Kepler DAO is ready for showtime! Kepler is on the verge of launching its first-ever public sales of its native token $KEEPER on the Copper Launch platform, a product of the Alchemist ecosystem. This important milestone for the protocol provides an opportunity for Kepler to distribute $KEEPER tokens fairly and engage in a natural price discovery that will set the path for the Mainnet launch.
Before we discuss deeper the specifics of the Copper Launch, let’s recap why you should be holding some $KEEPER tokens as part of your investment portfolio:
- Kepler DAO is the world’s 1st treasury-backed VC investment protocol.
- Grand vision to set up a wealth creation platform that continuously and steadily increases the liquidity in its treasury through a cycle of investment and profit-taking, which is then distributed back to investors.
- $KEEPER is backed by reserves of stable coin assets and other assets that the protocol invests in through the SPV and an expert FMT (Fund Management Team).
- The FMT invests in projects with varying risk profiles that could potentially give astronomical returns, allowing holders of $KEEPER to enjoy massive profits. To invest in Kepler DAO is to be involved in a VC-based investment that the public is typically not able to access.
- The primary returns for investors of Kepler are not from $KEEPER staking rebases but from ownership of the treasury assets! Such a high upside would negate the Ohm-like token’s inflationary nature and create a stable and sustainable long-term future for Kepler.
- Kepler places a high priority on safety, security, and community trust with the completion of a full audit of the smart contract and KYC of all developer team members, with further audit scheduled as the protocol codes are updated.
Here are some details for the Copper Launch:
- Token symbol: KEEPER
- Start time: 12 January 2022, 18:00 UTC
- End time: 15 January 2022, 18:00 UTC
- Sale duration: 3 days (72 hours)
- Starting price: $100
- Starting weights: KEEPER 96%: 4% USDC
- Ending weights: KEEPER 63%: 37% USDC
- Token number: 70,000 KEEPER
- Platform: https://copperlaunch.com/
Pls note: The KEEPER tokens bought on the Copper Launch sale can be directly used on the mainnet for buy/sell.
What is Copper Launch?
Copper’s Token Launch Auction (TLA) aims to be the most open, transparent, and user-friendly IDO launchpad for Web3. Anyone would be able to launch a token and provide any interested investors a fair chance to purchase the tokens they want. Typical token launches can be a disappointing experience for the average investor, with whales, frontrunners, and bots having an unfair advantage and getting in at the lowest possible early prices. The majority of investors would end up with little to no allocations and miss out on huge potential gains. This will not be an issue with a Copper Launch as the price action mechanism, which we will discuss further below, prevents any one party from dominating the purchase. Everyone has a fair chance to purchase, with the only consideration being the point of entry that one considers reasonable.
How does Copper Launch work?
Inspired by how a Dutch auction works, Copper’s TLA has a price decaying strategy that lets you decide, as the price slowly decreases, which price is best for you to buy into. The cost of $KEEPER starts high and drops based on a predetermined price decay curve. A strong buying pressure will resist the rate of deterioration and can lead to pricing going much higher than the initial starting price. An individual can freely purchase $KEEPER tokens at any price they see fit, and that is the price they get. Eventually, the price will settle at a price the market finds most suitable.
Copper is powered by Balancer’s Liquidity Bootstrapping Pools (LBPs), which maintain a 2-token liquidity pool ($KEEPER and $USDC) with variable weighting. A classic LP in a DeFi dApp would be 50/50 of these tokens, but this isn’t the case on Balancer. This significantly reduces the capital requirements for the auction and decreases price volatility. Kepler’s Copper auction weighting will start at 96/4 and slowly move down over time with time-dependent weights. This will lead to a higher initial high price, which will strongly disincentivize whales and bots from snatching up much of the pool liquidity at the get-go, helping to increase token distribution.
Why Copper Launch?
Kepler DAO has decided to use Copper as the IDO launchpad for multiple reasons:
- Due to the price decay mechanism, every investor can decide for themselves what they think is a reasonable entry price to purchase $KEEPER tokens. There will be minimal price volatility where the token price would not be pumped to a ridiculously high level or crashed to a low level. Anyone can buy into or sell out of the auction freely at any time, so price truly regulates itself.
- The Copper Launch process is open and permission-less for all participants. There is no requirement to be in a whitelist or any buying restriction. Auction participants can decide freely how many tokens they want to buy and at the time and price they are comfortable with.
- Copper Launch enables a fair distribution of tokens. This is not a first-come-first-serve model where bots and whales hold an absolute advantage over the average investors. $KEEPER can be distributed to as many people as possible in a fair way that disincentivizes front-runners and whales getting better rates than smaller participants.
- Copper Launch has a 3rd party curator (Balancer Intern) to ensure the quality of projects listed for auction. Kepler DAO will be curated before the start of the TLA auction.
How to participate in the Copper Launch?
1) To participate in the $KEEPER TLA, you will need an ERC20 network supported wallet such as:
- MetaMask
- Gnosis Safe
2) To acquire $KEEPER, you will also need funds in your wallet as follows:
- USDC/ETH/DAI
- ETH (to pay for transaction Gas fee)
3) Visit the Copper Launch website: https://copperlaunch.com
4) Connect your wallet on the Copper Platform by clicking the ‘Connect Wallet’ button in the top right hand of the screen and choosing your wallet. Make sure you are connected via the Ethereum network
5) Only auctions on Ethereum will show on the auction list. Select $KEEPER auction
6) Before the purchase occurs, you will need to approve the tokens via your Metamask (gas fee incurred).
Let’s use the PETAL token from the Alchemist Copper documentation as a reference:
- You can use the chart of the token price over time to determine if the current price is acceptable, or if you want to risk waiting to see if it drops.
- Use the form on the right to select how much USDC/DAI/ETH you want to swap for KEEPER. Then click the first button to approve Copperlaunch to spend your USDC/DAI/ETH.
7) Buy $KEEPER token at the price you feel is fair market value. There will be a gas fee associated with this step. Always ensure that you have enough ETH in your wallet to pay for gas fees.
8) To add your purchased KEEPER tokens to your wallet, please use this address: 0x727D053BD5FD52dA64C3DD4F979b26F6E2b3DD47
You can see the copper launch auction here
Having Kepler DAO’s first public sale on the Copper Launch platform aligns with Kepler’s vision of bringing equality to the community in terms of access to capital market opportunities. Kepler is fully committed to providing a fair and community focus protocol that will ultimately benefit all investors for a long time. Be a part of the Kepler DAO ecosystem and community by participating in the Copper Launch IDO.
