Price Determination
The sale will have 10,000,000 $SNEK allocated, and you can contribute with $AVAX/$wAVAX in exchange for $SNEK tokens, which will be claimed after the sale ends. The tokens you receive will have the same value per dollar as all other participants.
Price during Liquidity generation event is calculated by formula
P0 = Initial Price
$AVAX_Raised is the value of all $AVAX raised during the Fair Auction, and:
Pmaxlge is 0.002 AVAX per $SNEK.
Initial Liquidity pool seeding will be half the price of the LGE. Participation in LGE means you may pay slight premium price but you are protected against bots at launch.
The initial seeding price of liquidity will be determined by the formula
P0 = Initial Price
$AVAX_Raised is the value of all $AVAX raised during the Fair Auction, and:
Pmax is 0.001 AVAX per $SNEK.
After the auction, the SoliSnek team will add an extra 10,000,000 $SNEK to the $AVAX raised and provide it as liquidity in the form of vAMM-SNEK/wAVAX. The LGE has a maximum of 20,000 $AVAX that can be raised, with a price ceiling of 0.001 AVAX per $SNEK.
At least 10,000 $AVAX will be paired with the 10m $SNEK for POL, and any additional funds up to 20,000 $AVAX will be used for bribing, operational costs and future development.
At an $ AVAX price of $17, the value of $SNEK is $0.017 per token.
Initial Snek/wAVAX pool will have 2% swap fee for POL build-up
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