Public Sale - Ended

Public Sale

LBP via Fjord on August 23 (12PM UTC) to August 26th (12PM UTC)

5,000,000 ALTD (5% of total supply) reserved for LBP paired with 30,512 USDC

To participate: https://fjordfoundry.com/pools/mainnet/0xC0d9c93759399dDB7310F68f6D007Ba8c55c8cb6

A liquidity bootstrapping pool (LBP) is a fair and transparent way to distribute tokens and conduct token price discovery. Two tokens are paired together (in this case ALTD and USDC). At the start of the LBP, there will be an initial token weight ratio of 99% ALTD: 1% USDC, making the cost to acquire ALTD relatively higher. The ending weight will be 70% ALTD: 30% USDC. The ALTD price will drop as the ratio auto-balances based on a pre-configured price decay curve that can be resisted by buying pressure from LBP participants.

5,000,000 ALTD (5% of total Altitude total supply) will be paired with 30,512 USDC in a Balancer-style liquidity pool on Ethereum.

Ultimately, the price curve from the LBP incentivizes a more equal distribution of ALTD tokens. Anyone can permissionlessly buy into or sell out of the LBP anytime without minimum purchasing requirements.

Fjord Foundry is a proven project that has deployed LBPs on several chains including Arbitrum, Ethereum, BNB, OP, Polygon, and more. They’ve bootstrapped over 130 communities and processed $1.4 billion.