The decentralized launchpad Bazaar and the cryptocurrency casino Shuffle have teamed up to support the latter’s liquidity bootstrapping pool (LBP), which creates the on-chain liquidity for tokens.
The collaboration precedes Shuffle’s airdrop, which will disperse 10% of the 1 billion SHFL token supply in early March. A release states that the LBP will take place from March 10 at 5:00 p.m. ET (22:00 UTC) until March 12 at 5 p.m. ET (22:00 UTC).
Shuffle’s collaboration with Bazaar enables users on Ethereum, Base, Arbitrum, Polygon, ZkSync, and Optimism to be accessible across chains.
The SHFL token launches at $1, following a predefined curve. Throughout the LBP, buys and sells have an impact on prices. Until the achievement of the hard cap of 20 million USDC, anyone may purchase or sell SHFL tokens in the LBP at any moment.
After the sale, users claim SHFL, and unsold tokens are returned to the treasury. LBP’s USDC is used to boost core platform limits and seed SHFL trading liquidity.
Shuffle stated in a statement, “This partnership between SHFL and Bazaar signifies a leap forward in token launch methodologies, promising an equitable, secure, and dynamic participation experience for our community.”
Additionally, it says, “Following the LBP’s conclusion, Airdrop 1 will be claimable on the platform, marking the end of SHFL’s first airdrop and the full launch of the SHFL token.”
Three airdrops will account for 28% of Shuffle’s token supply, and the next two airdrops will release 9% of all SHFL tokens in the upcoming years, according to a recent report.
An official from Shuffle informed, “Bazaar makes the launch of SHFL as open as possible. We’re super excited to be working with them for the first step in our of the launch of SHFL and our airdrop.”
