Thread by @MinswapDEX

@officialmocossi LBE is coming to #Minswap on July 15th 🔥. This will be the first Launch Bowl Event on Minswap and will have some improvements from the time the Minswap LBE was deployed.

How will it work? 👇

There will be 2 phases: Discovery and Encounter. In the Discovery phase (lasts 10 days), participants can deposit $ADA and receive “mcosADA” in exchange. This mcosADA can be redeemed for $ADA anytime, but during the last 2 days of the phase there will be a 25% fee for doing so.

In the Encounter phase, you can redeem $MCOS/$ADA LP Tokens for the mcosADA you had previously obtained, as well as 2 NFTs. By supplying $ADA you are swapping half of the $ADA for $MCOS, at the price which will be determined at the end, depending on how much $ADA was deposited.

Afterwards, you can stake those $MCOS/$ADA LP Tokens, which is where the NFTs come into play. The first NFT is the “Functional” NFT. Essentially, it is a ticket to participate in an exclusive farm pool with higher rewards available only to LBE participants.

A wallet can only stake as many LP tokens in the exclusive farm pool as the amount obtained in the LBE. For example, if you participate in the LBE with 1,000 $ADA and thus receive let's say 1M LP tokens, you are only permitted to stake 1M LP tokens in the exclusive farm pool.

If users have more LP Tokens they want to stake that they did not obtain in the LBE, they can stake them to the “normal” pool. Both the normal and exclusive pools will give $MIN, $MCOS, and $ADA, but there is a dynamic ratio between them.

Initially, it will be 95%-5%. This means that 95% of the $MIN, $MCOS, and $ADA rewards allocated to the $MCOS/$ADA Pair will go to the exclusive pool, and 5% to the normal pool. This incentivises participation in the LBE.

Lastly, the 2nd NFT is the “PvP” NFT. This NFT is issued by Mocossi and is mainly reserved for PvP gameplay, so users can exchange it for game assets in the PvP phase. Depending on the amount of $ADA deposited, participants will obtain one of the NFTs shown in this infographic.

With the LBE, @officialmocossi will launch their token in a way that avoids front-running, IDO sniping bots, huge congestion queues and overall distributes the token fairly & open to anyone. It will also allow Mocossi to remain in control of≈50% of the resulting Liquidity Pool.

If you would like to know more about the Mocossi LBE on Minswap, don't miss our upcoming Twitter Spaces together at 3pm EST today here:

https://twitter.com/theuttermost/status/1546479689593667584

Or read more here: mocossi.substack.com/p/liquidity-bo…