Announcing Fortress DAO’s Liquidity Bootstrapping Event
Fortress DAO is pleased to formally announce the date of our Liquidity Bootstrapping Event (LBE)!
LBE launch time
The LBE will be held at the following date and time (multiple formats presented for convenience):
- Unix timestamp: 1636909200 (convert to local time here: https://www.unixtimestamp.com/index.php)
- PST: Sunday, November 14, 2021 at 9:00 AM
- EST: Sunday, November 14, 2021 at 12:00 PM (noon)
- GMT: Sunday, November 14, 2021 at 5:00 PM
- CST: Monday, November 15, 2021 at 1:00 AM
- AEST: Monday, November 15, 2021 at 3:00 AM
In the initial phase of the LBE, all whitelisted users (Knights) will have the opportunity to purchase up to a full allocation of 1,000 MIM (200 FORT).
After 24 hours have elapsed, the LBE will automatically transition to its second, public phase. In this phase, there are no restrictions on participation. Whitelisted users will continue to be able to contribute up to a limit of 1,000 MIM. Non-whitelisted users will be able to contribute up to a limit of 500 MIM (100 FORT).
The public phase of the LBE will continue until the total raise of 350,000 MIM is complete. We will launch the bonding/staking dApp within 24–48 hours of the successful completion of the LBE. At that time, LBE participants will be able to claim their FORT tokens.
All users with the “Knight” role in the Fortress DAO Discord server will be whitelisted for the LBE. In the very near future, we will begin collecting wallet addresses from all Knights via a Google Forms survey. All Knights will be notified when the form is available. Please do not delay to respond with your information so we can ensure your address is properly whitelisted for the LBE.
Upon launch, we will provide support to our Knights via Discord in the channel: #🏰the-great-hall🏰.
Using Avalanche for the LBE
The LBE will be held on Avalanche, an EVM-compatible chain with fast transaction times (below 10 seconds) and low transaction fees (below 30 cents). Fortress DAO will operate entirely on the Avalanche C-Chain.
To add Avalanche to MetaMask, click on the list of networks at the top of the extension window and select “Custom RPC.” Input the following parameters:
- Network Name: Avalanche Network
- New RPC URL: https://api.avax.network/ext/bc/C/rpc
- ChainID: 43114
- Symbol: AVAX
- Explorer: https://snowtrace.io/
A video tutorial on the above process can be found here: https://support.avax.network/en/articles/4626956-how-do-i-set-up-metamask-on-avalanche.
The easiest way to add funds to your wallet on Avalanche is to withdraw AVAX (the native token) directly from a centralized exchange (Coinbase, etc.). You can also bridge from other chains using any of the following popular options:
- Avalanche Bridge: https://bridge.avax.network/
- Synapse Bridge: https://synapseprotocol.com/
- AnySwap: https://stable.anyswap.exchange/
- xPollinate: https://www.xpollinate.io/
- ElkDex: https://app.elk.finance/
Please note: you will need AVAX in your wallet to perform transactions on the Avalanche C-Chain. If you bridge non-AVAX funds (USDC, WETH, etc.) onto Avalanche and have no AVAX in your wallet, you will not be able to perform any transactions with those funds.
Currently, there is no “faucet” for the Avalanche chain for supplying small amounts of AVAX. However, if you bridge over more than approximately $75 worth of tokens via the Avalanche Bridge (which only connects the Ethereum mainnet to the Avalanche C-Chain), the bridge will automatically airdrop a small amount of AVAX into your wallet. Another alternative is ElkDex. ElkDex provides the option to swap a small amount of the bridged token into the native chain token for transaction fees.
Once you have successfully transferred funds to the Avalanche network, you will need to swap for the stablecoin MIM in order to participate in Fortress DAO’s LBE. We recommend swapping on the Trader Joe decentralized exchange (https://traderjoexyz.com/).
Launch of the bonding/staking dApp
Fortress DAO remains firm in our previously announced plans to launch the bonding/staking dApp 24–48 hours after the successful completion of the LBE. At launch, we will publicize the contract address and provide liquidity to the MIM/FORT pool on Trader Joe.
All updates and announcements regarding the exact launch timing will be published on our Discord, Twitter, and Telegram accounts. Please note: we intend to implement aggressive anti-bot measures to discourage contract sniping.
The LBE smart contract code is currently undergoing a final round of internal review and testing. Once complete, we will publish the code on GitHub for public comment.