# Arbitrum Book: Dynamic Presale System 🪄 By [Arbitrum Book](https://paragraph.com/@arbitrum-book) · 2022-12-07 --- Hello, As it has been said we wanted the release of our token $BOOK to be done in a fair way. ![discord.gg/arbitrumbook](https://storage.googleapis.com/papyrus_images/6ddf23400386358aed2d10f869033d621c29310cb0bf0fabe1876bdac83383d3.png) discord.gg/arbitrumbook Some of you guys won the **@Wizard** role on the discord server. This role has been labeled to a “Whitelist Spot”. Indeed it’s a Whitelist Spot to invest in the presale of the $BOOK token. BUT: We implemented a brand new smart contract system for our Presale, the “Dynamic Whitelist Queueing System”: ![Brand New Dynamic Whitelist Queuing System](https://storage.googleapis.com/papyrus_images/a54110267ed868bf8df6676e22f970ddf8ee387bbf5ed0e2ca81d936c49776d2.png) Brand New Dynamic Whitelist Queuing System * $2,000 (USDC) per Whitelist with a total of 130WL spots (because 130 **@Wizard** in the discord server). This lead us to raise $260,000 through the presale. * This is obviously less than what we could have expected from any VC but we think it will be healthier for our protocol and for the token dilution. ![discord.gg/arbitrumbook](https://storage.googleapis.com/papyrus_images/c45a3edcf9cd906aadf4eb39576667e768480f5064233a91781cd84d112cab10.png) discord.gg/arbitrumbook * $1 invested in the presale will get you back 1 $pBook (presale $BOOK token). So if you fill $2000 you will get 2000 $pBook. * Presale will last for 72 hours (3 days). * Whitelisted users have 8 hours to fill their whitelist spot. * After that, if a whitelist is not full filled, this whitelist will go to the Whitelist Queue. * A non-whitelisted wallet can subscribe to the queue to get the chance to obtain a whitelist spot from the whitelist queue. * To subscribe to the “whitelist queue”, a user need to pay $100 (to avoid bots). But don’t worry the $100 will be refunded what ever happen (even if you don’t make it to the presale spot). * Once subscribed to the whitelist queue, you will need to wait when a new whitelist slot is available. On the dApp, the number of slot available will be displayed with a button beside to claim a whitelist spot. * A discord channel will alert you if a new spot is available. * A fresh new whitelisted user will have 3 hours to fill his whitelist spot otherwise it will be transferred to the whitelist queue. This whole process is fully coded on chain and is not a fork of anything, it’s 100% homemade. What will happen after the Presale ---------------------------------- * Presalers will be locked over 1 week. * After this, a decreasing selling tax will be implemented. Starting at 50% and decreasing 10% each 3 days. All the funds collected from the early sellers will be send back to the liquidity pool BOOK/USDC. * The public launch of the $BOOK token will happen shortly after the end of the presale (TBA). Tokenomics ---------- $BOOK will be our government token * $BOOK will have 460,000 tokens MAX SUPPLY. * 100,000 tokens will be used to add liquidity on liquidity book pool. * 260,000 tokens will be sold in the private sale (1 $pBOOK = $1). * 90,000 tokens will be issued through a new public sale mechanism (to be released). * 20,000 tokens will be held by the team, fully vested for 3 months. Token utility ------------- What will be the goal of the $BOOK token? It will capture fees on each swaps made through our Liquidity Book routing system. It will be lockable: $veBOOK (if you have $pBOOK you need to get $BOOK first in order to get $veBOOK) to earn boosted rewards as well as futur airdrops. We will make sure to reward long term holders (in terms of days) as well as longterm lockers ($veBOOK) as much as possible. \*\*The main utility of our project is the main product (a fork of traderjoe liquidity book) but we plan to implement more and more incentives to token holders as the project grows. --- *Originally published on [Arbitrum Book](https://paragraph.com/@arbitrum-book/arbitrum-book-dynamic-presale-system)*