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  • Pangolin Listing & Private Sale Distribution

    The Avalaunch team is excited to formally announce the details of our Pangolin listing and provide more information about the distribution of the community portion of our private sale.

    The response and encouragement we have received from the Avalanche community, as well as from people outside of our direct ecosystem, has been staggering. There is an organic groundswell of far-reaching support for what the platform offers, and more people than ever are excited about Avalanche. The future is bright, indeed.

    To be candid, having worked on this product we believed in for so long, the validation has been extremely gratifying — but that’s far from the complete picture. There is, without a doubt, something happening around here that is much bigger than Avalaunch.

    The last two months have been incredibly transformative for our application and team, and a reminder of how a vibrant community can shape, augment and improve a very personal vision. This intangible interplay between a project, and the people that rally around it, is exactly why we are so excited about Avalanche. This “special sauce” benefits not only us, but also the projects that will be coming through Avalaunch. We look forward to seeing how you all impact those, too.

    For your constant feedback, interest and passion, we simply cannot thank you enough.

    Pangolin Listing

    We will be opening our XAVA/AVAX pair on Friday, 5/14/2021, at 12:00 a.m. UTC on Pangolin. Please take the time to double check your local timezone against the listing time here.

    As part of our rollout plan, Avalaunch will supply $180,000 of liquidity, at the private sale price of $.035.

    The XAVA token address is: 0xd1c3f94DE7e5B45fa4eDBBA472491a9f4B166FC4

    We will announce the listing immediately after the pool is created and post the link on our Twitter and in our Telegram. We would recommend staying away from anything other than links posted from our official channels.

    Avalanche Tutorials

    If you haven’t already, please play around with Pangolin prior to listing, get a feel for how it works, and maybe even make a swap. If you don’t have funds available on Avalanche yet, please see this video, which covers getting Your AVAX tokens from Binance into your MetaMask wallet. The same process would apply to any exchange that lists AVAX. This transfer requires an Avalanche web wallet. If you don’t have one yet, please see this video.

    For any specific questions, please feel free to join us in our Telegram community and get answers there.

    Private Sale Distribution/Redepmtion

    For those of you that received a private sale allocation email, and successfully completed the form in time, we will be launching a dashboard for you to claim your allocation shortly after listing. All you need to do is connect with the C-chain wallet (via MetaMask) that you submitted through the “winners” form and your allocation will be displayed. From there, the unlocked portion will be available for claiming. To connect you Avalance web wallet to MetaMask, please see this video.

    Redemption Dasboard

    A few reminders:

    • You do not need to pay for this allocation. This was gifted to you, as a thank you for your support.
    • These will not be airdropped tokens. You need to come claim them, just as any private sale investor would.
    • These tokens vest against the private sale schedule. Only 20% of your $50 allocation will be available initially. Please refer to our Tokenomics for full vesting details.
    • There is no time limit to claim this allocation. You can claim your allocation whenever you’d like (provided it has unlocked), and the dashboard will be available to you forever.
    • The URL to the dashboard will be shared shortly after listing.

    Again, thank you everyone for your love and support. It has been nothing short of inspiring. Everyday we are reminded why we are here, and why we decided to go “all in” on supporting Avalanche growth in every way that possibly we can.

    Over the next week, we will have some product updates coming and a few surprises along the way, so please keep your eyes peeled. And thanks to the amazing Kuen Shahi for her excellent tutorial videos.

  • Private Sale Distribution & XAVA Airdrop

    As we watched the Avalaunch community grow over the last few weeks, two things became clear. The first being that the extraordinary potential of this new technology is resonating, deeply, amongst individuals concerned with a truly scalable and decentralized network. While we certainly could have told you this prior, we achieved a stronger appreciation for just how unique, and quite frankly rare, this community is.

    You could argue that the cryptosphere, over time, has strayed from its ideals. Real decentralization somehow matters less than it once did, and the centralized end of the spectrum is bloated. Avalanche, we feel, represents a meaningful return to those principles.

