Pre-Initial DEX Offering
This document outlines the strategic approach and procedural guidelines for the Pre-Initial DEX Offering (PreIDO) of the ENIZ token. Designed to facilitate a fair and efficient distribution of ENIZ.
PreIDO Pricing Strategy
During the PreIDO, the ENIZ token will be priced at 0.01 XLM per unit. This price point is critical for the promotional airdrop's successful execution, ensuring broad participation and fair token distribution.
The rationale behind this pricing strategy is to establish a baseline value for the ENIZ token, encouraging early adopter engagement while maintaining market stability.
Buy Order Management
To maintain pricing integrity and prevent speculative behavior, all buy orders will be systematically removed and locked throughout the promotional airdrop period. This measure ensures that the token distribution proceeds as planned, without artificial inflation or price manipulation.
Threshold Trading
Users will have the option to trade ENIZ tokens at or above a threshold price of 0.011 XLM per unit. This mechanism not only supports market dynamics but also serves as a confirmation of the users' understanding and acceptance of the PreIDO terms and conditions.
Engaging in transactions above the threshold price indicates users' acknowledgment of their responsibilities and the risks associated with token trading, having informed themselves by reading the White Paper and project documentation.
Post-PreIDO Procedures
Following the conclusion of the PreIDO, the ENIZ token price will be adjusted to guide the IDO's pricing strategy within the price range of 0.00001 - 0.001 XLM per ENIZ token unit. After the IDO launch, the supply of the token will decrease by 3-5% every week, thereby guaranteeing stable price growth. This reduction can be maximally achieved down to the PreIDO price range of 0.01 XLM per ENIZ unit. This adjustment aims to establish a fair starting price for the IDO, reflecting the community's value perception and market demand.
The IDO price, once set, will not be subject to reduction. The Retisubio team commits to upholding this price, ensuring financial stability and investor confidence.
Bonus Distribution
As a gesture of goodwill and to compensate for any potential losses incurred during the PreIDO phase due to misunderstandings or misinterpretations, a bonus distribution will be implemented.
All users and ENIZ token holders active until the end of the PreIDO will receive a deferred pending claimable balance, matched one-to-one with their ENIZ account balances in dollars (PreIDO), spread over 36 months of payments from IDO start.
For example, a user received 10,000 ENIZ tokens through a free airdrop valued at $100 during the PreIDO. Since the amount of such distribution is disproportionate to the ratio of subsequent buyers and investors in the ENIZ token, and the price set in the PreIDO is merely the necessary minimum established for conducting the airdrop (with the user being informed through the understanding of PreIDO rules and reading the project documentation that the PreIDO price will not correspond to the IDO price) - the user will receive 36 deferred payments in the dollar equivalent of ENIZ tokens ($100/36 = $2.777 per month in ENIZ tokens) regardless of the IDO set price. This means if at the time of PreIDO the user had 10,000 ENIZ tokens valued at $100 at a price of 0.01 XLM, then after the launch of the IDO with a hypothetical starting price of 0.001 XLM, they would receive 100,000 tokens in divided payments.
Compensation Mechanism
In the event of unauthorized activities, such as account hacking or illicit token transfers by malicious actors, affected users can seek compensation.
Users must submit a compensation request in XLM to the designated email address (enizchain@gmail.com), returning all ENIZ tokens to the issuer's address. This step is crucial for verifying the legitimacy of the claim and facilitating the compensation process.
Resolution Timeline
The compensation and resolution of unauthorized activities are treated with the utmost urgency. The process, including the return of tokens and the issuance of compensation, will be completed within a maximum of 21 working days. This timeline ensures a swift response to security breaches, minimizing the impact on affected users.
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