Announcing Indigo Liquidity Bootstrapping Event on Minswap Launchbowl.

TLDR; a high level overview of the upcoming Indigo LBE on Minswap.

Today, we are thrilled to announce that our next Minswap Launch Bowl will be the Indigo Liquidity Bootstrapping Event (LBE), starting on November 14th. Indigo will be the first protocol on Cardano to offer synthetic assets. The first “iAssets” will be iBTC and iUSD (which will be the first native stablecoin on Cardano). Indigo iAssets provide on-chain exposure to real-world assets that Cardano DeFi users may not otherwise have access to.

Indigo LBE Overview

  • Indigo has committed to a Fair Launch with no pre-mine, pre-sale or distribution of INDY (the Indigo DAO’s utility token) prior to launch.

Indigo LBE Timeline

  • November 12th — Time to be announced — Indigo and Minswap Twitter Spaces.

Indigo LBE Key Steps

Phase 1: Discovery Phase (6 days)

  • Starting on November 14th 5am UTC, anyone will be able to supply $ADA to the Indigo LBE and will receive “goADA” in exchange.

Phase 2: Encounter Phase

  • Starting on November 21st 3pm UTC, LBE participants may exchange their goADA for ADA/INDY LP tokens.

Summary

Indigo’s LBE consists of 2 phases: Discovery and Encounter. The Discovery phase will last for 6 days, and the eventual INDY/ADA price will be determined fairly by users at the end. During the Encounter phase, to claim their INDY/ADA LP tokens, users must redeem their goADA obtained. Claimed tokens may then be staked in Minswap.

Please check our Discord and Twitter throughout the event to stay updated!

Disclaimer

Please note that participating in any of Minswap Launch Bowl is a high-risk endeavor and that Minswap is not liable for any losses incurred by using our platform. The project’s information displayed on Minswap Launch Bowl does not provide financial advice or guarantee a return on investment. It is users’ responsibility to do their own research and make their own judgments. Neither Indigo Laboratories, Inc., Minswap nor the Team are liable for damages caused by users’ decisions. The Participant(s) shall conduct their own due diligence on the Project(s). The Participant acknowledges, agrees, and understands that the Website and the content published herein shall not constitute investment advice, financial advice, trading advice, or any other sort of advice and that the Participant shall not treat any of the Website’s content as such. The Participant alone assumes the sole responsibility of evaluating the merits and risks associated with using any information or other content on the Website before making any decisions based on such information.

The Participants acknowledge, agree, and understand that the Minswap does not, in any way, supervise, direct, or control any of the Projects and does not control, verify, assure, guarantee and warrant that the information provided by the Project to the Participant(s) through the Website are honest, accurate, complete and updated.

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