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Bid Wall - MetaDAO

docs.metadao.fi · 394 words · saved by 1 readers

How the bid wall supports token price and reduces supply

Overview NOTE: The Bid Wall is deprecated. It was used in one raise and has not been used since. Unless a launch specifically mentions the Bid Wall, assume it will not be used. The Bid Wall lets token holders sell tokens back at the project’s Net Asset Value (NAV) per token. Tokens sold into it are permanently burned, reducing supply. How It’s Funded The bid wall is funded from the ICO raise: Or: Bid Wall = 80% × Total Raised - Min Goal 20% of total raised → Liquidity pools (with 2.9M tokens) Min goal → Project treasury Remainder → Bid wall Example: 6MMinimum,6M Minimum, 8M Raised…

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