🚀Presale
$EXPLORE "fair launch" format information.
How will the Explore team handle fundraising?
The $EXPLORE presale will follow a "fair launch" format. This format allows participants to fulfill past the set hard cap. In any case the hard cap is bypassed, $EXPLORE tokens will be distributed proportionately, and all extra Solana (SOL) will be refunded to presale participants.
The amount of $EXPLORE received per individual after presale scales depending on the total amount raised. e.g. if the hard cap is exceeded by 100%, participants will receive only 50% of their $EXPLORE purchase, and the remaining 50% in SOL will be returned.
The presale will only be live for 24 hours.
Why the "fair launch" format?
The fair launch format allows for users to still contribute in the event the hard cap is surpassed, making space for those who were potentially hesitant; allowing them "fair" token allocation regardless of the cap being met.
The fair launch format, which has been practiced on other chains, tends to be successful.
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