GolduckDAO's IDO Model
GolduckDAO's proposed IDO from GOLDX strategy aims to create a fair and attractive token sale environment that benefits potential participants while ensuring a predictable and controlled token distribution. By providing a discount on the IDO platform and incorporating the time-locked release of bonus tokens, the model encourages users to buy from the IDO directly and participate in the ecosystem's governance. Below, we outline and summarize the key components of the proposed IDO model:
- 1.Initial DEX Listing: Launch the GolduckDAO token with minimal liquidity on a decentralized exchange like Uniswap, providing a decentralized marketplace for early trading and price discovery.
- 2.IDO Contract Deployment: Develop an IDO smart contract on all 4 chains and allocate 20% of the total GolduckDAO token supply to it. The IDO smart contract should be able to handle the token sale, bonus token distribution, and any additional features or requirements specified by the GolduckDAO team.
- 3.Discounted Token Pricing: Price the GolduckDAO token on the IDO platform with a 10% discount compared to the decentralized exchange (DEX) price. This discount incentivizes users to participate in the token sale directly through the IDO platform instead of purchasing on the DEX.
- 4.Time-Locked Bonus Tokens: Participants who buy tokens on the IDO platform will receive bonus tokens equivalent to their 10% discount. These bonus tokens will be time-locked for 90 days, ensuring that users have a long-term interest in the project and reducing the risk of early dumping.
- 5.Fund Allocation: Once the IDO is complete, send the funds collected from the IDO to the GolduckDAO Treasury to support the development and growth of the ecosystem. This ensures the project has the necessary capital to execute on its goals and objectives.
- 6.Referral Management: To further enhance the attractiveness of the GolduckDAO Initial DEX Offering (IDO) and encourage community participation, implementing a referral program can be an effective way to reach more potential users. grow the community, and increase adoption. If someone uses a referral link to buy Golduck tokens during the IDO, the referrer will receive a bonus of 10% of the tokens purchased by the new investor, in addition to 10% of the referred amount contributed. These rewards serve as a strong incentive for users to refer others to participate in the IDO.
- 7.Token Distribution: Gradually distribute the remaining GolduckDAO tokens to the community over time through various mechanisms, such as staking rewards, airdrops, or liquidity mining programs. This approach promotes a wider token distribution and encourages users to engage with the project and participate in its governance.
By executing this IDO model, GolduckDAO can encourage users to invest directly through its token sale while ensuring a stable and predictable token distribution. Additionally, the 90-day time lock on bonus tokens ensures that early participants remain committed to the project's long-term success, creating a more sustainable ecosystem for the GolduckDAO token.