BOOST COIN STEALTH LAUNCH
In order to ensure a fair launch, our team made the decision to launch the Boost token contract on Etherscan (https://etherscan.io/token/0x4e0fca55a6c3a94720ded91153a27f60e26b9aa8) approximately 24 hours prior to the announced fair launch. This served several functions, all of which will be outlined in this report, as well as all documentation pertaining to purchases made by the team and attempts by outside parties to “snipe” the launch and our ensuing actions carried out by the development team of Boost to ensure our fair launch took place as planned on August 9th at 7:00PM +UTC.
What we did
On August 9th, 2021 at 07:42:18 PM +UTC we added 90 Ethereum to the Liquidity Pool (https://etherscan.io/tx/0x3f7f26eb03a068a0df6bac72c881f299a91c3cde4bfd05fd3459d06d22070ce2). We then proceeded to observe the chart on DexTools to see if anyone would attempt to “snipe” the pool. During the first hour, we had 7 buys and one sell. The seller purchased twice in the same second using a bot. You can view those purchases here:
And then subsequently sold with no profit at 1 minute and 54 seconds later, with no transactions in between. This is that sell:
This totaled 0.63 ETH in buys and 0.042 in sells. All wallets were immediately blacklisted and their tokens were permanently frozen. We plan to refund the 0.59 ETH to these purchasers as we assume that they made these attempts in error and deserve to receive their funds back.
From there, we made purchases of our own totaling 30 ETH. You will notice that in accordance with our restrictions pertaining to maximum transaction size (5,000,000) and maximum wallet size (9,500,000) we required 13 separate wallets to complete these purchases. These wallets can be viewed here:
During this period we had 22 additional purchases, all of which were subsequently blacklisted, thus freezing those coins permanently. Here are those transactions:
This is the address of the token contract owner, where you can see the transactions where addresses were added to the blacklist:
Lastly, we sent all the tokens purchased from the team wallets to the global Ethereum Burn Wallet. You can see those transactions here:
When we burned these tokens, it triggered sells due to the tokens that were collected from the tax. We bought back tokens to restore the liquidity pool to 120 ETH and will be burning these tokens again immediately after the public launch as buys come in. The transactions are listed below:
Here is a screenshot of the boost token holder list at 2:59pm, one minute before the fair launch.
*** – Add screenshot
Additionally, the dev locked liquidity through UniCrypt for 3 months. We decided to choose this a couple of reasons such as potentially migrating to Uniswap V3 or to our own swap platform. The proof of liquidity lock can be found here:
Why we did it
There were many benefits to the community for the actions we took, but most importantly, this allowed us to ensure the fair launch of Boost Coin which we promised the community. To date, we are the only known project to perform this type of launch, which came with many risks. We are delighted to share that it went off exactly as planned.
Here is a breakdown of the benefits that the community has received as a result of the incredible work by the Boost Development Team:
1) Increased Liquidity
The team made a decision early on to have 90 ETH donated to the liquidity pool as a gesture of good faith to the community and to help establish a floor value for Boost Coin. By performing the stealth launch we were able to add an additional 30 ETH
2) Raising The Floor
The 30 ETH purchased on market enabled us to increased the previously established floor value of Boost by 72.18% to $0.00098656.
3) Increased Value Of Remaining Supply
In addition to the value derived from purchasing Boost coins on market, by sending all purchased coins to the 0x….dEaD wallet, we were able to burn more coins than our initially planned 50%…this worked out to a final tally of XX%, thus further increasing the floor value of Boot coin by XXX%
4) Data aggregation
Sites such as CoinMarketCap and DexTools have certain requirements of data necessary to trend or be listed. By doing this one full day before the fair launch, we were able to be placed in these positions faster than any other project, thus increasing the likelihood of a successful launch.
The Boost team prides itself in being one of the most transparent projects in the cryptocurrency ecosystem. By providing this information to our community of holders, we yet again show just how serious we are about fulfilling this expectation. If there are any further questions or concerns we invite you to join us in our community discussion on Telegram https://t.me/TheOfficialBoostCoin
The Boost Coin Team