LFG: The $VIN Launch Guide for Alpha Vaults & Trading
This article is directed at those who want to get their hands on $VIN Token early enough (through the ‘Alpha Vault’) AND / OR participate in the $VIN Token Launch. https://lfg.dvinlabs.com/
We’ve published updated versions of our Whitepaper and Tokenomics Guide. The enthusiastic feedback we have received from the Community has been heartwarming. For those that haven’t had a chance to get fully up-to-speed with dVIN and the native token $VIN, we encourage you to read through those guides.
This article is directed at those who want to get their hands on $VIN Token early enough (through the ‘Alpha Vault’) AND / OR participate in the $VIN Token Launch.
We’re going to walk through this assuming you are a ten-year-old. At the same time, we’re confident that you’re above age if you’re already into drinking wine!
What is the ‘Alpha Vault’?
The Alpha Vault lets long-term dVIN believers buy $VIN at $0.04.
At $0.04, this means $VIN market capitalization is valued at $7.2M.
In return, their $VIN tokens are unlocked over 30 days.
If you are a long-term dVIN follower, and you want to bid into the Alpha Vault - this is what you need to know:
Step 1 - Deposit USDC into the Alpha Vault
You can deposit USDC into the Alpha Vault before the bonding curve begins. This gives the opportunity to deposit for $VIN at the bonding curve start price. However, your tokens unlock over 30 days - which means everyday, for 30 days, you can claim $VIN in your wallet through our LFG landing page or on Meteora.
You can make more than one deposit during the period the Alpha Vault is open.
Start date and time: Friday, 20th September 2024 | 11.00 AM SGT | 03.00 AM UTC (it will be open for 24 hours).
Close date and time: Saturday, 21st September | 11.00 AM SGT | 03.00 AM UTC.
Step 2 - Trades are settled in the Alpha Vault - this takes less than an hour
During this period you can sit back, relax and even have a glass of vino. 🍷
This is because the deposits in the Alpha Vault will be settled automatically within the period of 1 hour after it closes. Those who deposited can withdraw refunded USDC from the Alpha Vault once the deposits are settled.
Everyone who deposited USDC gets an allocation, pro-rata of the 12.5M tokens in the Alpha Vault, and the USDC that exceeds the deposit limit of the Alpha Vault will be refunded. A pro-rata share means a fair portion of the tokens to the proportion of the USDC deposited.
Let’s imagine the vault oversubscribes by 100% (i.e. double its size). This means that for every $2 USDC deposit, you will be refunded $1 USDC, and the remaining $1 USDC will stay in the vault and will be settled for $VIN. This is important, because we expect the Alpha Vault to be oversubscribed.
Step 3 - Remove any refunded USDC from the Alpha Vault
Once the deposits are settled in the Alpha Vault, refunded USDC can be claimed. We recommend you do this immediately if you want to take part in Step 4.
Step 4 - $VIN starts trading in the open market
This is when $VIN Launches and starts trading in the open market.
You can place your buy order on LFG with Jupiter Exchange. For convenience, the LFG Landing page will include a custom Jupiter Exchange interface. If you purchase $VIN tokens will go directly to your wallet. There will be no unlock period, and you may sell your tokens at any point.
dVIN will use an LFG Bonding Curve. This means $VIN tokens are being sold at different prices depending on the stage of the bonding curve.
Token price starts at $0.04 and ends at $0.16 within the bonding curve.
Other Practical Tips
→ Safety tip
The contract address is 6B2X4NmSsmkiT8ytFEVt15igRSgsKNGZ3j3WWeidupE8.
Always double-check. Always refer to links from the official dVIN Labs accounts. https://solscan.io/token/6B2X4NmSsmkiT8ytFEVt15igRSgsKNGZ3j3WWeidupE8.
→ Slippage
The price of $VIN may be volatile at launch. You might need to set higher slippage tolerances to land your transactions.
You can also set a DCA or Limit Order on Jupiter's LFG page.
→ Priority Fees
As the launch will be very high-traffic, you may see increased priority fees when claiming or swapping. Jupiter’s LFG page automatically optimizes the priority fee setting for you. Consider setting a max cap on the UI to ensure that you don’t overpay.
Disclaimer and Regulatory Guidelines
dVIN is committed to following all applicable regulatory guidelines. As a result, dVIN will not be able to enable deposits to prospective participants in the United States (and its territories), Canada, China, Cuba, Iran, Myanmar, Syria, as well as other unsupported jurisdictions.
Read here for the full disclaimer and regulatory guidelines.
LFG,
dVIN Labs ( 🍷, ⛓️)