Optix Announces Launch of $OPTIX Token via FjordFoundry's LBP Platform (Updated)
UPDATE - 8th of May
Hi Everyone, Due to some issues outside of our control we are going to have to delay the token sale a few weeks and also change to a different venue to do the sale. We are still super excited that the token sale is happening soon we just need to confirm a few things before sharing the details. As soon as we have more information it will be communicated. Thank you for your patience.
We at Optix are excited to share that our governance token, $OPTIX, will be launched through a specially curated event on the FjordFoundry's LBP (Liquidity Bootstrapping Pool) platform. This significant partnership signals the beginning of what promises to be a thrilling journey into the future of decentralized finance.
A New Era in Trading
Optix is setting a new standard as the premier exchange for altcoin options and perpetuals. By ingeniously leveraging the trading volume from perpetuals, we enhance the liquidity available for options. This innovative approach allows traders to merge options and perpetuals into strategies that require lower collateral and provide tailored payoffs.
Real Yield with $OPTIX
$OPTIX isn't just another token. As the governance backbone of Optix, holding $OPTIX does more than just give you a say in our platform's future directions—it also allows you to share in our success. Token holders benefit directly from the platform’s economic activities, earning from trading, borrowing, and liquidation fees generated across both perpetuals and options. This integration of governance and profit-sharing underscores our commitment to aligning the interests of our stakeholders with the long-term health and success of the platform.
The Launch on Arbitrum
The $OPTIX token will be launched on the Arbitrum network, leveraging its capabilities for high performance and low fees. The LBP event is scheduled to start at 13:00 UTC on the 14th of May (Tuesday) and will run until 13:00 UTC on the 17th of May (Friday).
Understanding the Liquidity Bootstrapping Pool (LBP)
The LBP is designed as a Dutch auction, where the token price starts high and gradually decreases. This method helps prevent manipulation by sniper bots, ensures a fairer distribution of tokens, promotes community involvement, and fosters a democratic ethos by equalizing early access opportunities. For more detailed information on how LBPs function, you can visit a detailed guide here.
Supported by Industry Leaders
Our journey is backed by the confidence and support of industry titans such as Skynet Trading, Ascensive Assets, Morningstar Ventures, Arrington Capital, SkyVision Capital, HTX Global, Phemex, and Lvt Capital. Their involvement underscores the potential and promise of Optix and $OPTIX, enhancing our platform's credibility and scale.
As we step into this new phase, we invite you, our community and future stakeholders, to join us in shaping the future of decentralized finance. The launch of $OPTIX is not just a milestone for us but a gateway to endless possibilities in the cryptocurrency space.