RociFi Fjord Foundry LBP Sept 19–21, 2023

2023-09-07

TLDR;

RociFi Launch Party via Fjord Foundry Liquidity Bootstrapping Pool (LBP) on Ethereum Mainnet
Starts September 19th at 2pm UTC / 10am EDT and lasts for 72 hours
50,000,000 ROCI or 5% of total supply will be available to the public
Fair and transparent token distribution with no minimums or lock ups

RociFi LBP Details

A liquidity bootstrapping pool (LBP) is a fair and transparent way to distribute tokens to the community. For the RociFi Launch Party, 50,000,000 ROCI or 5% of total ROCI supply will be paired with 50,000 USDC in a Balancer-style liquidity pool on Ethereum Mainnet.

At the start of the LBP, there will be an initial token weight ratio of 99% ROCI: 1% USDC, making the cost to acquire ROCI relatively high. However, ROCI price will drop over the 72 hour period as the ratio auto-balances based on the pool’s price decay curve.

Price declines can be reversed by buying pressure from LBP participants. The price decay mechanism allows users to express their cost preference of ROCI allowing for a free-market approach to price discovery. However, the time constraint of 72 hours means users cannot wait too long or else miss the opportunity to participate in the LBP before ROCI hits the open market.

Ultimately, the price curve from the LBP incentivizes a more equal distribution of ROCI tokens given anyone can permissionlessly buy into or sell out of the LBP anytime without minimum purchasing requirements or lockups.

RociFi

Onchain credit scoring primitive allowing web3 users to monetize their onchain history via lower borrowing rates, higher loan-to-value ratios, or boosted token rewards based on credit score.

We’re proud to say that our credit scoring has been battle tested across 20+ Dapps including CyberConnect, Sismo, Relation Labs, Optimism, ImpactMarket, Gora Network, and more.

Fjord Foundry

Fjord Foundry is a token liquidity project that has deployed LBPs on several chains including Ethereum, BNB, Arbitrum, and more. They’ve bootstrapped over 130 communities and processed $1.4 billion.