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Chapter 7 - Genesis

MerovingianMerovingian
Zero1
Chapter 7 - Genesis

Beginning of the DeAI Ecosystem

Today’s article marks an important milestone for our ecosystem. We are extremely proud to announce the Genesis phase, which introduces the $DEAI Public Sale.

Zero1 will be initiating a Liquidity Bootstrapping Pool (LBP) to foster project financing and enhance token allocation. It will be held at Fjord Foundry.

Participants will be able to exchange USDT for $DEAI (the token by Zero1) on the Ethereum Mainnet at prevailing market rates. The LBP will commence on Sunday, March 17th, 2024, at 12pm UTC and is scheduled to conclude on Wednesday, March 20th, 2024, at 12pm UTC.

Also, Zero1 is in talks with several CEXes for listing and market makers.

Executive Summary

  • The $DEAI Public Sale is scheduled on Fjord, followed by the TGE.
  • Z1’s core values align with the fair launched LBP, encompassing inclusivity, an open-source ethos, and community-centricity.
  • $DEAI will be used in Mainframe Vaults, enhancing our ecosystem’s functionality and opportunities.

Public Sale Info

Here’s all the key information you need to participate in the Liquidity Bootstrapping Pool:

  • Start Date & Time: Sunday, March 17th 2024 – 12:00 UTC
  • End Date & Time: Wednesday, March 20th 2024, 12:00 UTC
  • Chain: Ethereum Mainnet
  • Available to Purchase with: USDT
  • Number of Tokens Available: TBC
  • Starting Token Price: TBC
  • TGE will follow immediately after LBP ends

The token price will increase or decrease, subject to a couple of factors:

  • a predetermined price curve
  • the buying pressure during the LBP

How do LBPs with Fjord work?

Liquidity Bootstrapping Pools (LBPs) employ a descending price mechanism, where the token’s initial high price gradually decreases according to a predetermined price reduction curve. This allows for open buying within the LBP, enabling the price to self-adjust according to market demands.

A fair launch with LBP is aligned with our manifesto outlining our core principles that define Zero1, especially community-focused values:

  • Inclusivity lies at the heart of our ethos, ensuring accessibility for all who wish to participate.
  • Embracing an open-source ethos, we believe in transparency and the power of collective action.
  • Our community-centric approach means that Z1 is owned and managed by its community members, fostering a sense of belonging, shared gains, and responsibility.

Such a design mitigates the impact of sniper bots and the potential for market manipulation by significant buyers (whales).

Fjord Foundry serves as an interface for LBPs on Balancer, facilitating projects in establishing liquidity and offering everyone and early supporters the chance to invest in new tokens. With a portfolio of over 500 projects, Fjord Foundry has successfully helped bootstrap nearly USD $800 million in liquidity.

$DEAI Token LBP

The $DEAI Liquidity Bootstrapping Pool is set to run for 2 days, from Sunday, March 17th, 2024, at 12pm UTC to Wednesday, March 20th, 2024, at 12pm UTC.

During this window, a pre-determined amount of the total supply, will be available for exchange for USDT on the Ethereum Mainnet.

Next Steps for $DEAI

Under the Zero Economic Framework, Mainframe Vaults allows users to stake $DEAI while offering staking rewards and the opportunity to participate in lockdrops to obtain ecosystem incentives, adopting a strategy similar to that of Celestia.

Holders of the $DEAI token will be given precedence for early participation in three forthcoming Zero Construct Program project launches that are currently under wraps. Additionally, they will benefit from token airdrops from initiatives selected by the Zero Construct Program.

Want to get involved? Follow the white rabbit 🐇 to join our (0,1) Community.

Twitter: https://twitter.com/zero1_labs
Telegram: https://t.me/zero1labs
Discord: https://discord.gg/4mEBU6fja5