Stack up on some $XLM $Shrooms will be launching on June 1
Here are some important info regarding the launch and initial sale of Stellar $Shroomz
The Shroomz foundation wallet will start creating sell orders at progressively higher values. The XLM received will go entirely to liquidity.
Sell orders will look like this, subject to minor adjustments:
10 million at 0.00005 XLM 5 million at 0.000055 XLM 10 million at 0.00006 XLM 5 million at 0.000065 XLM 10 million at 0.00007 XLM 5 million at 0.000075 XLM, and so on. Once we drop a zero, the amount of Shroomz available at each increment will likely decrease to avoid creating too much resistance in value on the way up. We may also slip a few extra sell orders in between those above increments, but that’s the general roadmap.
We are already seeing a large number of buy orders being placed. That’s great to see. However, there are already 55 million worth of buy orders at 0.00005 XLM. We would be unable to fill that amount of orders at that value. That’s more than 1% of the total supply for less than $300 USD, which is clearly not good tokenomics. If we make 10 million available at that value, the first orders entered would be filled, but later ones wouldn’t.
Let’s not forget about the swap feature. As orders are filled and liquidity is deposited, the swap option will come into play. Swaps generally give you the best available price at that time. Keep in mind, in the early moments, liquidity will be small, so large swaps may not go through. Either way, it might be a good idea to have some XLM not tied up in orders and available for swapping.
We’ve spent many hours crunching numbers to give this project the greatest chance for success. When I created Stellar Cannacoin, things were really different. I was literally giving Canna away to anyone willing to take the time to download a wallet and add a trustline. This time, with Shroomz, there is essentially a waiting list to buy. The first Canna trade was at a value of 0.000005 XLM. In hindsight, this was too low for a token with only a 5 billion supply and created too many whales. Thankfully, most of them have left Canna, and it’s set for a strong future! We are confident we’ve selected a good starting point for Shroomz to allow healthy growth.
So make sure you have a Stellar Wallet set up, a trustline to Shroomz established, and some XLM ready to go! If you need help with any of this, just ask; we have the best community around!
Source:
u/Burnsivxx
