$PGEN - Product Feature:
Our native token that can be used in our DAO, staked for APY, to receive exclusive access, discount at raises and more.
Activation Period - Definition:
This is the amount of time for which investors stake using our Tiers system. There is no lock period or penalty for pulling out.
After the Raise - Process:
This is when all the projects begin connecting with their investors. In this time period, investors can exchange their raiseToken for the project token using the redeem feature.
Auto-Burn - Raise parameters / parameters:
Projects have a unique opportunity to reward early investors even if the targeted raise amount is never reached. In case the target raise amount is not met projects have the option of setting an auto raiseToken burn. This means after the raise period ends all unsold raise tokens are burnt. Thus resulting in the number of project tokens that would be redeemable with the raiseTokens would increase. For example, a project wishes to offer 10000 raiseTokens in exchange for 10000 projectTokens (1:1 ratio). If the raise target amount is not reached (and auto burn is on) and only 5000 raiseTokens were sold, then for every 1 raiseToken would equal 2 project tokens (1:2 ratio).
Refer also to: raiseToken
Auto-Refund - Raise parameters / parameters:
In the case, a raise fails and the project has turned on the auto-refund function, users will be refunded their investment or share of investment. The refund varies between the FLO and Fixed Raise Types.
Refer also to:
Before the Raise - Process:
Before investors ever get the opportunity to partake in a project's IDO. The project must first set various parameters for their raise.
Claim - Product Feature:
This occurs within the After the raise process in which project tokens are claimed using raiseTokens.
Refer also to: Redeem, After the raise
During the Raise - Process:
During the raise is when all the fun starts for both the projects and the investors. This is where all the parameters set in the "before the raise" phase come to fruition. It is important to note, that in this period the project tokens aren’t purchased, rather the raiseToken are what investors purchase.
FLO - Product Feature:
The Fair Launch Offering creates a transparent and fair fundraising process for both projects and investors. It allows investors to buy in at a price they feel a token is worth, ensuring the more tokens a user purchases, the higher the price per token will be.
FLO powered by Balancer - Raise Type:
A dutch auction style raise powered by tool built by Balancer called ‘Liquidity Bootstrapping Pool‘. Requires Liquidity Seeding.
Refer also to: LBP
FLO powered by Polygen - Raise Type:
A dutch auction style Fair Launch offering ‘FLO’ powered by Rain. No seeding, fully customizable.
Fund a raise - Definition:
This is the action an investor takes when funding a project using a polygen. This can only be done during a raise.
Gating - Raise parameters / parameters:
Granting access to holders of a specific token or NFT. Token gating is a way of super-charging an NFT or token, giving ownership of it more meaning. Projects may use this to guarantee only the holders of a specific token or NFT can access to the raise.
Investors - Definition:
These are the ones who use our platform on the regular. They are the ones who provide the funding for the "Projects"
KYC - Raise parameters / parameters:
The project can determine whether the participants of the raise must KYC. “Know Your Customer” helps projects identify their customers and ensure they are in fact real and not bots.
LBP - Product Feature:
Balancers' Liquidity Bootstrapping Pool (LBP): Integrating Balancers' LBP protocol into our FLO model, Polygen can offer a flexible approach to IDOs in which projects determine the raise period, token weights, token limits, and ultimately determine their price decay rate in a dutch auction fashion.
Liquidity pool - Definition:
Liquidity pools are similar to traditional order book exchanges in that they both facilitate trading of securities, but there are significant differences in the mechanisms used. Liquidity pools automate participation and administrative functions that would require a market maker in traditional financial markets to spend significant time and resources on, making it easier for investors to trade.
Liquidity seeding - Product Feature:
A unique liquidity seed funding mechanism can then be used by the community to effectively underwrite a project by providing seed liquidity. Thus the community is the deciding force behind a project’s success or failure with fundraising on the platform. The community effectively “votes’’ by providing liquidity to projects they think are the most promising by providing seed funding for a project to start their raise.
Lock Up Period - Definition:
This is the amount of time your tokens are unable to be moved after staking.
Max purchase amount - Raise parameters / parameters:
Since Polygen is striving to be a fair and accessible launchpad, we require all projects to set a max purchase amount when using the fixed price raise mechanism to prevent whales from purchasing the supply of tokens.
