📂
Foodcourt
  • Welcome to Foodcourt!
  • Change logs
  • News & Annoucement
    • Say hello 2023
    • Roadmap 2022
    • Multiplier Adjustment
    • 新正如意 新年平安
    • The 4th ILO (Ryoii)
    • Another Major Change
    • Get Support from KillSwitch for REI Chain and more
    • The next big things
    • The 3rd ILO (KillSwitch)
    • Information for 3rd ILO (KillSwitch)
    • Multiverse and more
    • [!!!-IMPORTANT-!!!] Migration to v.2
    • The 2nd ILO (Samoyed)
    • New my favorite food @Fleamarket
    • Major change and more
    • Most impact update ever after audited
    • The 1st ILO (Loremboard) and so much more
    • The Great Depression ACT
    • Critical Issue found on r token
    • End of June 2021
    • New listed pool & multiplier adjustment #1
    • High Inflation ACT
  • Innovation 🥢
    • 1# Dual Fair-Lunch 🍱
    • 1# Wrapped yield farming
    • 1# Double standard yield farming
    • 1# My favourite food @Fleamarket (1st Vote Deprecated)
    • 1# My favourite top 100 restaurants
    • 1# My Favorite Snack
  • Vote for multiplier
    • December 2021
    • November 2021
    • October 2021
    • September 2021
  • Tokenomics
  • Roadmap & Usecase 🛣️
  • Burn-them-all 🔥
  • International-Food-Festival
  • Initial-Lunch-Offering
  • Cafeteria
  • SnackBar
  • Portfolio-visualization-tools
  • Official Partnership
  • Auditors
  • Operating Chains
  • Full transparency
  • Open-letter-to-rugdoc
  • NFT Gaming
    • Phase 1
      • Classes
      • Character
      • Cooking
      • Foodcourt Marketplace
      • Kururu (User Marketplace)
    • Phase 2
      • Improve Graphic
      • Connect to real sector
    • Phase 3
      • PVP
      • Item
    • Phase 4
      • Innovative farming
    • Phase 5
      • Connect to a real existing game
    • How is it fun?
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  1. News & Annoucement

Information for 3rd ILO (KillSwitch)

As we've mentioned before

The Second ILO we use BNB <=> BUSD LP and some user take benefits from short deflation periods of time when we buy back and burn coupon, so for next ILO we will use only BNB <=> COUPON LP.

This time specifically, we have to change to USDT <=> BUSD LP from foodcourt to buy ksw token.

Here are reasons ::

1) Lots of capital will be raising 5M$ USD for hardcap due to high amount of capital if we use BNB <=> COUPON LP users who come back later might buy higher price than they're expected, it might not just slightly different price it possible up to 100% to 200% higher.

2) We will not buy back one time after we received 30% from ILO, we will slowly buy back and burn within 1 weeks and different amout of capital for each time. This will protect user who want to gain benefits from one time high deflation.

2) We decide not only use USDT <=> BUSD LP from Killswitch ILO to buyback & burn within 1 weeks but also use many way to deflate $COUPON Token please stay tuned after KSW has finished. For example we might use some of stable coin to buyback coupon and boosted with killswitch (Please stay tuned for update)

Here are details ::

  • Killswitch will sale 20,000,000 KSW Token at 0.25$ per token.

  • 70% of LPS will go to ksw , 30% of LPS will go to foodcourt and use for buyback and burn

  • KillSwitch ILO will be start within OCT 2021

  • ILO sale periods is 7 days.

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Last updated 3 years ago

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