Basilisk Token Sale

We are thrilled to announce our upcoming Basilisk Token Sale (BTS) for the Basilisk project. The BTS will be conducted in an innovative and community-focused manner, ensuring that the price of our token is determined directly by our valued community members. Below is a comprehensive explanation of how the BTS will unfold.

TLDR:

$BLSK Tokens	15,000,000
Currency	$ETH
Price	discovery via presale model
Duration	72 hours
Boost	3x max, 1x min depreciating 0.25 every 6 hours
Points	$ETH x Boost x 1000
Formula	points(15000000/totalPoints)
Referral	3% fee paid in $ETH, doesn't affect $BLSK

Token Pool: A pool of 15 million Basilisk tokens will be available for distribution to users who commit Ethereum (ETH) during the BTS period. Duration: The BTS will span 72 hours, during which users can commit ETH to participate in the token distribution process.

Boost: To incentivize early participation, the contributions will have a decreasing boost factor every 6 hours. The boost will start at 3x and decrease by a factor of 0.25 every 6 hours, reaching 1x weight on the last day of the BTS period. Points: ETH x Boost x 1000. Points represents each user’s relative weight when calculating their share of the token distribution. You can have more points by either having a higher boost factor or contributing more ETH, or both (please see the example table below). Formula: Each addresses token allocation is calculated by power(15000000/totalPower).

Price: By adopting this BTS model, we are empowering our community to directly influence the Basilisk token's initial price. With no predetermined or fixed price for the token, a truly democratic and decentralized price discovery mechanism emerges.

$ETH	BOOST	POINTS	$BLSK
1	3	3,000	1,500,000
5	3	15,000	7,500,000
3	2	6,000	3,000,000
6	1	6,000	3,000,000
	TOTAL	30,000	15,000,000

Referral: Every user has access to a referral link that they can publicly share, earning 3% (in wETH) of all the referred investments made through it. This 3% commission will be directly sent to their wallet as soon as the referred deposit is made. In no way does this impact the referred users contribution, they will receive the exact same amount of $BLSK tokens at the end of the sale, whether they have used a referral link or not. Liquidity: A percentage of the ETH collected throughout the BTS will be utilized to provide initial liquidity for the Basilisk token. We firmly believe that this community-driven approach to our BTS will result in a more transparent, equitable, and captivating experience for our users. We eagerly anticipate your participation and support as we collaborate to establish a dynamic and sustainable ecosystem for the Basilisk project.

No private sale has been conducted.