Fairlaunch - IDO

On April 26, 2021 6AM GMT+1, $FEED commenced a fairlaunch IDO. The team put up 20BNB of their initial capital and supplied planned 5,000,000 $FEED tokens in liquidity to PancakeSwap.

There were no presale.

20BNB would price our $FEED token at approx. $0.002. With 100,000,000 total supply that's effectively pricing our Fully Diluted Market Capitalization ("FD Mcap") at $200,000.

There are no standard metrics to value our project at the stage that we were during the IDO and hence the FD mcap was arbitrary and we hoped the market would price us - we let the market decide.

Approximately 24 hours after the IDO, the token price stood at $0.18 and puts our FD Mcap at $18 million. The distribution of top holders was agreed by the community to be relatively fair, top holders had ~300,000 tokens.

The LP token from the initial liquidity has since been time-locked for one year and all contracts can be audited at Deployed contracts section.