On April 12, according to official news, Solana Ecosystem’s first LBP platform 1intro will conduct a public sale of INTRO LBP at 23:00 Beijing time on April 14. The sale will last for 72 hours and provide 200 million INTRO (accounting for 20% of the total supply). The platform coin INTRO is the first LBP public sale held by 1intro. A 2% transaction fee will be charged for both buying and selling in this INTRO LBP. 1intro stated that it will bear the priority fees for all users under LBP to ensure a smooth Solana user experience, and all users will refund all gas fees at the end of LBP.

What is the value of LBP?

Starting at a high price and then gradually decreasing like a Dutch auction, this strategy solves the problems caused by sniping robots and big investors, creating a fairer environment, and LBP enables the community to determine a fair price for the tokens they seek.

Related reading: "Popular Science | Five Minutes to Understand LBP, How to Buy the Most Reasonable Chips in the Fairest IDO"

Unlike traditional initial coin offerings (ICOs), LBP adopts a dynamic pricing model, which means that the price will be adjusted according to the supply and demand in the pool. If there are many buyers, the price will rise; if no one buys, the price will fall. In the LBP liquidity pool, there are two kinds of tokens: one is the issuance token of the project, and the other is a token with a relatively stable value (such as USDC). "Weight" represents the value ratio of the two tokens in the pool. Over time, the weight is rebalanced and gradually reaches the price determined by the market.

When it comes to LBP, we have to talk about Fjord Foundry. Fjord is committed to connecting innovative projects with actively participating supporters. The platform provides a variety of token sales methods, the most famous of which is LBP. The recently popular APUFF and DEAI (Zero1 Token) were launched on Fjord Foundry.

It can be seen that a prominent feature of LBP is its permissionless launch capability, which can directly connect early project teams with the entire Web3 investors without any restrictions, thereby greatly enhancing the capabilities of early project teams. This democratizes the launch process, ensures that innovators can freely introduce their tokens to the market, open the ecosystem to a wider range of projects and investors, and cultivate a more inclusive and vibrant Web3 community.

However, there are two types of LBPs: verified and unverified. 1intro aims to be completely permissionless, meaning anyone can create an LBP.

In the first iteration of 1intro, the 1intro team will carefully review and verify LBPs. After several successfully verified LBPs, the team will announce a curator system where individuals and institutions can apply to become curators. Becoming a curator can earn a portion of LBP transaction fees and total fees, but must stake and lock a certain amount of INTRO tokens, and any curator who tries to cheat the system by verifying a bad actor will be punished by a slash.

What services can 1intro provide?

Solana currently faces several major challenges. The first is whether decentralized exchange solutions can improve liquidity, transaction speed, and user experience. The second is the lack of transparency in funding from the community and access for innovators in a fair and unrestricted manner, as well as the lack of a convenient platform for developers to help users.

To address these issues, 1intro has redefined the financial ecosystem on Solana through an intelligent platform, using AI to bring efficiency, fairness, and security to Solana. The protocol's AI-driven liquidity engine optimizes all aspects of decentralized trading, ensuring that the token issuance process for the Liquidity Bootstrap Pool (LBP) is fair and transparent. 1intro enables projects to easily bootstrap liquidity and access AI-driven automation to manage and grow their token ecosystem, while providing traders with a seamless and secure trading experience with advanced features.

To achieve this vision, 1intro has launched three features: 1DEX, 1LBP, and 1DEPLOY. Users can launch their tokens through the 1LBP platform and smoothly transition to trading on 1DEX. Its 1DEPLOY simplifies the token creation process, allowing creators to launch the next viral token without technical expertise.

LBP platform combined with AI technology

1intro's three functions all utilize a lot of AI technology.

Among them, 1DEX is 1intro's cryptocurrency exchange platform that uses AI to change the trading experience. Through AI-driven innovative AMM algorithms, 1DEX provides users with predictive market insights to make smarter trading decisions. And extends the role of AI to optimize liquidity management, reduce slippage, and improve routing strategies to ensure the best transactions. AI-driven customer support and operations simplify user interactions and make trading more humane.

And 1LBP introduces a novel way to launch projects and bootstrap liquidity. 1LBP is a liquidity bootstrap pool (LBP) platform from 1intro. The AI-powered LBP platform enhances project launch and liquidity bootstrapping, making the process more streamlined, more predictable, and customizable for optimal liquidity outcomes. In addition, 1DEPLOY has refactored the way tokens are created without code, powered by AI.

