Three Phases of Token Sale on Official Website
First Phase: The sale period, you will have 36 hours to deposit/withdraw USDT into a smart contract vault. The price of the $GOV token will then adjust based on the amount of USDT deposited.
The total value that can be committed across all participants’ wallets is capped at $15,000,000 notional, at which point no additional commitments will be accepted.
- If total commitments ≤ $7,500,000, then $GOV will be at $0.15. Limited price discovery begins once $7,500,000 of assets have been committed.
- $GOV will undergo limited price discovery up to $0.3 until the total commitments reach $15,000,000.
Note: During this phase, you can deposit USDT to increase your bid or withdraw USDT if you want to reduce your bid.
Second Phase: The second period is the grace period and will occur during the last 24 hours of the sale. During the phrase, you can only deposit USDT to increase your bid.
Final Phrase: On December 4th, you can swap the token to your wallet. And you can trade GOV on Gate, MXC and many other platforms which will be annouced soon.