wPWR Ethereum Fairlaunch Details
Link to wPWR fairlaunch on GemPad
Total Supply Minted: 20,000,000 wPWR
Tokens for Fairlaunch: 13,300,000 wPWR
Tokens for Liquidity: 6,700,000 wPWR
Tax: 2% Buy/Sell collected for chain expenses and advancements
51% of raise to LP
Softcap: 5 ETH
Maximum Contribution: 5 ETH
Max tokens per ETH at Launch: 2,660,000 PWR (Based on 5 ETH Softcap)
Estimated Minimum Price at Launch: $0.00142/wPWR
Fairlaunch Start: Tuesday November 14 at 16:00UTC
Fairlaunch End: Friday November 17 at 16:00UTC
Notes
- wPWR supply on Ethereum network will be backed 1:1 to absolute PWR coin supply.
- The starting supply of wPWR on Ethereum will be equivalent to approximately 7.5% of total circulating supply of PWR.
- wPWR on Ethereum features minting and burning functions, enabling the exchange of tokens and coins between Ethereum and MaxxChain networks without affecting the actual PWR supply.
- Bridging between Ethereum and MaxxChain networks will be available via SphynxLabs Bridge (implementation currently in progress)
- Funds raised by MaxxChain will be used to further development with SphynxLabs, stable coin backing on MaxxChain, overhead reserve. Exact allocations will be provided depending on total amount raised.
Expanding Our Reach with wPWR on ETH
Acknowledging the need for diversification and growth, we are actively exploring ways to build upon our existing foundation and expand our ecosystem. Our primary challenge lies in broadening our reach beyond our current contributor and supporter base, many of whom have been with us since our inception.
To address this challenge and amplify our presence, we are reaching out to new projects and their communities, aiming to increase the number of chain holders. However, persuading individuals accustomed to well-established chains such as ETH and BSC presents its complexities. Re-establishing our mission, vision, and identity was just the first step in attracting the spotlight to our chain. To truly achieve this, we must place a greater emphasis on marketing and advertising. Yet, we understand that marketing a project in the crypto space, especially a blockchain, is a challenging endeavor, both in theory and financially.
To overcome this challenge and boost our growth, we propose to launch wPWR on the Ethereum network. This initiative will:
- Introduce a new DEX listing for wPWR, expanding our reach to Ethereum users.
- Eliminate the immediate need for a costly CEX listing, conserving valuable resources.
- Conduct a fairlaunch on a launchpad platform with funds primarily allocated to liquidity on the Ethereum network, enabling additional marketing efforts and essential development work to bridge the wPWR token on ETH with absolute supply of PWR on MaxxChain.
- With a fair launch for the wPWR token, we have the opportunity to see increased volume and demand for PWR within Coinstore and the PWRSource bridge.
- Provide raised liquidity that benefits current users, opening doors to and from MaxxChain, showcasing the DeFi side of the Ethereum chain.
- Back the wPWR token on ETH with actual PWR coins allocated for CEX listings, allowing seamless movement between the ETH and MaxxChain networks.
- Utilize the fairlaunch platform as a powerful marketing tool through our listing, which will be portraying our already established MaxxChain ecosystem, enticing potential projects and developers to join MaxxChain. Our main focus will be on our blockchain use-case.
