Hi All, the below content was shared via Flipstarter for our pre-sale. Including it here for our community’s easy reference. Thanks!
Launch of 1BCH DEX Pre-Sale
As some of you may already know, the 1BCH team is fully committed and fully focused on Bitcoin Cash only.
We are launching our Pre-Sale on BCHPad and Flipstarter to: (i) invite the SmartBCH community to participate in our token launch for the 1BCH DEX and go on this journey with us; and (ii) have sufficient resources to fully develop and launch the 1BCH DEX which we believe will add tremendous value to the Bitcoin Cash ecosystem.
We are looking to raise 50 BCH in exchange for 5,000,000 tokens of 1BCH (see below for more details) via the following:
(i) BCHPad: 40 BCH for 4,000,000 tokens of 1BCH
(ii) Flipstarter: 10 BCH for 1,000,000 tokens of 1BCH
SmartBCH Deliverables
1) 1BCH DEX — This would be similar to UniSwap / PancakeSwap but on SmartBCH. There will be two tokens by our DEX: (a) an Exchange token: 1BCH; and (b) a Farming token: rBCH. For a 180-day period after the launch of 1BCH DEX, there will be a minimum guaranteed rate of 1 token of 1BCH = 100 tokens of rBCH. During this 180-day period, we will buy back the rBCH tokens to maintain such a minimum guaranteed rate. The maximum rate of the rBCH token shall be floating based on the market. You can use the rBCH tokens for staking in the 1BCH DEX.
2) BCH <> SmartBCH Bridge — This is non-custodial and would allow people to move their BCH from BCH Mainnet to SmartBCH easily. It is a free service, which means that there is no fee to use this service because we do not have access to your funds at all. In addition to this free service, moving forward, we would be connecting with relevant parties to add liquidity for this bridge so that all BCH folks may benefit from such a bridge.
Our Credibility and Commitment to BCH
Prototype: We have been working on 1BCH.com since August 2021, and we are excited to share with the SmartBCH community a prototype of 1BCH.com. The link to our prototype will be shared on our Telegram chat and Twitter account during this Pre-Sale phase. After funding has been completed, we will finalize our testing phase, fix any bugs that may occur and launch it on the SmartBCH Mainnet.
Private Doxx Audit by BCHPad: We have undergone and passed a private doxx audit by BCHPad. BCHPad’s announcement will be shared on our Telegram channel (see links below).
1BCH’s Open Source Code: Our open source codes can be found here: https://github.com/1bch for everyone to review.
Involvement in the BCH community: We have been involved in the BCH and SmartBCH community for a significant time. Our website 1BCH.com has been active since 2018 as a BCH-focused exchange. Please see Web Archive links: https://web.archive.org/web/20190615000000*/1bch.com
Locking of Tokens: All the team tokens will be locked for a period of 12 months (from close of pre-sale) using an accredited and audited third party lock-script, such as smartbchlock.bscrypt.finance
Locking of Funds raised: 50% of the funds we raise in our pre-sale will be locked for a period of 6 months (from close of pre-sale) using the same accredited and audited third party lock-script as mentioned above
Third Party Audit: When 1BCH.com is officially launched on the SmartBCH Mainnet, we will do a third party audit prior to our main sale.
Why are we Bullish about 1BCH and SmartBCH?
As a DEX, at 1BCH.com, we will be delivering more DeFi functionalities than just a typical DEX which will create a more complete 1BCH DEX and DeFi experience on SmartBCH.
The other DEXes on SmartBCH are relatively new, and there are no established ones at the moment. Hence, in our view, it is beneficial that there are a few DEXes, which will compete for the attention of the SmartBCH community and improve technologically and launch new products. We firmly believe we have an incredible proposition and excellent team to contribute to the SmartBCH community.
We are also very bullish about liquidity flowing into the SmartBCH ecosystem. It is still very early days in the BCH / SmartBCH community and roadmap. We expect the liquidity flowing in to increase significantly in the future as more exciting projects launch on SmartBCH.
Who are Team 1BCH?
We have been deeply involved in the BCH and SmartBCH community for a number of years. As mentioned above, our website 1BCH.com has been active since 2018 as a BCH-focused exchange (see Web Archive links: https://web.archive.org/web/20190615000000*/1bch.com) and in other BCH-focused initiatives.
With the launch of SmartBCH, it is a natural progression of 1BCH.com into the 1BCH DEX. We are more confident than ever of the future of BCH and SmartBCH.
The 1BCH Team comprises experienced SmartBCH developers, and seasoned blockchain product and project leads. Each member has extensive experience in the blockchain space, and have been involved in SmartBCH almost since inception.
We are firm believers and evangelists of BCH and SmartBCH. We have expertise building BCH, SmartBCH and blockchain infrastructure and executing successfully on our plans. Examples of our work include: non-custodial payment solutions, blockchain gaming, video on-demand platforms, etc.
Due to the aggressive nature of regulators and regulations, many are concerned about involvement in tokens and would want to avoid any form of legal troubles. As such, we’ve decided to maintain our anonymity while committing to a private doxx by BCHPad.
Despite our anonymity, we have set up ways to communicate and build trust and rapport with our community while maintaining our anonymity to a certain degree. You can contact the team and its developers on Telegram and Twitter (see links below).
1BCH Tokens
There will be a fixed supply of 250 million 1BCH tokens. We will be distributing 10% of the 1BCH tokens across our Pre-Sale and Main Sale with the following listing prices respectively:
Pre-Sale: 5M 1BCH tokens to be distributed at the rate of 1 BCH = 100,000 1BCH tokens
4M 1BCH tokens to be distributed via BCHPad for 40 BCH
1M 1BCH tokens to be distributed via Flipstarter for 10 BCH
Main Sale: 20M 1BCH tokens and at 1 BCH = 50,000 1BCH tokens or the prevailing average 1BCH token price (whichever is higher) within 2 months of launch of 1BCH.com DEX
Our team will keep 20% of the 1BCH tokens so that our team is well aligned in the success of what we are doing. Our team will have a lockup period of 12 months for our tokens so none of our team members is allowed to sell our tokens during the next 12 months. As mentioned above, all the team tokens will be locked for a period of 12 months (from close of pre-sale) using an accredited and audited third party lock-script, such as smartbchlock.bscrypt.finance
The remaining 70% of the tokens will be allocated towards community development, marketing, staking rewards, liquidity pool, and partnerships. The 1BCH tokens have a fixed supply and there will be no new tokens minted after this BCHPad and Flipstarter campaign is funded successfully.
*** When you are contributing to us via Flipstarter, please remember to post your SmartBCH wallet address in the comment field for us to send your respective 1BCH tokens to you.
Our 1BCH DEX is scheduled to launch approximately on 30 November 2021. 1BCH tokens will be released within 24 hours of the DEX launch. If we are able to launch earlier than 30 November 2021, we will give everyone in our 1BCH community at least 72 hours prior notice via our 1BCH.com Telegram group.
Community Engagement
If you wish you reach out or join our 1BCH community, please reach us at:
Telegram (English): https://t.me/DeFi1BCHEnglish
Telegram (Chinese): https://t.me/DeFi1BCHChinese
Twitter: https://twitter.com/1BCHOfficial
Important
Our Flipstarter page, BCHPad campaign and 1BCH do not, and are not intended to, constitute, or form any part of, an offer for sale, prospectus or invitation to obtain the 1BCH tokens. Before contributing, you are advised to take professional advice. By contributing, you confirm that you are not a citizen or resident of the USA and/or a jurisdiction which prohibits your involvement in cryptocurrency related activities.