MON launched with a decentralised Liquidity Bootstrapping on Uniswap.
Overview
Launch Mechanism: Liquidity Bootstrapping
Launch Price: 0.00075 ETH ($1.00)
Max Supply: 100.000.000
Initial Liquidity Pool: 1.000.000
Liquidity Bootstrapping
The Moneta token needs liquidity to be traded efficiently on Uniswap. 1.000.000 MON were put in the initial Liquidity Pool paired together with 750 ETH (roughly $1.000.000). This sets the Listing Price to around ~$1.00.
Participants deposited their ETH in a decentralized Smart Contract. Those ETH stay in the Liquidity Pool forever. In return, 1.500.000 MON are distributed to them in a linear manner over the course of 180 days.
