Liquidity Generation Event (LGE)

The fBUX token launch will be one of the fairest in Defi, and it will be based on the Tarot token Liquidity Generation Event.

Users who deposit wFTM into the LGE contract at any time during the LGE will be apportioned a proportional share of the LGE regular allocation. (3,2% of the total supply of fBUX)

As an additional incentive, users who deposit during the first day will be apportioned a proportional share of the LGE bonus allocation. (0,3% of the total supply of fBUX)

Claimable fBUX will be based on share of the total deposits at the end of the bonus period. There is no front-running and being first or last to deposit for either distribution doesn't matter.

After the LGE event ends, 3,5% of the total supply of fBUX will be claimed by users who participate in the event.

The entire wFTM proceeds from the LGE, along with 2,5% of total supply of fBUX will be used for the fBUX/wFTM pair on Equalizer.

With these conditions, LGE participants will receive 28% more tokens than they paid for.

(For example, if you participated with 100 wFTM, you'll receive 128wFTM worth of fBUX tokens at launch.)

The LP tokens received by the LGE contract will be locked in the LGE contract for a minimum of 180 days, ensuring plenty of early liquidity. After the lockup period ends, LP tokens will be transferred to the protocol reserves, where the strategy for their usage will be at the discretion of governance.

LP tokens will be staked on EQUALIZER to earn EQUAL. 100% of the earned EQUAL will be distributed to fBUX stakers.

LGE participants' tokens are vested for 1 year upon finalization of the Liquidity Generation Event.