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Hanoi, Vietnam — Bunicorn is a decentralized finance [DeFi] platform that provides a solidified and secure all-in-one blockchain gaming solution. The project has announced the release of Copper-Launch-like Liquidity Bootstrapping Pools [LBPs] on Metaverse Starter, a seamless, multichain trading solution within the ecosystem. Scheduled to launch on the BSC Network on Friday, July 29, 2022, LBPs are a novel approach to distributing tokens while building deep liquidity.
Proven Capital Efficiency through LBPs
Liquidity provision and the price discovery process have become capital-intensive, prompting the need for an advanced, efficient, and low-cost option. While Bancor and Uniswap introduce the autonomous market-maker [AMM] as an ideal solution, it has become a costly system to run.
LBPs are the most efficient and low-cost mechanisms. These liquidity pools possess the ability to adjust pool weights over time, preventing negative downward pressure on token prices. This means only a tiny percentage of the base token is required at the start. And as there is a gradual drop in token price, matched by periodic ‘bumps’ where the token goes back up. In theory, the price should eventually find some value that the overall market finds to be an accurate value for the token.
On top of that, they also promote fair distributions. To dispel malicious actions from bots, once a bot gets tokens during a live session, the token price instantly slumps, having a lesser value than what was paid for by the bot. And large token buyers are encouraged to split their purchases into smaller batches over a specific period to avoid driving the price up. Thus, making it incredibly easy for everyone to get in.
Bunicorn’s LBPs are Suitable Alternatives
ETH network’s users have benefited tremendously from those values of LBPs through platforms like Copper Launch. Bunicorn’s LBP feature is similar to the Copper-Launch mechanism; however, the latter only supports ETH and layer-2 ETH. Through this release, Bunicorn is bringing this Dutch-auction mechanism to the BSC network.
Unlike Copper Launch, Bunicorn’s LBP feature supports not only the BSC Network but also Avalanche, Ethereum, and Polygon networks—an unprecedented feat in the DeFi space.
“The new Copper-Launch-like LBP feature on Metaverse Starter has been planned for quite a while since we held a Dutch-auction-based Initial Token Offering in the past. The mechanism is proven to build deep liquidity successfully and eliminate front-running bots and concerns over unfair distribution. Bringing these values onto BSC, we hope to establish a new standard for token distribution events on the network.” Bunicorn’s CEO says.
About Bunicorn
Bunicorn, as a revolutionary DeFi platform, aims to take blockchain and DeFi gaming experience to the next level. The release of these Copper-Launch-Like LBPs is proof of the DeFi platform’s commitment to delivering excellent services to the space. With a myriad of other decentralized finance products, Bunicorn hopes to be a Dreamland for gamers.
Social Links
LinkedIn: https://www.linkedin.com/company/bunicornswap/
Twitter: https://twitter.com/bunicornswap
Telegram: https://t.me/bunicornswap_en
Discord: https://discord.gg/Jfa5eebPJs
Media Contacts
Company Name: Bunicorn
Company Website: https://bunicorn.finance/
Company Contact Person: Alex, CMO
Company Email: hello@bunicorn.finance