    The second point worth mentioning is that when it comes to user interest, the Avalanche community is alive and well in this regard, too. There is simply no shortage of individuals who are anxious to be a part of it, and want to contribute with their time, money and passion to its continued growth. As a result of this enthusiasm, the response to the public portion of our private sale inquiry was overwhelming, and simply stated, we severely underestimated the potential demand.

    The unanticipated response presented a few hurdles, but we believe we have found a workable solution. However, before moving forward, let’s take a minute to look back.

    The Avalaunch Fundraise

    By crypto standards, the entire raise for Avalaunch, from seed to private, is small — less than a million dollars total ($944,625, to be exact). The vast majority of this was filled by friends, family, close community members and a few others who have helped immensely along the way. There was zero VC or institutional involvement at any point. This statement is not pejorative. We simply had the privilege of being surrounded by people that believed in what we were doing and were happy to help. This approach may be somewhat unorthodox, but it does offer us a finer degree of control as we navigate through the earliest days. This distinct advantage, we believe, also extends to future XAVA token holders.

    When it comes to our overall launch strategy, our thinking is simple: take in a responsible amount of capital from people we know personally, execute like our lives depend on it, and list directly on Pangolin, with liquidity ($175,000.00, or 5% of the total supply) provided at our private sale price. No hectic IDO, whitelists or confusing sale mechanics. Additionally, with no suitable launchpad platforms already available on Avalanche, this feels like a somewhat obvious choice.

    All in all, pretty straight forward.

    Our Public, Private Round

    With all that being said, we did allocate 10% ($66,412.50) of the private sale for the community we knew was still to come — our future supporters who simply hadn’t had the chance to support us yet. While a public portion of the private round is, in our experience, unconventional, this was an attempt to be inclusive of our, at the time, very small community.

    For context, this public allocation of our private sale represents 36% of our initial market cap of $181,913.

    The Winners, at Random

    The form for our public private round had 4,902 submissions, far outpacing our original estimates. When looking at the amount available, and the number of individuals willing to contribute, the math immediately becomes problematic. There’s simply no good way to slice it and end up with a distribution that even remotely resembles fair.

    So instead of deciding who is in, and who is out, we are just going to give it away, and distribute it evenly to as many people as possible. We won’t be taking any money for it. More specifically, we will be giving out 1,328 allocations, of $50 each, at the private sale price of $.035. The recipients have been chosen randomly from the private sale response form. Like all other private sale contributions, these allocations will be vested according to the private sale schedule, and distributed after our Pangolin listing.

    From where we sit, this is the fairest approach, while also allowing the most amount of people to participate. It’s very hard to be preferential with 1,300+ allocations, and we plan to see a very broad distribution as a result. Instead of a public sale or similar where a very limited number of individuals end up gaining access, what we have here is over a thousand community members participating in our private round, with no financial obligation.

    To be clear, we are giving this money away, and are asking for nothing in return outside of your continued support and enthusiasm.

    How & When?

    If your entry was selected, you will receive an email from hello@avalaunch.app, tomorrow, 5/4/2021, at approximately 9:00 a.m. (PST), with a link to a private submission form. We will announce through our social channels when these emails have been sent out. Through this form, you will confirm your email, and your C-Chain address for the XAVA token distribution. This email must be the same email you provided in your private sale application. No exceptions. Any email submitted which is not on our list of selected recipients will be discarded. If for some reason you need to use a different email, you will unfortunately become ineligible.

    Once the emails go out, recipients will have 48 hours to reply to the form with the information needed for distribution. After the 48-hour period, the form will close, and any unclaimed allocations will be added to the initial Pangolin liquidity when XAVA is listed there.

    XAVA Validator & Delegator Airdrop

    Avalaunch also appreciates the valuable service that the validators provide in securing the network. Let’s face it, if it weren’t for them, Avalaunch wouldn’t be possible. This is the rationale behind our guaranteed allocation for validators in our sales, and also why we have decided to perform a XAVA airdrop to all Avalanche validators and delegators. The total airdrop will be 2,000,000 XAVA tokens which constitutes 2% of the total supply. The airdropped XAVA will come from our Ecosystem allocation, which is 30% of our total supply, and will be used to incentivize and reward token holders and the Avalanche community in the coming months and years.