1intro integrates AI to enhance the verification process for new projects, ensuring fairness, transparency, and security from the beginning. AI simplifies the LBP creation process, making it more accessible and reliable. 1intro compiles past LBP performance data and uses deep learning to enhance LBP simulations, helping LBP creators set optimal parameters and achieve their liquidity goals.

Simplify the token creation process

As a DEX under 1intro, 1DEX combines a user-friendly interface with AI-driven tools and innovative AMM algorithms. It integrates seamlessly with the 1LBP platform, automatically transfers liquidity and initiates trading pairs at the end of LBP, facilitating a smooth transition to token trading for users.

Inspired by Balancer, 1DEX integrates a weighted pool AMM mechanism, which allows the creation of liquidity pools with multiple tokens, each of which is assigned a specific weight in the pool. These weights determine the value ratio of the tokens in the pool, enabling custom trading strategies and risk diversification.

1DEPLOY, powered by AI, reconstructs the way tokens are created without code. AI greatly simplifies the token deployment process, locking liquidity, destroying LPs, giving up ownership, and adding advanced token contract features without any coding knowledge. The team's AI-driven platform also includes the ability to test token mechanisms. AI helps provide personalized guidance to users, making improvements and optimization suggestions based on successful token deployments.

By leveraging AI algorithms to simulate and optimize various aspects of token creation, 1DEPLOY simplifies the process, allowing creators to focus on their vision and accelerate the success of their tokens in the digital ecosystem.

Token Economics

INTRO will be the first LBP on the 1LBP platform. As 1intro’s governance token, holders of INTRO can actively participate in the governance and incentive distribution of the protocol, participate in development within the 1intro platform, and receive incentives through various revenue opportunities.

INTRO has a total supply of 1 billion, of which 250 million are for public sale, 150 million for Bootstrapping (vested within 16 months), 100 million tokens are allocated to the project team (12 months linear vesting), 400 million tokens are used for project ecosystem or activity rewards (unlocked 5% per month), and the remaining 100 million are reserved.

Users can obtain a series of benefits by staking INTRO, such as INTRO stakers can obtain revenue shares from various 1intro products, including but not limited to 1DEX, 1LBP, 1DEPLOY and any future products. It is also possible to provide liquidity on 1DEX, and liquidity providers will receive INTRO tokens as an additional incentive, and staking INTRO will generate more token rewards.

The annual interest rate increases according to the duration of INTRO token lockup and includes bonus upgrades. A certain percentage of the fees collected from 1intro products will also be allocated for the repurchase and destruction of INTRO tokens.

Development Roadmap

The project route has four main phases, namely Phase Genesis, Phase Artemis, Phase Aphrodite, and Phase Hermes. The project is currently in Phase Genesis.

The main task of Phase Genesis is to establish a foundation. The team plans to launch the 1DEX Beta version in this phase. This version of 1DEX has basic trading functions and will continue to collect user feedback to gradually improve the functions. At the same stage, the 1LBP platform and the first LBP INTRO token will be launched to lay the foundation for fair and transparent token issuance.

Phase Artemis focuses on expanding influence. An AI-powered system will be launched in this phase to provide users with instant and intelligent assistance. A full version of DEX with advanced trading capabilities will be launched and optimized with AI to achieve smarter and more efficient liquidity. Meme-Factory will also be launched to introduce a creative space for users to facilitate the release and promotion of Meme tokens, emphasizing fairness, market trends and community participation.

In Phase Aphrodite will take artificial intelligence as the helm and advance through innovation. Cross-platform AI will be integrated to enhance all aspects of the platform, including trading decisions, market insights, risk assessment and user experience. And a new automated market maker (AMM) model will be launched to revolutionize liquidity supply and token swaps, which is tailored by artificial intelligence for market dynamics.

Phase Hermes plans to vigorously cultivate the ecosystem and make an impact. The team plans to establish a dedicated fund in this phase to provide financial support to AI and Web3 innovators, encourage the development of new applications and services on the 1INTRO platform, and enrich the ecosystem with fresh ideas and innovative solutions. And invest more resources to explore and advance AI on a wider scale. This includes establishing partnerships with academic institutions, supporting open source AI research, and sponsoring AI-centric blockchain projects.

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