and the funds therein will be used to fund its operation.
Consider the project similar to that of a token sale combined with a community takeover, except its more fair to all users, and the community gets to keep credentials for ownership.