🎟️Community Pre-Sale

Update April 2, 2024: All token phases complete. $FUTURE launched successfully.

🔥 PRE-SALE SOLD OUT IN UNDER 24 HOURS 🔥

IMPORTANT: The amount of $SOL raised has been determined by the TWAP of the $MERTD token between March 23rd, 2024, 19:30 EST, and March 25th, 2024, 19:30 EST. Calculation at the bottom.

Preface

Visit The Takeover Story to learn how the DAO saved the $MERTD token and the to understand why we need to do a Pre-Sale.

Here is a TLDR:

  1. The original project had 0% allocated to the treasury.

  2. OG DAO members donated roughly 5M $MERTD to the cause, which is insufficient for sustainability & innovation.

  3. Therefore, 50% of the tokens allocated for the treasury will be sold for $SOL.

  4. This $SOL raise will get the treasury as close as possible to 50/50, weighted against the remaining $FUTURE tokens.

The last part is important; selling 50% of the Treasury allocation (75M $FUTURE) will enable us to avoid adding increased selling pressure of the native $FUTURE token. Allowing us to fund initiatives more easily.

Timeline

  • $MERTD TWAP Duration: 48 Hours starting March 23rd, 2024 19:30 EST

    • A $SOL price snapshot will be taken as the TWAP window closes

  • Pre-Sale Start: March 25, 2024 19:30 EST

    • Runs for 7 Days

  • Pre-Sale End: April 1st, 2024 19:30 EST

  • Airdrop: Shortly after the Pre-Sale window closes

Objective

To raise $SOL equal to the TWAP of $MERTD multiplied by 75M $FUTURE tokens, as shown by the formula below.

SOLRaise Goal=( $MERTDTWAP Price×75,000,000 FUTURE )/ $SOLPriceSOL_{\text{Raise Goal}} = \left( \text{ \$MERTD}_{\text{TWAP Price}} \times 75,000,000 \, \text{ FUTURE }\right) / \text{ \$SOL}_{\text{Price}}

If we do not hit our $SOL Raise Goal, the $FUTURE token allocation will be distributed pro rata to those who contributed to the Pre-Sale.

TWAP outcome:

  • 75,000,000 (FUTURE) x 0.0017484 (TWAP MERTD) = $131,130

  • Therefore $131,130 / $190 (SOL Price) = 690 $SOL

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