Max purchase amount multiplier - Raise parameters / parameters:
Polygen is requiring that projects increase the number of tokens that can be purchased for our tier members holding $PGEN.
No trading - Raise parameters / parameters:
Within in the raise period, the start and end, no raiseToken can be traded in or with others. Once the investor has purchased their raiseToken they must hold on to them till the raise period ends.
Open-trading - Raise parameters / parameters:
Within in the raise period, the start and end, raiseToken can be traded in or with others. Once the investor has purchased their raiseToken they're free to move the token. This is an unlikely event.
Polygen Fixed Price - Raise Type:
A fixed price raise powered by Polygen. RaiseToken stays at the same price throughout the raise period.
Price discount - Raise parameters / parameters:
Polygen is offering an optional feature in which projects are able to reward PGEN holders a discounted price for the raiseToken while using FLO.
Private Raise - Raise Round:
Similar to a whitelist. The private raise is in which the project uses Polygen to offer an exclusive raise for a special selection of investors
Project - Definition:
Projects are the ones who raise on Poylgen. These are the ones who are in search of funding.
Project token - Definition:
Project tokens are that which a "project" owns and sells. It is what is redeemed with the "raiseToken,"
Public Raise - Raise Round:
This is the round in which a project accesses the general public, and it has no whitelist or preferential treatment toward an exclusive list of investors.
Purchase Limit - Raise parameters / parameters:
When a raise has a limit on the number of tokens a wallet may purchase, this is to ensure no whales purchase the entire supply.
Raise parameters / parameters - Product Feature:
These are the settings and rules that are made by the project using Polygen's backend at the "Before the raise" period. They are the ones that set the functions.
Refer also to: Before the raise
Raise period - Definition:
Projects are able to customize the start and end times of the IDO. This part is almost self-explanatory, at a specific time and date the raise opens and closes, and within the raise period is the time in which investors can purchase the raiseTokens.
Raise Round - Product Category:
Raise rounds are dependent on the project. This is in which funding round the project is currently in.
Example: Private Raise, Seed Raise, Public Raise
Raise Target - Raise parameters / parameters:
This is the target amount in USDC for a raise using the FLO mechanism.
Raise Type - Product Category:
Raise types are the mechanisms associated with the smart contracts on the Polygen platform.
Example: Fixed price by Polygen, FLO powered by Polygen, FLO powered by Balancer
raiseToken - Product Feature:
raiseTokens are sold to users as an "I owe you" that users purchase during a raise of a specific project. After the raise, if the project collects enough funding (meets the raise target or surpasses it), they will be able to trade in their raiseTokens for the tokens of the specific project. In essence, raiseTokens are burnt in exchange for project tokens after the raise is a success.
Redeem - Product Feature:
This occurs after the raise period. Redeeming is when investors are able to collect their share of project tokens in exchange for their purchased raiseToken.
Refer also to: Claim, After the raise
Seed a project - Definition:
This is the process in which investors provide the initial funding for a project. In Polygen's case we call this Liquidity seeding.
Refer also to: Seed round
Seed Raise - Raise Round:
This is the round in which the project is looking for it's initial liqudity. This is the round in which the seedToken comes into action.
seedToken - Product Feature:
Before any project can enter a raise, projects need to source liquidity. Projects can either provide their own liquidity or source the liquidity from the Polygen community. That is why Polygen has introduced the seed token. Seed Tokens are distributed to investors who provide the initial liquidity for a project. If the seed round meets the initial liquidity needed, investors will be able to exchange their seed tokens for raiseTokens.
Superstaking - Product Feature:
All PGEN holders can benefit from community super staking, but what is it?
Community super staking comprises multiple staking pools. These pools are built using ‘demand pegged algorithms’ which means rather than locking in your tokens for JUST a time period i.e 60 days, you stake over time until a goal is reached i.e the price of a project token is $1. After initial lock up, you can claim rewards and un-stake at any time.
Target raise amount - Raise parameters / parameters:
This is what the project's minimum targeted amount in USDC that they wish to raise. If this is not met then they wish not to raise any more.
The Raise - Definition:
Projects who are in the midst of attempting to raise capital using the polygen platform.
Refer also to: Fund a raise, process
Time based raise - Raise parameters / parameters:
Used during a Fixed Raise, this identifies the time period in which the raise is live.