SHELL Fair Launch: $SS20

Launch Overview

3 min readJan 12, 2024

Update as of January 15, 2024 (UTC time)

The time is drawing near, SHELL has discovered some remarkable opportunities. To maximize the benefits for the communities, we have made the following decisions:

• The initial planned public sale allocation will be adjusted from 65% to 57%. It will be reflected in the upcoming token presale on our website.

• The 8% will be reserved for future partnership opportunities. The exciting news will be released soon. We are preparing to introduce new partners and their amazing plans, as to share the same energy along with our own fair launch.

Original Plan

The token launch is just around the corner! Get ready for an exciting burst of energy!

The fair launch will be held on the official website of https://shell.trade/launch

Please note that we may collaborate with a potential partner for certain allocation purposes.

Timeline

2024.01.14. Sunday, 10:00 am UTC; announcement of WL
2024.01.16. Tuesday, 06:00 am UTC: WL round starts (brc20 participation)
2024.01.16. Tuesday, 07:00 am UTC: Public round
In 12 hours after IDO, refund for the oversubcription
In 48 hours after IDO, TGE on #CEX #SolanaDEX, #Unisat and #OKXWallet

Note: Our partner’s launchpad timeline may vary depending on their schedule. Please refer to our further notice in the community.

Raise Amount

Total Allocation: 650,000,000 $SS20 tokens, equal to 65% of the total token supply (1,000,000,000).
Fully diluted Marketcap at TGE: $1.5 Million
Total IDO sale size: $975,000 USD

WL Round

Time: 1 hour duration
Participants: Whitelist Only
Maximum allocation for WL round: $300 worth BTC
Participant Options: BTC
Ticket size: $300 worth BTC (fixed)

Note:

BRC20 WL participants’ fixed amount will be 0.008 btc (extra btc included as gas fee due to the current situation of bitcoin network) $300 per WL ticket meaning each WL participant will secure 200,000 $ss20 token at TGE.
We will follow this rule unless there’s extreme market condition, e.g., btc dump to $38000

Public Round

Time: 1 hour duration
Participants: Everyone
Allocation: rest of Total IDO Allocation after WL round
Participant Options: BTC, SOL
Valid ticket size range: $BTC: 0.007–0.2; $Sol: 3–90
Sale Method: In case of oversubscription, the excess funds will be returned proportionately. Please note that whitelist members are eligible for a double allocation.

Refund

In the event of oversubscription, the amount of $SS20 allocated to participants in the public round will be determined based on the proportion of their committed BTC/SOL relative to the total BTC/SOL committed. Any excess funds will be refunded, with the refund process being completed within 24 hours following the end of the public round.

Token Distribution

For participants using BTC, the BRC20 tokens will be distributed directly to their BTC addresses. In the case of SOL, BRC20 tokens will be converted via a cross-chain transfer to the SRC20 format and then airdropped to participants’ SOL addresses. Token distribution will be completed within 48 hours after the public round.

However, if the CEX listing coincides with this period, the token distribution might be delayed.

Notes

For participants using BTC, some extra gas fees will be included for the further distribution plan. Please include extra BTC to cover the gas fee when participating.
Participants who are not on the whitelist will be refunded if they send funds directly to the address during the whitelist round. Tokens will only be distributed to eligible addresses.