Liquidity Dividends Protocol
Introducing LIFTOFFWhat is Liftoff?Liftoff is a fully self-service ERC20 launchpad dapp with integrated insurance. It allows any project developer to create a new token, token sale, insurance scheme, and marketing partnerships with just one click of a button. For project developers, it is the fastest and simplest way to create a new token and reach a wide audience. For sale buyers, it is the safest presale platform and the only one that insures deposits.
Why is Liftoff important?Multiple types of technologies emerged in 2020 to protect token sale investors from scams. The first platforms provided locked liquidity. However, investors in tokens with locked liquidity were still vulnerable to minting attacks. Lid’s first presale platform, Lid Simplified, stopped minting and many other early attacks on token sales. However, Lid Simplified is vulnerable to soft exit scams, where developers abandon their project instead of growing it. In response, Lid developed Liftoff in the first few weeks of 2021 to stop soft exit scams.
What is Crash Insurance?Crash Insurance protects presale buyers by refunding their deposited Eth if the price of the token falls below the initial sale rate. Crash Insurance provides 100% coverage for the first week. For the next 10 weeks, it provides insurance at a gradually reduced amount but at the same, original sale rate. Crash Insurance thus guarantees a hard price floor during the first week, and a soft price floor for the next 10 weeks.
What is xETH?Liftoff is able to distribute 112% of the deposited eth, instead of 100%, all without ever risking any deposits. This seemingly impossible feat is accomplished through xETH, a type of wrapped ether. xETH is derived from the ERC-31337 technology developed by Rootkit.finance and allows the issuance of xETH backed by locked liquidity. More details are available for xETH at
https://xlocker.eth.link and more information about ERC-31337 is available at
https://rootkit.finance.
How safe is Liftoff?Liftoff is the third presale platform developed by Lid Protocol. None of Lid’s contracts have ever been hacked or lost liquidity. This is accomplished by diligent code reviews combined with 99%+ automated testing. Liftoff is audited by Halborn, one of the top cybersecurity firms globally with a history servicing great projects like Coinbase and Bancor.
How do I get ETH?Unfortunately, financial regulation makes acquiring cryptocurrencies like ETH quite difficult. You will need to consult the regulations in your particular country, and find an exchange where you can deposit your native currency and receive ETH. Afterwards, you can transfer your ETH to your metamask wallet to use Liftoff. Ask in the Lid Protocol’s telegram or Discord channels for assistance.
How often is Eth distributed to project devs?Most sales immediately give the project developers 100% of the Eth, even if the token price falls. With Liftoff, the developers and promoters receive their eth at 10% per week for 10 weeks. This encourages them to maintain an active community for at least that amount of time, and discourages bad actors looking for a quick profit. Additionally, every insurance redemption reduces the amount of eth project developers get. Since insurance redemptions occur whenever the token price falls below the presale price, the project developers are heavily incentivized to prevent the price from crashing for the full 10 weeks.
How are ETH and tokens distributed for Liftoff token sales?Eth allocations, as % of raise:
68.5% liquidity
35% dev fund (for the project raising funds)
6.5% insurance
2.0% lid fee
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TOTAL: 112% raised
Token allocations, as % of total supply:
40.59% liquidity
59.41% depositors
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TOTAL: 100% of supply
What is Liftoff Partnerships?Liftoff integrates marketing partners directly into the platform in a decentralized way. Entirely through Liftoff’s smart contracts, projects request partnerships which can then be accepted by influencer networks and marketing agencies. These agencies are then paid directly from the developers Eth. Since the amount of developer’s Eth, and thus the agency’s pay, is reduced by insurance redemptions, it means agencies are incentivized to promote good projects. Meanwhile the automated payment mechanism reduces agency’s risks, by guaranteeing that if their promotion is successful and the token price is maintained, they will receive an excellent reward.
How do I join Liftoff Partnerships?Ask in the Lid discord or telegram chats to apply. You will need a website, logo, and a 2-3 sentence description of your service. Liftoff primarily accepts influencer networks and marketing agencies.
LIFTOFF is an autonomous launchpad that anyone can use. Similar to Uniswap, anyone can create a token with any name, including fake versions of existing tokens. Please do your own research before joining a project.For detailed information. Check our Medium Article
Main Announcement Thread
https://bitcointalk.org/index.php?topic=5273818
