Official WOM Token Dutch Auction page

WOM Token Dutch Auction

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What is WOM?

WOM Token Dutch Auction

A total of 350,000,000 WOM Tokens will be distributed during the auction. This represents 35% of the total WOM Tokens that will be created.

The auction will begin at an effective cap of $350 million priced in ETH. The effective cap will be adjusted according to the current ETH exchange rate just before the auction begins.

The effective cap will decrease--quickly in the beginning and slowing down over time--until the number of contributions reaches the cap. The sale ends when the total contributions reach the current cap or at the end of 15 days, whichever is first.

If the soft cap of $10 million priced in ETH is not met by the end of 15 days, the money raised in the Dutch auction will be returned to the contributors.

Early-Participation Bonus

The sale will start with a bonus to incentivize early participants:

Day 1: 20% ETH bonus
Day 2: 15% ETH bonus
Day 3: 10% ETH bonus
Day 4: 5% ETH bonus
Day 5+: No bonus

How it works

Unlike usual Dutch auctions, participants do not bid on a number of WOM Tokens at a given price. Instead they contribute the amount they are willing to spend. The earlier a participant contributes, the more WOM Tokens they receive as the price decreases. Everyone who participates pays the same final token price, regardless of how early they contributed.

For example, a participant commits 100 ETH on the first day when the current effective cap is 500,000 ETH and the market price per WOM Token 0.0014 ETH = 1 WOM. At this point, if the effective cap is met, the participant would receive roughly 70,000 WOM plus 14,000 WOM for the 20% Day 1 bonus.

If the effective cap is not met until one week later when the effective cap has fallen to 100,000 ETH, then the market price per WOM Token is 0.00029 ETH = 1 WOM. The participant would then receive roughly 350,000 WOM plus 70,000 WOM for the 20% Day 1 bonus.


The Pricing Formula

The initial token price starts at approximately $1.00 per token priced in ETH and will decrease over 15 days to end at approximately $0.03 per token priced in ETH (unless the effective cap is reached sooner). The token price in ETH will be adjusted on the first day of the sale according to the current ETH exchange rate.

The formula to determine the token price at a given time is:

y = [33200 / (x + 80) - 65] / 350

Where x is the number of hours passed since the beginning of the auction.
Per this formula, the token price after the first day is approximately $0.72 priced in ETH, after the first week is approximately $0.20 priced in ETH, etc.

Quick stats

350,000,000 WOM Tokens available

WOM Token price starts high, decreases over time

Auction duration is 15 days

Everyone pays the lowest price per WOM Token

Bonus structure:
Day 1:
20% ETH bonus
Day 2:
15% ETH bonus
Day 3:
10% ETH bonus
Day 4:
5%  ETH bonus

$350 million effective cap priced in Ether Approximately $1.00 per token priced in ETH

$10,000,000 soft cap priced in ETH Approximately $0.03 per token priced in ETH

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To inquire about the WOM Token private sale and for general inquiries, please contact: info@womtoken.io