[ARCHIVED] Poll: Presale changes

Please see our Telegram poll here! It was posted for 24 hours (0300 GMT 8/5 - 0300 GMT 8/6). Here are the results:

Poll results

Greetings, and thank you for your support! We have received INCREDIBLE amounts of feedback about our presale plans, and our goal is to be INCREDIBLY responsive to community feedback. Therefore, we have TWO NEW OPTIONS for presale plans to choose! Please check our Telegram Poll through which you can vote!!!

1. $750,000 USDC presale, LITHIUM price pegged 4-6 hours before farming ends, LITHIUM/USDC token split according to LITHIUM price peg*

2. $750,000 USDC presale, LITHIUM/USDC token split is 80%/20%

* A $30 LITHIUM price peg would mean that you receive $30 USDC worth of Layer 2 tokens per LITHIUM

• Because the devs expect to receive a share of the recovered funds from Layer 1 liquidity (due to our status as MYFRIENDS stakers), we will be eliminating the Layer 3 cash presale under both options above. This means you get a dilution-free transfer of both Layer 2 tokens to Layer 3 (with resets for farmed tokens, infrastructure, liquidity, and dev ownership tokens).

• LITHIUM tokens from the presale and buyback wallet will be sold on Quickswap, and the USDC thus recovered will be sent to the MYFRIENDS contract, where it will be distributed proportionally to stakers. We believe that this will fairly distribute LITHIUM's value back to L2 token holders.

• Unsold tokens from both presales will not be circulated during Layer 2. The undiluted transfer from Layer 2 to Layer 3 will account only for circulated tokens.

Funds Distribution

CATEGORY	% FUNDS
Initial liquidity	50
Infrastructure	15
Dev salaries	20
Buyback	15

Token Distribution

ARCADIUM DISTRIBUTION		MYFRIENDS
325000	Preminted	80000
0	Creators	20000
0	Infrastructure	12500
250000	USD + LITHIUM Presales	45000
25000	Partnerships	0
50000	Liquidity	2500
675000	Farm Emissions	20000
1000000	Total Supply	100000

Token Amounts - Option 2

Because Option 1 uses a future LITHIUM price peg, the possibilities in terms of LITHIUM/USDC token split are still the same as those on the previous Example Cases page.

This would be the token distribution and amount you would get per LITHIUM or $5k max buy under option 2:

TOKENS/LITHIUM		LITH PRICE (USD)	USDC RAISE SIZE	USD PRICE	TOKENS PER $5K MAX BUY
		30	750000
	MULTIPLIER	1	1
	EXTENDED VALUE	3000000	750000
	% OF TOKENS	0.8	0.2
2	ARCADIUM	200000	50000	15	333.333333
0.36	MYFRIENDS	36000	9000	83.33333333	60

Kurt's Biased Opinion

In option 1, we will peg LITHIUM's value according to its price 4-6 hours before the last block of farming, and then we will allot shares of MYFRIENDS and ARCADIUM tokens to the USDC and LITHIUM presales according to LITHIUM's pegged value. This would ensure that LITHIUM holders are given their "fair" share of tokens as of the peg time. However, this sets up the possibility that the USDC presale could get a very small percentage of coins in case of a high LITHIUM price, and if prospective USDC buyers react poorly to that and we cannot raise cash, the project could actually fail due to the absence of a robust early liquidity pool.

However, option 2 ensures that the USDC presale receives a respectable 20% of the token share, which would increase the appeal of the presale. This would make oversubscribed interest in the presale highly likely and lead to an above-par LITHIUM price being logical due to presale scarcity. Further, option 2 guarantees LITHIUM an 80% share of tokens while giving USDC buyers a chance at an "above par deal," which would be nice to give since so many missed out on the last presale.

Don't forget to vote on the poll, and thank you for supporting PolyWantsACracker!

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