    Airdrop Details

    The team at Baguette Exchange has established the gold standard in this type of distribution, successfully executing a similar snapshot and airdrop this month. They were gracious enough to share their process and code with us, and we plan to utilize it, while adjusting it slightly for our specific purposes.

    The details are as follows:

    • Snapshot Date & Time: 5/3/2021–12:00 p.m. (PST)
    • Eligibility: Avalanche network validators and delegators
    • Total Distribution: 2,000,000 XAVA (2% of the total supply)
    • Weighting: The tokens will be evenly distributed amongst all eligible addresses
    • Vesting: The airdrop will be vested for 1 year, at which point there will be a daily distribution, occurring over the course of 12 months.

    What’s Next for Avalaunch?

    As a team, we are looking forward to completing this phase of our rollout and moving toward our own launch. Helping the application ecosystem on Avalanche grow stronger is our primary focus, and until we are live, it will be impossible to fully execute on that vision.

    In the coming days and weeks we will have some announcements about our Pangolin listing, as well as more detailed posts about how Avalaunch actually works, and how we think we are different. We have thought long and hard about how Avalaunch can best serve Avalanche, and as we move closer to our first sale, we can not wait to tell you all about it.

    As a project, Avalaunch is here for the long-haul. What we are today is only a fraction of what we will become. In the grand scheme, our launchpad is a big first step, but far from the last one. We will always be here to grow alongside Avalanche as it inevitably evolves and matures.

    To the future!

  • Community Update: Pangolin and the Path Forward

    Avalaunch is a community-oriented project with one primary directive: help foster and grow the Avalanche ecosystem. While there are a number of complex considerations contained within this seemingly simple mission, at the end of the day, this is what we set out to do, and what orients our vision and direction day-to-day.

    To this end, we are excited to announce that Avalaunch will be launching all of our smart contracts on the Avalanche C-Chain, and our token listing and liquidity provision will occur exclusively on the Pangolin AMM. The exact listing date will be announced soon.

    After receiving feedback from the community about a few potential launch strategies (namely a dual listing on both Pangolin or Uniswap, or just Uniswap), it became clear that Avalanche exclusivity was not only the strongest path forward, but also the one most in alignment with the values of the project — especially as it relates to our growing future user base. We are strong believers in the immense potential of the Avalanche platform, and existing alongside the expanding list of applications built on the C-Chain is something we are very excited about. We received an incredible amount of support and guidance from the broader Avalanche community on this topic, which only helped reinforce what we already knew: we are building for a passionate, principled group of people eager to help develop something both special and important.

    This really is a very unique moment in time, and a rare opportunity for everyone involved. Without our community, there really is no point in Avalaunch. We will always remain open to the input of our users and adjust course accordingly.

    From Ethereum to Avalanche

    One question that naturally presents itself is, “Why was Uniswap ever considered at all?” For an Avalanche launchpad, launching on Avalanche and listing on Pangolin seems like the obvious choice? Well, long story short, it is. However, our original thinking on the topic is worth highlighting. To summarize, the decision to explore an Ethereum AMM was a downstream result of other architecture choices, rather than a fundamental desire to list there first.

    Originally, our Avalaunch sales were going to take place via an Ethereum-based smart contract, the results of which would be signed, sent to Avalanche, and the redemption of native assets would take place on the C-Chain — all from within the Avalaunch application. The intention was to leverage the user activity, liquidity, and familiarity that currently exists within Ethereum, and our application could act as a pseudo-bridge between the two ecosystems. We felt this set-up could help smooth the transition from Ethereum to Avalanche by going to the user, instead of asking the user to come to us. Everyone wins.

    While we still think the logic is sound, it did present a few issues, mainly around the XAVA token. The Avalaunch sale allocations are determined by users staking the platform token in our smart contracts, and when these contracts lived on Ethereum, it fragmented the distribution of XAVA in ways that were difficult to manage across both chains. Considerations around the right bridge to use (including one we considered building), being linked to that particular bridge’s representation of the asset on Avalanche, split liquidity, and even a potentially segmented token supply simply became too onerous.

