We’re excited to share the launch date of StarSwap DEX with our STAR community! The DEX will launch on the 7th of July at 7am UTC and the Liquidity Generation Event, the fair launch of the $STAR tokens will be begin on the 4th of July at 7am UTC.

StarSwap will be the most fairly launched token in the Astar ecosystem. The Liquidity Generation Event is 100% community oriented and 100% of the ASTR collected during this event will be added as the first liquidity for STAR-ASTR pair on the DEX.

You can send $ASTR tokens during the LGE event, and will be apportioned a proportional share of the allocation of 4.4M tokens at the end of the LGE. This allocation is distributed to everyone who sends $ASTR during the 72 hours over the vesting period of 30 days to 120 days.

The amount of STAR tokens users can claim will be based on the share of total deposits at the end of the LGE. Everyone who deposits $ASTR will have their Fair share of $STAR.

All the ASTR tokens collected from the launch, along with 3.6M STAR tokens will be used to seed initial liquidity for the ASTR-STAR pair on StarSwap.

This will make the price of STAR token go about 23% higher than the effective ASTR/STAR exchange rate for participants in the fair launch. This makes sure the community participants are already at profit.

This community focused LGE is to ensure plenty of early liquidity, and a fair and transparent operation of the platform.

Tokens allocated for LGE: 4.4M $STAR
Minimum ASTR required to participate: 500 ASTR
LGE Launch Starting Date & Time: 4th of July at 7am UTC
LGE Launch Ending Date & Time: 7th of July at 7am UTC
Vesting of Star Tokens: The STAR tokens users acquire is vested and distributed in a drip feed manner. Users will be able to collect 25% of the tokens they are entitled to in every 30 days. So by 120 days all the tokens you’ve received in the LGE will be unlocked.

It’s time to mark you calendars and stack up your $ASTR tokens.

Tagged with: StarSwap, Star Swap, Star Token, StarSwap Launch