HotPotato Announcement of Launching on BSC
We are glad to announce that HotPotato has officially launched Binance Smart Chain (BSC) and joined the BSC ecosystem as a member of the Stablecoin projects.
HotPotato has landed on BSC ecosystem with the innovative “Rebase+Fomo+NFT” mechanisms. More details are as follows:
- Contract Address
2. Presale information:
In the presale phase, HotPotato used a whitelist mechanism to select our first investors.
- Whitelist participation time:
14:00(UTC) on March 22–14:00 (UTC) on March 23, lasting for 24 hours.
- Whitelist seats:
A total of 160 whitelisted seats are provided.
- Please refer to the specific whitelist:
- Presale time:
16:00(UTC) on March 24–16:00 (UTC) on March 25, lasting for 24 hours.
- Presale total amount:
4,295 BNB+ Early loyal supporters investing totally of 28 ETH (will be converted according to 1 ETH: 6.5 BNB at the time of 16:00(UTC) on March 25 and invested into HP total fundraising)
3. Initial liquidity:
Total presale circulation: Presale addresses*100,
The initial release of HP will be divided into the following three parts:
50% will be distributed proportionally to users participating in the presale,
40% will be allocated to Pancakeswap to provide liquidity,
10% will be allocated to the Staking pool and Hot one.
Details of initial liquidity allocation:
- Presale user allocation (50%)
The initial pricing of HP is determined by the community based on the number of BNB raised and presale addresses. For example, if 160 addresses participated in the presale and 4500 BNB was raised, 16000 HP will be minted before online PancakeSwap. Among them, 8000 (amount of participation for a single address/total amount raised) HP will be distributed proportionally to all addresses participating in the presale.
- PancakeSwap’s liquidity pool (40%)
40% of the initial pricing of HP and all BNB raised in the pre-sale will be allocated to PancakeSwap to provide liquidity. This part of HP will be locked in the liquidity pool for 6 months as liquidity protection. During the protection period, this part of HP cannot be withdrawn. Other users can add or withdraw liquidity normally.
- Staking Pool and the Hot One (10%)
This part of HP will be allocated to Staking Pool and the Hot One at a ratio of 4:6. The Staking Pool will release HP rewards linearly in six days, the released HP will be used to reward HP’s liquidity provider; For details of Hot one, please refer to the following “Reward pool gameplay mechanism”.
4. Time of launching on PancakeSwap
HotPotato will launch on PancakeSwap at 13:00(UTC) on March 25
5. HotPotato launching on BSC, the key points of HotPotato original “Rebase+Fomo+NFT” mechanisms:
Total circulation: Holding addresses*100 (the token amount is changing according to holding addresses)
Initial token amount: 160*100=16,000(the final token amount will be ensured based on the actual number of investors in the presale)
Initial liquidity pool= Fundraising BNB: 40% of the total tokens, locked in liquidity pool for half-year
HotPotato brings the innovative “Rebase+Fomo+NFT” mechanisms. The supply of token HP does not have a pre-set maximum amount, but automatically rebased along with the number of addresses of the holders of the token, the specific rules are as follows:
- In the HP system, the total circulation is n*100( n is the number of valid currency holding addresses).
- For every additional HP-holding address, the system will issue an additional 100 HP tokens. But the daily increase of tokens is divided into two stages of rebase:
When the number of addresses increased daily accounts for less than 5% of the initial number of addresses held in the day, additional tokens will be issued according to the number of addresses increased *100, and rebase to all addresses in proportion.
When the number of additional addresses exceeds 5%, additional tokens will still be issued according to the number of addresses exceeded 5%* 100, and all will be rebase to the Hot One.
HotPotato also added bounty pool gameplay on top of the rebase mechanism. 3% of each transfer in the network will be deducted as a gas fee, of which 0.5% will be used for the development, audit and iteration costs of the development team. And the remaining 2.5% will be allocated to the bounty pool. The specific bounty pool distribution rules are as follows:
- Staking Pool: 30% of the bounty pool, used to reward liquidity mining users;
- Hot One: 40% of the bounty pool, used to award the last valid address. To ensure validity, the order must be greater than 1BNB.
- Recycle Pool: 20% of the bounty pool, used for the next round of Hot one distribution.
- Lucky One: 10% of the bounty pool. The user with the highest purchase price every 24 hours will get it.
In addition, if the proportion of HP tokens in the liquidity pool on BSC is less than 30% of the total, the ratio of the four prize pools will be adjusted to 60%:20%:10%:10%
For more questions, please contact us: