Car Coin DAO Liquidity Bootstrapping Pool is coming
Car Coin DAO will be initiating a CCM Liquidity Bootstrapping Pool starting Sunday, December 5th at 8 am EST. Learn more about how to participate in this article.
The concept of a Balancer Liquidity Bootstrapping Pool (BLBP) allows projects like ours to raise funds in a fair way, removing the flaws of individual caps, whitelisting and bots.
With a BLBP, anyone can invest, big or small. Without the ability to run bots and scripts, there will be genuine price discovery happening across the 72-hour period the pool will be open. Tokens will be immediately tradable making it impossible for a large party to dump on smaller ones.
Naturally, we can’t predict the exact outcome of this BLBP. By fundraising this way, we let the market decide what the eventual token price will be and, therefore, how much we will raise for our DAO’s treasury.
Follow these steps to participate
- Head over to the Copper Launch page created for the Car Coin LBP https://copperlaunch.com/auctions/0x791d625aead01e57d1b03ddc99a43b252930c43c
- You will then have to connect a compatible wallet to this page. This could be MetaMask, WalletConnect, etc.
- After you’re connected, state the amount of $CCM tokens that you wish to purchase and select “Approve”. You should first approve the Copperlaunch website to spend your preferred ERC-20 token. After you have approved you ERC-20 token, select “Swap”.
- Your transaction will now start processing. After the transaction is confirmed on the Ethereum blockchain, you will receive your $CCM tokens in your wallet.
Important to know when swapping
- Copperlaunch includes ETH, USDC, USDT and DAI
- Always make sure that you have sufficient ETH for gas fees in your wallet
- We have paired $CCM with USDC.
Learn more about Car Coin DAO: