Monday, 29 November 2021

Launch of 1BCH DEX on 29 Nov 2021, 1pm UTC

The 1BCH team is really excited to announce that our 1BCH.com DEX will be launching on 29 Nov 2021, 1pm UTC. The 1BCH team is fully committed and fully focused on Bitcoin Cash only.

In conjunction with our DEX launch, we have our Main Sale ongoing to: (i) invite the SmartBCH community to participate in our token launch for the 1BCH DEX and go on this journey with us; and (ii) have sufficient resources to fully develop and launch the 1BCH DEX which we believe will add tremendous value to the Bitcoin Cash ecosystem.

To join our Main Sale, please visit https://app.bchpad.cash/. We understand that there is a 1000 BPAD fee (about USD15) payable to the BCHPad team in order to participate. We hope the Reward Tiers and Contest Prizes below will circumvent this 1000 BPAD fee for you. The details of our Main Sale are below:

Main Sale 1

  • Start Date: 23 Nov 2021

  • Raising up to 200 BCH in exchange for 10,000,000 tokens of 1BCH

  • Pricing: 1BCH = 0.00002 BCH

  • BCHPad: 180 BCH (soft-cap 50 BCH) for 9,000,000 tokens of 1BCH (https://app.bchpad.cash)

  • Flipstarter: 20 BCH for 1,000,000 tokens of 1BCH (Completed)

Main Sale 2 (more details to be released later) * Start Date: No later than 6 weeks from DEX launch (therefore, around 6 Jan 2022) * 10,000,000 tokens of 1BCH * Pricing: minimum 1BCH = At least 0.00004 BCH or prevailing 1BCH token price, whichever is higher

Release of 1BCH Pre Sale and Main Sale 1 Tokens

The release of both 1BCH Pre Sale and Main Sale 1 tokens will be released about 1 hour after DEX launch. For BCHPad contributors, BCHPad will provide details closer to DEX launch on how to receive your 1BCH tokens.

Main Sale 1 Reward Tiers

The following rewards will be awarded to wallet address for various Main Sale 1 contribution amounts (BCH contribution amount : Rewards):

  • 0.5 BCH to <1 BCH: 50,000 rBCH + 5% chance to win 1BCH MartianKitties NFT

  • 1 BCH to <5 BCH: 100,000 rBCH + 20% chance to win 1BCH MartianKitties NFT

  • 5 BCH to <7.5 BCH: 500,000 rBCH + 35% chance to win 1BCH MartianKitties NFT

  • 7.5 BCH to <10 BCH: 755,000 rBCH + 50% chance to win 1BCH MartianKitties NFT

  • 10 BCH and more: For every 10 BCH, one 1BCH MartianKitties NFT + 1,000,000 rBCH

The Main Sale 1 rewards program will be more attractive than the rewards program for Main Sale 2.

All rBCH rewards will be issued within 24 hours of the release of 1BCH tokens. NFTs will be issued once they are minted closer to the launch of the 1BCH NFT Marketplace. For the chance to win NFTs, if the % chance results in a decimal number (e.g. 5.6 wallets) it will always be rounded down (e.g. to 5 wallets for 5 MartianKitties NFTs). The winners of the NFTs will be announced within 7 days of the close of Main Sale 1.

All rewards can only go to the contribution wallet addresses listed to us.

Fastest Fingers Contest

Within the next 8 weeks, we will be working to implement 2 key features on 1BCH.com: our Lottery System and Prediction System. The Fastest Fingers Contest applies for both Flipstarter and BCHPad combined: so only a combined (Flipstarter entries + BCHPad entries = 100 entries) total of 100 wallets can win in this contest).

First 50: The first 50 wallets contributing a minimum of 0.5 BCH shall each be awarded a free Lottery System attempt (up to 5% of contribution amount in 1BCH tokens).

Next 50: The next 50 wallets contributing a minimum of 0.5 BCH shall each be awarded a free Prediction System attempt (up to 3% of contribution amount in 1BCH tokens).

Please note: During the period of Main Sale 1, we won’t be able to keep track via BCHPad how many wallets have contributed and met the minimum contribution amount. All prizes can only go to the contribution wallet addresses listed to us. All prizes will be issued closer to the launch of our Lottery System and Prediction System. Thank you for your kind understanding.

180-Day Guarantee & Buy Back on 1BCH : rBCH rates

There will be two tokens by our DEX: (a) an Exchange token: 1BCH; and (b) a Farming token: rBCH. For a 180-day period after the launch of 1BCH DEX, there will be a minimum guaranteed rate of 1 token of 1BCH = 100 tokens of rBCH.

During this 180-day period, we will buy back the rBCH tokens to maintain such a minimum guaranteed rate. The maximum rate of the rBCH token shall be floating based on the market. You can use the rBCH tokens for staking on the 1BCH DEX.

About 1BCH NFTs

1BCH DEX will be launching our 1BCH NFT Marketplace by 15 January 2022 (hopefully earlier). As part of our NFT Marketplace launch, we will be launching an exclusive 1BCH mascot-icon NFT series (MartianKitties). The MartianKitties collection will be designed on the principles of rarity, utility and creativity.

Who are MartianKitties?

MartianKitties are from the Planet Mars and are a species far more advanced than Man-Kind. As a civilisation, MartianKitties have long understood the value and importance of Bitcoin Cash and SmartBCH. They’ve seen their Planet Mars almost crumble because of centralization of and inequalities created by Fiat currency and inefficiencies of many other cryptocurrencies. The MartianKitties are on a Mission: to save other planets and civilizations with Bitcoin Cash and SmartBCH. Every one of them has unique features, traits and powers to stand-out from the crowd! On their Mission, the gruelling training of each one will be put to the test and with great confidence they will proceed. Next stop, to save Planet Earth!

Upcoming 1BCH Developments

Between Main Sale 1 and Main Sale 2 (period of 6 weeks), our targets are:

  • Completion of 3rd Party Audit

  • Listing on Marketcap.cash l

  • Submit applications to a number of pricing trackers and CEXes

  • Complete 1BCH branding (website, socials, etc)

  • Exposure on media channels

  • Kick-start our marketing plans

  • Announce more Farms and Sprinklers

  • Working on implementing Lottery Systems (period of 8 weeks)

  • Working on implementing Prediction Systems (period of 8 weeks)

  • Analytical tools and charts for users

Our Credibility and Commitment to BCH

Please note that the below are the same commitments we made during our Pre-Sale. After our DEX launch, we will be submitting our DEX for a 3rd party audit.

  • Prototype: The link to our prototype can be found: http://dex.1bch.com/. This will also be shared on our Telegram chat and other social media accounts.

  • Private Doxx Audit by BCHPad: We have undergone and passed a private doxx audit by BCHPad. BCHPad’s announcement has been shared on our Telegram channel (see links below).

  • 1BCH’s Open Source Code: Our open source codes can be found here: https://github.com/1bch/1BCH-DEx-Contracts for everyone to review.

  • Involvement in the BCH community: We have been involved in the BCH and SmartBCH community for a significant time. Our website 1BCH.com has been active since 2018 as a BCH-focused exchange. Please see Web Archive links: https://web.archive.org/web/20190615000000*/1bch.com

  • Locking of Tokens: All the team tokens will be locked for a period of 12 months (from close of Main Sale 2) using an accredited and audited third party lock-script, such as smartbchlock.bscrypt.finance

  • Locking of Funds raised: 50% of the funds we raise in our Main Sale 1 will be locked for a period of 6 months (from close of Main Sale 2) using the same accredited and audited third party lock-script as mentioned above

  • Third Party Audit: When 1BCH.com DEX is officially launched on the SmartBCH Mainnet, we will submit our DEX for a third party audit.

Why are we Bullish about 1BCH and SmartBCH?

As a DEX, at 1BCH.com, we will be delivering more DeFi functionalities than just a typical DEX which will create a more complete 1BCH DEX and DeFi experience on SmartBCH.

The other DEXes on SmartBCH are relatively new, and there are no established ones at the moment. Hence, in our view, it is beneficial that there are a few DEXes, which will compete for the attention of the SmartBCH community and improve technologically and launch new products. We firmly believe we have an incredible proposition and excellent team to contribute to the SmartBCH community.

We are also very bullish about liquidity flowing into the SmartBCH ecosystem. It is still very early days in the BCH / SmartBCH community and roadmap. We expect the liquidity flowing in to increase significantly in the future as more exciting projects launch on SmartBCH.

*Who are Team 1BCH? *

We have been deeply involved in the BCH and SmartBCH community for a number of years. As mentioned above, our website 1BCH.com has been active since 2018 as a BCH-focused exchange (see Web Archive links: https://web.archive.org/web/20190615000000*/1bch.com) and in other BCH-focused initiatives.

With the launch of SmartBCH, it is a natural progression of 1BCH.com into the 1BCH DEX. We are more confident than ever of the future of BCH and SmartBCH.

The 1BCH Team comprises experienced SmartBCH developers, and seasoned blockchain product and project leads. Each member has extensive experience in the blockchain space, and have been involved in SmartBCH almost since inception.

We are firm believers and evangelists of BCH and SmartBCH. We have expertise building BCH, SmartBCH and blockchain infrastructure and executing successfully on our plans. Examples of our work include: non-custodial payment solutions, blockchain gaming, video on-demand platforms, etc.

Due to the aggressive nature of regulators and regulations, many are concerned about involvement in tokens and would want to avoid any form of legal troubles. As such, we’ve decided to maintain our anonymity while committing to a private doxx by BCHPad.

Despite our anonymity, we have set up ways to communicate and build trust and rapport with our community while maintaining our anonymity to a certain degree. You can contact the team and its developers on Telegram and Twitter (see links below).

1BCH Tokens

There will be a fixed supply of 250 million 1BCH tokens. We will be distributing 10% of the 1BCH tokens across both our Pre-Sale and Main Sale with this manner:

Pre-Sale: this was concluded on 8 November 2021 and sold out in 6 minutes on BCHPad. 5M 1BCH tokens in exchange for 50 BCH.

  • Main Sale 1: 10M 1BCH tokens for 200 BCH

  • Main Sale 2: 10M 1BCH tokens (exact BCH raised to be confirmed prior to Main Sale 2)

Our team will keep 20% of the 1BCH tokens so that our team is well aligned in the success of what we are doing. Our team will have a lockup period of 12 months for our tokens so none of our team members is allowed to sell our tokens during the next 12 months. As mentioned above, all the team tokens will be locked for a period of 12 months (from close of Main Sale 2) using an accredited and audited third party lock-script, such as smartbchlock.bscrypt.finance

The remaining 70% of the tokens will be allocated towards community development, marketing, staking rewards, liquidity pool, and partnerships. The 1BCH tokens have a fixed supply and there will be no new tokens minted.

** When you are contributing to us via Flipstarter, please remember to post your SmartBCH wallet address in the comment field for us to send your respective 1BCH tokens to you. **

Please stay tuned to our official Telegram groups (see below) for our announcements.

Community Engagement

You can find 1BCH on Telegram for both English and Chinese languages at https://t.me/DeFi1BCHEnglish / https://t.me/DeFi1BCHChinese. In addition to Telegram, you can find 1BCH at:

We’ve also set up Instagram and Discord accounts, but have yet to publish materials there yet, as we don’t want to bite off more than we can chew for now.

Be Careful: As always, please be careful of scammers / impersonators. Always check back to our 1BCH Telegram group to validate / clarify with us.

More Information about 1BCH

If you are looking for more information about 1BCH, please visit these articles from Read.cash site (read.cash/@Official1BCH), which currently covers: (i) Pre-Sale content; (ii) Pre-Sale Q&A Round 1; (iii) Pre-Sale Q&A Round 2; and (iv) our Communications and Content update.

Important

Our Flipstarter page, BCHPad campaign and 1BCH do not, and are not intended to, constitute, or form any part of, an offer for sale, prospectus or invitation to obtain the 1BCH tokens. Before contributing, you are advised to take professional advice. By contributing, you confirm that you are not a citizen or resident of the USA and/or a jurisdiction which prohibits your involvement in cryptocurrency related activities.

submitted by /u/MobTwo
[link] [comments]

source https://www.reddit.com/r/btc/comments/r48pbn/launch_of_1bch_dex_on_29_nov_2021_1pm_utc/
at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)