PrivacySwap DEX launch: important announcement
Hi guys, as some of you already know, and some may not, we’re going to reiterate some things here. We ARE going to be 𝐃𝐄𝐋𝐀𝐘𝐈𝐍𝐆 our launch to target the FIRST WEEK of JANUARY. The reasons are because: (1) Paladin strongly advised us to do so in order not to rush the audit and testing, and (2) we want to make sure that we launch a 100% flawlessly working DEX.
So what we are going to do is delaying our launch till we are 100% audited, tested and satisfied with our smart contracts as well as UI.
With that being said, there are some actions that must be taken.
1) We WILL need to lower our emission rates for 𝐀𝐋𝐋 farms and pools. This is due to the fact that our tokens have a LIMITED supply. In order to ensure that the supply lasts until the migration, we HAVE to lower the emissions. We understand that users may not be too excited about the drop in APR, but this drop is temporary.
2) We will be revising our tokenomics a tad bit and then releasing them in order to give users clarity on how our token structure will look like after migration.
3) We will be conducting a private sale of 𝐏𝐘𝐃𝐄𝐗 to private investors. They will be purchasing 𝐏𝐘𝐃𝐄𝐗 at the launch price (same as everyone), but they will be getting bonus tokens which will be vested over three months. This private sale raise will be used for purposes of initial liquidity for our DEX pairs.