Dual DEX Initial Liquidity Offering
Dual ILO will take place on Uniswap & Polkaswap simultaneously
What is an Initial Liquidity Offering?
An Initial Liquidity Offering (ILO) is the sale of a token to provide the first liquidity pool for trading on a Decentralized Exchange (DEX). In a DEX there is no centralised authority so a mechanism called Automatic Market Maker (AMM) is used to facility trading and “swapping” between buyers and sellers. This is where an Initial Liquidity Offering (ILO) comes into the picture. In an ILO, a new token is offered to buyers who agree to contribute to the liquidity pool so the AMM can function.
$UMI Dual Initial Liquidity Offering
Umi Digital will have two ILOs that will each sell $UMI simultaneously to bootstrap the initial trading of Umi Token on two different Decentralised Exchanges (Polkaswap & Uniswap). Here are the full details:
Available ILO Supply: 3,000,000,000 UMI
ILO Sale price : $0.00024 USD / UMI
ILO Sale Period: 30th July to 20th Aug (Technically 00:00 August 21st, JST)
Participating Exchanges: and Polkaswap
Accepted Cryptocurrencies: Ethereum (ETH) and Sora (XOR)
Official ILO Sale Page: https://umi.digital/ilo/
There will be two ILO sales and participants can choose to join using Ethereum (ETH) or Sora (XOR). All proceeds from ILO will be locked up in the corresponding DEX to provide liquidity for traders. Sales via XOR will be locked up on Polkaswap and sales via ETH will be locked up on Uniswap.
Ethereum ILO Contribution Information
The proceeds of all funds will be locked in a liquidity pool on Uniswap to bootstrap the trading of $UMI.
Token Info
● Symbol: UMI
● Type: ERC20
● Decimals: 18
● Price 0.00024 USD
● Minimum buy-in: 0.1 ETH
● ILO Sale Period: 30th July to 20th Aug (Technically 00:00 August 21st, JST)
To enter the Ethereum ILO sale page, please proceed to this page:
https://umi.digital/ilo/eth-2/
Sora ILO Contribution Information
The proceeds of all funds will be locked in a liquidity pool on Polkaswap.io to bootstrap the trading of $UMI.
Token Info
● Symbol: UMI
● Type: XOR-SS58
● Decimals: 18
● Price 0.00024 USD
● Minimum buy-in: 1 XOR
● ILO Sale Period: 30th July to 20th Aug (Technically 00:00 August 21st, JST)
To enter the Sora ILO sale page, please proceed to this page:
