TechFlow news — On February 21, according to official announcement, decentralized NFT market maker FloorDAO will launch a public LBP offering on the Copper platform starting at 01:00 UTC+8 on February 23. The offering will last for three days and will distribute 500,000 aFLOOR tokens, with an initial price of $2.07. aFLOOR is the pre-issued governance token of FloorDAO, which can be exchanged for FLOOR at a 1:1 ratio in the future. LBP refers to a customizable Balancer smart contract used for initial asset distribution and price discovery. It creates continuous selling pressure over a fixed period based on set parameters, causing the price to decline continuously in the absence of demand. (Original link)
Add to Favorites
Share to Social Media