    Additionally, it stirred some debate about which trade-offs were best for Avalanche, or if any tradeoff was appropriate at all. These are important conversations, and ones we hope to continue having, but for now, considering that Avalanche as a platform is more than capable of handling our needs, we are best served there. Whatever challenges around users and liquidity we might encounter will be short-lived, if we encounter them at all.

    The simplicity of returning to Avalanche represented a solution to all our problems and more. Equally as important, it offers us a clarity of purpose that will aid in guiding our future decision making process as we move into listing, launch and beyond.

    Looking Ahead

    As an Avalanche native application, we look forward to supporting other builders and teams committed to developing the ecosystem and community. We are currently in the final phases of development, with our smart contracts being prepared for audit. We are aiming for a launch in early to mid-May, with a listing of the XAVA token on Pangolin a few weeks prior. Before a single sale takes place on Avalaunch, the audit will be publicly available, in addition to our code. This level of transparency is important to us.

    We have received a lot of interest from teams looking to launch through the platform and have begun conversations with some very strong projects who we are certain will add value to the Avalanche platform. It goes without saying that we believe deeply in this technology and what it will offer the space going forward. We can’t wait to find out what Avalanche looks like in a year, two years, or ten years. When we reach that future, what we will see when we look back is anyone’s guess, but what we do know, for sure, is that we haven’t even begun to glimpse it.

  • $XAVA: Token Supply, Distribution & Listing

    For a cursory introduction to Avalaunch, please have a look here or feel free to visit our website. For the TL;DR version, please scroll to the bottom.

    UPDATE — 4/14/2021: Since the publishing of this article, Avalaunch has decided on a Pangolin exclusive listing and our contracts will be deployed to the Avalanche C-Chain. Please see here for more information.

    Introduction

    Avalaunch has set out to raise the bar in fundraising. In spirit, we are wholly supportive of decentralized crowdfunding and subscribe to the ethos of inclusiveness. We believe that IDOs, whilst revolutionary, leave much to be desired. Avalaunch’s aim is to rectify identified inefficiencies while remaining a work-in-progress — continually improving and refining our offerings and technology.

    Tokenomics

    Despite the fact that XAVA has a relatively straightforward, if not traditional supply and distribution, there were considerations:

    The Avalaunch Token, $XAVA

    • Apportioning the correct number of tokens for our forthcoming proprietary staking mechanism
    • Anticipating market demand
    • Sustaining market demand
    • The date and rate at which tokens may migrate from exchanges to our platform
    • Additional token utilities
    • Eventual transition to governance contracts
    • Ratio of liquidity to circulating supply to buyback capability
    • Industry — comparables, projected CAGR, penetration, scalability
    • How to incentivize seed, strategic investors, and respect retail buyers

    While this abbreviated list offers a glimpse into our process, we are aware that ultimately, market forces will exert themselves and play a factor.

    Initial Listing

    As a launchpad, we have decided against the IDO route. While we consider our fellow launchpads to be essential agents of growth for the ecosystem and believe there will be future opportunity for collaboration, Avalaunch feels best served by an initial launch on Pangolin. The current backlog of projects, bottleneck of demand coupled with our desire to remain nonpartisan were contributors, but we believe this approach is also the fairest as it allows for a healthier allocation of tokens for the public.

    Avalaunch Metrics

    Supply

    • Total Supply: 100,000,000

    Distribution

    • Token Sale: 33M
    • Ecosystem: 32M
    • Foundation: 21M
    • Advisors/Partners: 9M
    • Liquidity: 5M

    Sale Metrics

    Seed Round

    Approximately fourteen percent of the supply was dedicated to our earliest supporters who provided seed capital and a willingness to stake their reputation in order for us to forge important alliances. We consider this an extended team and all of them remain involved and are continuously helping us drive the project forward.

    • Seed Round: 14.025M tokens @ $0.02

    Private Round

    Slightly larger allocation of XAVA was dedicated to the private rounds. Given current conditions, this was not an easy decision. The rationale came down to what will, in the long run, most benefit supporters of our project. To be candid, a larger public round would have been our preferred but not our best route. The space is still nascent and the presence of value-add investors will best ensure our future.

