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Arbitrum $BOOK Sale

$BOOK Presale on Arbitrum One

Private Sale

Whitelisted wallets will begin participating in the sale first from 1st May 2023, 2:00PM UTC until 5:00PM UTC on the same day.
All participants of the Season 1 Book Airdrop on A​rbitrum network will be automatically whitelisted for the Private Sale.

Public Sale

All wallets will start participating on 1st May 2023, 5:00PM UTC until 5:00PM UTC the next day (2nd May 2023).
The public will have 24 hours to contribute to the sale before it closes.
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The $BOOK token sale is a Decentralized Peer-to-Peer Orderbook offering that provides users the ability to trade peer-to-peer with ease while controlling their assets with their own wallet.
All token sales are raised using USDC with a maximum of $5,000 USDC contribution per wallet.

💰 What to do to get prepared for the sale:

$BOOK token sale will use USDC on Arbitrum as the buying currency. Prepare your wallet with USDC prior to the token sale.

What to do during the sale:

  1. 1.
    The whitelist sale will be live for 3 hours before the public round starts, therefore whitelist users shall commit their USDC tokens to buy $BOOK tokens. After the whitelist round ends, public round users can commit their USDC tokens to buy $BOOK tokens. (Please note that whitelist users can also participate in the public round presale).
  2. 2.
    While the sale is live, simply commit your USDC tokens to buy the $BOOK tokens. You are purchasing the tokens with your USDC. This is not the same as "staking".
  3. 3.
    The sale will last for about 24 hours or until all the total $BOOK tokens have been purchased.

What to do after the sale:

When the sale is complete, claim any unspent USDC and the $BOOK tokens you've bought.

THE OVERFLOW METHOD

The Overflow Method Presale is a novel token sale mechanism designed to ensure a fair and efficient allocation of tokens during an initial offering.

ADVANTAGES

Some key advantages of the Overflow Method Presale include:
  1. 1.
    Fairness: All participants have an equal chance to acquire tokens, regardless of their investment size or timing.
  2. 2.
    Efficiency: The Overflow Method reduces the likelihood of network congestion and high gas fees, providing a smoother user experience.
  3. 3.
    Transparency: The token allocation process is clear and easy to understand, ensuring trust between the project and its supporters.
  4. 4.
    Flexibility: The Overflow Method can be adapted to various token sale structures, such as capped or uncapped sales.

HOW IT WORKS

The Overflow Method Presale operates in several stages, as outlined below:
  1. 1.
    Token Sale Registration: Participants register for the token sale by providing their wallet addresses and the amount they wish to contribute. There may be a minimum and maximum contribution limit.
  2. 2.
    Initial Allocation: Based on the total amount raised during the registration period, the tokens are initially allocated proportionally to all participants, according to their contribution size. If the sale is oversubscribed, the excess funds will be placed in an "overflow" pool.
  3. 3.
    Overflow Distribution: If there is an overflow pool, the excess funds are distributed back to the participants proportionally, based on their initial contributions. This process continues iteratively until all tokens are allocated or the overflow pool is empty.
  4. 4.
    Final Token Distribution: Once the allocation process is complete, participants can claim their tokens by interacting with the token sale smart contract.
By following this process, the overflow method presale ensures a fair and efficient distribution of tokens, minimizing the potential for manipulation or congestion during the sale. This innovative mechanism provides a valuable alternative to traditional token sale models, contributing to a more inclusive and accessible DeFi ecosystem.