Introducing White Whale’s IDO: BOOTSWAP

In the past few months, several tokens have been released on Terra. What has been noted is that two main challenges continue to occur. First, the initial liquidity pool is not deep enough. This will cause the initial price of manufacturing to skyrocket, making all insiders feel very good, but it is very unfortunate for retail buyers because they are not part of the initial purchase. The second problem is that once the token goes online, all the liquidity of the initial price will be sniped by the robot within the first second, once again forcing retail buyers to buy at a higher level.

Beluga Designed an initial token launch model to solve these two problems while guiding the liquidity efforts owned by our own protocol…it is called “guided exchange”

So what is BOOTSWAP?

This is how it works. White Whale is using the latest, reviewed, and open source LBP code, which is generously provided to the community by the Astroport team. LBP, or Liquidity Guidance Pool, is a mechanism for launching tokens, originally used by Balancer, to postpone robot activities by launching high token prices and allowing them to float to price discovery within a preset time period, such as 72 Hour. LBP is also used as a fundraising tool because the team provides initial liquidity at a disproportionate rate, such as (98/2 tokens/stable currency), and as the tokens are sold, this ratio will eventually be balanced to the team’s parameter (I.e. 20/80 tokens/stable coins), allowing them to claim stable coins so as to raise funds from the difference.

This is how it usually works, but at White Whale, they took a slightly different approach. For some time, White Whale’s team has stated that they intend to pursue the liquidity that the agreement has. Having said that, unlike most other LBP activities, White Whale’s BOOTSWAP event will not conduct token sales or fundraising activities in any way. The profit from this event will never go to the Beluga team or the incubating entity. Team funds will be initially deposited in the LBP pool (together with WHALE tokens). At the end of the LBP event, when the liquidity pool is balanced at our pre-determined 50/50 UST/WHALE ratio, it will be the same as your standard LP token …All of this liquidity will be directly migrated to TerraSwap and will be used as permanent trading liquidity for the UST/WHALE currency pair. All corresponding LP tokens will be deposited into the Beluga War Treasure Box and will be owned by the agreement.

So what does this mean?

  1. From the beginning, Beluga should have the largest share of its own liquidity.That’s right… POL was right from the beginning, and
  2. This means that because this is not a sale or a raise, all funds go directly to the vaults of the community, so there will be no KYC requirements or trading restrictions for this event!

A common question is: If prices have already started to rise, what are the benefits to ordinary retail buyers? What if it stays high and never drops? White Whale has thought about it and formulated a solution for this situation. Their goal is to distribute WHALE tokens to retail buyers at a fair and honest level. In order to do this, instead of being another project where the initial pool is not enough to make a pump, our plan is to use our initial pool size to exceed demand. They will start depositing 100 million WHALE tokens into LBP.The reason they did this can be said to be refreshing-“Because of F#&% The Bots, this is the reason. They believe that this will give everyone who wants to buy liquid WHALE tokens on the first day of the transaction a chance to Good level to do so without being robbed of all the juicy initial liquidity by the robot. The starting price is $1.00, so if the robot wants to sniper, this is the price of their sniper. Then it will float to within 72 hours Price discovery, or until the target ratio is reached

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