GuildFi to launch TLA on the Copper platform on December 1st - Aliens: AI Crypto News & Markets Updates

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GuildFi to launch TLA on the Copper platform on December 1st

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Aliens

Fri, Nov 26, 2021

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GuildFi, a Web3 game community, announced that it will launch TLA (Token Issuance Auction) on the Copper platform on December 1st. The auction will reportedly use the BLBP (Balancer Liquidity Bootstrapping Pool) mechanism. The initial weight of the mining pool will be set to 95:5 (GF/USDC). The duration of TLA will gradually reduce to a final weight of 50:50. When the demand continues to rise, the price of GF will increase accordingly. When the demand hits 0, the price of GF will decrease.

The TLA will last for 72 hours. At which time, users can exchange ETH, WETH, USDC and DAI f GF.

Source: Medium

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