    • Private Round: 18.975M tokens @ $0.035

    Total Hard Cap

    $944,625 USD

    Day One

    • Initial Circulating Supply: 5.1975M
    • Initial Market Cap: $181,913 USD

    Liquidity

    Avalaunch will provide 5% of the total token supply in liquidity at an opening price of .035 on Pangolin— the same as our private round.

    Vesting

    Foundation: 6 month cliff, 8.33% released monthly for 12 months
    Ecosystem: 2 week cliff, then 20% released monthly for 5 months
    Advisory: 6 month cliff, 8.33% released monthly for 12 months
    Liquidity Provision: 100% locked for 12 months
    Seed: 10%, then a weekly release for 5 months starting 12 months after TGE
    Private: 20%, then a weekly release for 5 months starting 1 month after TGE

    Conclusion

    We look forward to our launch and very much appreciate the interest and support we’ve been shown to date. We understand that there are crypto enthusiasts who appreciate very abbreviated versions of articles. So, with you all in mind:

    TL;DR

    • Our supply and distribution schedule is anything but arbitrary and weighed myriad factors
    • No IDO — Rather, we will launch on Pangolin at a date TBD
    • Total Hard Cap: $944,625 USD
    • Initial Market Cap: $181,913 USD

  • Introducing Avalaunch

    Avalaunch seeks to be the first protocol, built exclusively for the Avalanche ecosystem, to offer promising and innovative projects a fast, secure and efficient platform for fundraising in a decentralized and permissionless fashion.

    The Problem

    Initial Decentralized Exchange Offerings (IDOs) saw great interest from inception during the DeFi boom of Q2, mirroring the ICO mania of 2017. While the hyper-speculative ICO phenomena was followed by a commensurate crash and burn, the IDO has risen once more. Largely gone are the costly entries to the centralized parties; replaced by a permissionless issuance with low barriers to entry. Projects arrive more mature, hard caps are in the stratosphere and though token generating events are trending, emergent market like DeFi are here to stay. Still, IDOs are not void of challenges nor impervious to problems.

    The current IDO model is broken and is stifling true innovation. We’d like to fix that.

    • Front-running new listings which creates gas wars and the same whale games IDOs were meant to subvert.
    • Confusing exchange mechanics which isolate newer participants.
    • Extremely volatile price action leaving most investors at a disadvantage.
    • Users can have negative experiences and are less likely to return which: Discourages new listings, robbing the space of future potential.

    There are additional difficulties including, but not limited to: prohibitively expensive gas fees, automated market makers dictating price, gamified distributions and incomplete fundamentals. Morever, despite future promises, IDOs are currently restricted to the Ethereum network, placing a relative stranglehold on innovation.

    The Avalaunch Solution

    Though complex and far-reaching as the aforementioned problems are, the remedy to what ails fundraising is quite simple. Avalaunch will endeavor to offer the following functionalities:

    • Low volatility
    • Secure applications
    • Faster Finality
    • Intuitive design
    • Less expensive transactions with higher throughputs
    • The ability to move assets between blockchains

    While the solution is actually quite elegant on paper, it has been hamstrung by the available technology, until Avalanche.

    Avalaunch is a decentralized protocol which will offer token pools and auctions, allowing teams to raise funds for their projects in a permissionless and interoperable environment using the Avalanche Blockchain.

    We will allow the creation and ownership of swap pools, based on both and stable and fluid token prices. Our “Stable Pools” offer projects several advantages over the current models like:

    • Stable price
    • Predictable outcomes
    • More informed investors
    • Secure and compliant
    • Fair distribution of tokens
    • Positive community sentiment
    • Beyond tokens sales — OTC, auctions, whitelist sales

    Conclusion

    Ultimately, secure, fast, transparent fundraising, empowering the right teams, will help drive the space forward. Avalaunch is an investor-centric platform that supports, not confuses, participants by offering an environment in which everyone wins. Our culture is built around fostering innovation and talented teams, which brings real value through useful applications and forward-thinking development. Welcome to the future of fundraising.