A few weeks back, we announced our seed round funding, co-led by Defiance Capital and Hashed, followed by many reputable VCs such as Pantera Capital, Coinbase Ventures, Alameda Research and Animoca Brands. Perhaps even more important than the $6 million raised, it provided us all at GuildFi an important message from our experienced backers; that they believe in the long term vision and success of GuildFi.

We believe that for our project to succeed, it is necessary for us to ensure that our tokens are distributed fairly and widely amongst all community members in our public round. This will help us establish a strong and successful DAO that is community-driven and relies heavily on its supporters, hence the theme of today’s announcement.

We are incredibly thrilled to announce that we will be holding a GuildFi Token Auction to provide all our community members with a fair and equal opportunity to participate.

The auction will commence on the 1st of December 2021. Stay tuned for the announcement of the exact time of the TLA!

Our token launch auction will involve the Copper platform and Balancer Liquidity Bootstrapping Pool.

To ensure that the auction is open, transparent and user-friendly, we have decided to use the Copper platform for our public round. The Copper platform is one of the most open and user-friendly ways to carry out Token Launch Auctions (TLAs) without any barriers to entry. GuildFi has chosen the Copper platform for our TLA because it provides equal opportunity for everyone without any middleman and geographical constraints. By carrying out the auctions this way, no individual will have extra privileges that favor anyone in particular. Investors of all sizes and backgrounds can fairly participate and capitalize on early-stage opportunities.

As for the back-end, GuildFi will be utilising the Balancer Liquidity Bootstrapping Pool (BLBP). The BLBP is an innovative method that allows the tokens price to be determined by the market and thus making it as fair as possible. In the BLBP, the weights of both the assets are flexible and change over time depending on trades initiated.

At the start, the weight of the pool will be set at 95:5 (GF/USDC) and will slowly decrease over the time that the TLA is carried out to the final weight of 50:50. Our TLA will be live for 72 hours, where anyone can swap their Ethereum, WETH, USDC and DAI for GF tokens.

When an individual completes a trade, a demand will cause the GF token’s price to increase. In contrast, when no trades are initiated, prices will gradually decrease with the weight increasing. Eventually, the price will settle at a price the market as a whole finds most suitable.

Due to this auction mechanism, we will be putting 7.5% of token supply in BLBP, with an aim to distribute approximately 5% of token supply in the public round.

We are certain that this combination between the Copper platform and BLBP is the best method to carry out a fair and user-friendly TLA and we are excited to launch the auction on the 1st of December 2021.

We expect our token launch to be an exciting event for our community members worldwide, and we want everyone to be ready and prepared for the launch day!

Please head over to our informational channels, all listed below, and keep up to date with what GuildFi is building and what we are working towards. We are looking forward to everyone joining the GuildFi community, and we will have a How-To blog released soon that clearly explains how to participate in the launch! Stay tuned.

**GuildFi is the interconnected Web3 ecosystem of games, NFTs and communities, with an aim to maximize players’ benefits and enable interoperability across the Metaverse. **Start your journey at GuildFi to discover games, select guilds of choice, utilize gaming tools, and boost yields based on their performance and engagement across different games in the Metaverse.

The cryptocurrency market and metaverse are constantly changing and ameliorating. We are too. So, follow us on Twitter, Telegram, Discord, and Blog for the latest updates on GuildFi.

A few weeks back, we announced our seed round funding, co-led by Defiance Capital and Hashed, followed by many reputable VCs such as Pantera Capital, Coinbase Ventures, Alameda Research and Animoca Brands. Perhaps even more important than the $6 million raised, it provided us all at GuildFi an important message from our experienced backers; that they believe in the long term vision and success of GuildFi.

We believe that for our project to succeed, it is necessary for us to ensure that our tokens are distributed fairly and widely amongst all community members in our public round. This will help us establish a strong and successful DAO that is community-driven and relies heavily on its supporters, hence the theme of today’s announcement.

We are incredibly thrilled to announce that we will be holding a GuildFi Token Auction to provide all our community members with a fair and equal opportunity to participate.

The auction will commence on the 1st of December 2021. Stay tuned for the announcement of the exact time of the TLA!

Our token launch auction will involve the Copper platform and Balancer Liquidity Bootstrapping Pool.

To ensure that the auction is open, transparent and user-friendly, we have decided to use the Copper platform for our public round. The Copper platform is one of the most open and user-friendly ways to carry out Token Launch Auctions (TLAs) without any barriers to entry. GuildFi has chosen the Copper platform for our TLA because it provides equal opportunity for everyone without any middleman and geographical constraints. By carrying out the auctions this way, no individual will have extra privileges that favor anyone in particular. Investors of all sizes and backgrounds can fairly participate and capitalize on early-stage opportunities.

As for the back-end, GuildFi will be utilising the Balancer Liquidity Bootstrapping Pool (BLBP). The BLBP is an innovative method that allows the tokens price to be determined by the market and thus making it as fair as possible. In the BLBP, the weights of both the assets are flexible and change over time depending on trades initiated.

At the start, the weight of the pool will be set at 95:5 (GF/USDC) and will slowly decrease over the time that the TLA is carried out to the final weight of 50:50. Our TLA will be live for 72 hours, where anyone can swap their Ethereum, WETH, USDC and DAI for GF tokens.

When an individual completes a trade, a demand will cause the GF token’s price to increase. In contrast, when no trades are initiated, prices will gradually decrease with the weight increasing. Eventually, the price will settle at a price the market as a whole finds most suitable.

Due to this auction mechanism, we will be putting 7.5% of token supply in BLBP, with an aim to distribute approximately 5% of token supply in the public round.

We are certain that this combination between the Copper platform and BLBP is the best method to carry out a fair and user-friendly TLA and we are excited to launch the auction on the 1st of December 2021.

We expect our token launch to be an exciting event for our community members worldwide, and we want everyone to be ready and prepared for the launch day!

Please head over to our informational channels, all listed below, and keep up to date with what GuildFi is building and what we are working towards. We are looking forward to everyone joining the GuildFi community, and we will have a How-To blog released soon that clearly explains how to participate in the launch! Stay tuned.

**GuildFi is the interconnected Web3 ecosystem of games, NFTs and communities, with an aim to maximize players’ benefits and enable interoperability across the Metaverse. **Start your journey at GuildFi to discover games, select guilds of choice, utilize gaming tools, and boost yields based on their performance and engagement across different games in the Metaverse.

The cryptocurrency market and metaverse are constantly changing and ameliorating. We are too. So, follow us on Twitter, Telegram, Discord, and Blog for the latest updates on GuildFi.