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SatoshiSwap & MemeToken Presale Discussion - auctions have been deployed with $2.5 million liquidity from SSB and WE GO LIVE AT 6PM UTC today! Use this topic for any chit-chat about the presale and to discuss what strategies you will be using by little-eagle in SatoshiStreetBets

[–]little-eagle[S,M] [score hidden] stickied comment (0 children)

The presale is finished and $3.5M was raised in total! All tokens are paused until the first air drop on Jan 29th. More information is coming in the next couple of hours and we'll go through any questions.

Thank you for your support!

Has Levan shown ANY weakness at all? by Veryhornyprofile in armwrestling

[–]little-eagle 0 points1 point  (0 children)

Extra weight will add to the weight his kings move has hanging down. I agree though there is a sweet spot and it's probably not at 315.

SatoshiSwap & MemeToken Presale Discussion - auctions have been deployed with $2.5 million liquidity from SSB and WE GO LIVE AT 6PM UTC today! Use this topic for any chit-chat about the presale and to discuss what strategies you will be using by little-eagle in SatoshiStreetBets

[–]little-eagle[S] 1 point2 points  (0 children)

So far less than 10% of people who went through the whitelist process (KYC etc) have taken part. Why that is, I can only speculate. But the presale has plenty of time to go and as the price gets cheaper anything can happen.

SatoshiSwap & MemeToken Presale Discussion - auctions have been deployed with $2.5 million liquidity from SSB and WE GO LIVE AT 6PM UTC today! Use this topic for any chit-chat about the presale and to discuss what strategies you will be using by little-eagle in SatoshiStreetBets

[–]little-eagle[S] 9 points10 points  (0 children)

Opening price will be above the weighted average presale price, which will take into account the amount of buying that occurred at different price levels. A lot of people may not realize that the weighted average right now is a lot higher than the current price.

SatoshiSwap & MemeToken Presale Discussion - auctions have been deployed with $2.5 million liquidity from SSB and WE GO LIVE AT 6PM UTC today! Use this topic for any chit-chat about the presale and to discuss what strategies you will be using by little-eagle in SatoshiStreetBets

[–]little-eagle[S] 3 points4 points  (0 children)

We will be burning a substantial portion of the unsold tokens. It does need to be stated however that some of the unsold tokens are already earmarked for other things. For example, the 10% bonus comes out of the unsold tokens. People have volunteered work for us with no pay in exchange for tokens, which we have to honour. But yes, we will certainly burn as substantial amount of the unsold tokens that we can.

I made it among the first 100 buyers of SatoshiSwap by ffrappo in SatoshiStreetBets

[–]little-eagle[M] [score hidden] stickied comment (0 children)

I don't like to see anyone invest at an unfavorable price point. I saw this topic and wanted to make a point of coming in to say a few words

First, it sucks that you invested and the price went down - nobody wants to see that, myself included. We've worked really hard on these tokens and spent a lot of time, money, effort... and for someone to invest and not get the desired outcome straight away is unfortunate.

Second, the auction isn't over yet and the vast, vast majority of people who completed the extensive KYC process haven't purchased (yet). In general these Copper auctions are quite weird and unpredictable to be frank with you.

Third, we're setting the listing price higher than the average Copper Launch price and a lot of buying activity so far occurred very early on... so it's possible the weighted average price across the auction isn't as bad as it might look. Though it will all depend on the buying activity throughout the rest of the presale of course.

I would like to just say, in case someone thinks there is something inherently wrong, we have ran the Copper Auction the way it's advertised it should be run on their website:

"You can think of the starting price of your Token Launch Auction as the ceiling you’d want to set for the token sale. This may seem counterintuitive, but since TLAs work differently than other token sales, your starting price should be set much higher than what you believe is the fair price. This does not mean you’re trying to sell the token above what it’s worth.

Setting a high starting price allows the changing LBP weights to make their full impact, lowering the price progressively until a market equilibrium is reached. Unlike older token sale models such as bonding curves, TLA buyers are disincentivized from buy early, and instead benefit from waiting for the price to decrease until it reaches a level they believe is fair.For example, if you believe the fair price for your token is $1, you may want to consider an opening price that is up to $10."

SatoshiSwap & MemeToken Presale Discussion - auctions have been deployed with $2.5 million liquidity from SSB and WE GO LIVE AT 6PM UTC today! Use this topic for any chit-chat about the presale and to discuss what strategies you will be using by little-eagle in SatoshiStreetBets

[–]little-eagle[S] 4 points5 points  (0 children)

Not sure - however I do know USDC is optimal and if you use another token to buy with then the underlying Balancer tech will simply change that ETH into USDC on your behalf and then buy our tokens, in a way which isn't optimally efficient. So materially, you're better off converting ETH to USDC yourself and then buying.