Maya’s Fair Launch through Liquidity Auction : The airdrop, perfected.

22 de Julio

8 min.

Introduction

Different strategies are used to raise funds whenever new crypto projects are born. Most of them involve the creation of a token and there are several ways in which projects can distribute them to their users or community. Some examples include holding public sales (e.g. the 2017 ICO mania), airdrops, trough farm rewards and more.

There is one of such mechanisms that is extremely hard to come by: fair launches. Among the few examples that we can name, Bitcoin (BTC) Sushiswap (SUSHI) or Yearn (YFI) all distributed like this.

And although most people love airdrops and being in the ‘snapshots’ or ‘whitelists’, these attractive models are far from perfect. Projects launching this way can have very bad tokenomics (like high Fully Diluted Valuations and low float) or some insiders can know the airdrop’s requirements in advance plus some ways to game it, etc. 

What if we told you that we are airdropping $CACAO while also:

Welcome to Maya’s Fair Launch! We like to call it a “Liquidity Auction” because you will be getting your share of $CACAO tokens after adding Liquidity to the protocol, the more liquidity you add, the more $CACAO you will receive! 

In fact, with this model you will technically double your assets (100% ROI) automatically, because you get to keep all the assets that you provided plus receive a proportional dollar value of $CACAO on top of them. Talk about a chocolate-induced food coma!

Because of all these, more than an airdrop, Maya’s is a ‘fairdrop’, just  and  transparent for everyone!

Let’s dig a little bit more, since I can already hear you saying this is too good to be true.

How the Liquidity Auction will work

“Liquidity Auction” sounds sophisticated but it is actually very simple:



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Advantages of the Liquidity Auction model

Maya Protocol’s token distribution using a Liquidity Auction comes with many advantages, for example:

Importantly also, the liquidity auction is cleverly designed to start a virtuous circle for our protocol. Since there will not be subsequent $CACAO issuance, users that want to own the token will have to acquire it from somebody that participated in this initial mint, making it very likely that the price of $CACAO will be the cheapest - relative to BTC - right after the auction. People investing heavily during the liquidity auction is of course what we want, as it leads to deeper pools, reduced slippage and slip fees, attractive arbing opportunities, and overall liquidity depth. Liquidity attracts swap volume!

GRAPHIC WITH FLYWHEEL:

Heavily attractive liquidity auction model 🡪 deeper pools 🡪 reduced slippage and slip fees 🡪 Deep liquidity attracts swap volume 🡪 Swap volume generates high APY 🡪 high APY attracts more liquidity, hence deeper pools.

In Short

Maya’s Liquidity Auction represents an incredible opportunity for retail investors to participate in a transparent and profitable ‘Fairdrop’ and we are looking forward to having you onboard!

You can learn more about our Liquidity Auction by reading the first Chapter of our Whitepaper here. And you can stay up to date with us by subscribing to our Newsletter or joining our Discord Server!