B2M Evolution: From Lumos Success to Enhanced Dual-Round Launch
Burn-to-Mint (B2M) has emerged as a revolutionary token launch mechanism in the DeFi space, offering a fair and innovative approach to token distribution. At its core, B2M allows users to burn an existing token to mint a new one, ensuring active participation and reducing the impact of whales and bots. WigoSwap’s recent launch of Lumos through B2M has not only validated this concept but also set new benchmarks for community engagement and ecosystem growth on the Fantom network.
Building on this success, WigoSwap is excited to announce the evolution of our B2M mechanism. As we prepare for our next launch, we’re introducing a dual-round system designed to reward loyal participants while still welcoming new users. This update promises to further enhance the fairness and efficiency of token launches, setting a new standard in the DeFi landscape.
Lumos Launch: A Memecoin with a Mission
Lumos, launched through WigoSwap’s B2M mechanism, initially entered the market as a memecoin but with ambitious plans to evolve beyond this classification. While embracing the viral nature and community engagement typical of memecoins, Lumos has set its sights on making significant strides in the GameFi sector on Fantom.
The launch was nothing short of spectacular, showcasing the power and potential of the B2M mechanism:
- A staggering 3,600 participants joined the event, demonstrating widespread community interest.
- 111M $WIGO tokens were burned in the process, highlighting the community’s commitment and belief in the project.
- 1.5T $LUMOS tokens were minted and distributed to participants, ensuring a wide and fair initial token spread.
Post-launch, Lumos has shown impressive performance on WigoSwap:
- High liquidity pools have been established for both FTM-Lumos and WIGO-Lumos pairs.
- Trading volume has remained consistently high, indicating strong ongoing interest and activity.
As Lumos transitions from its memecoin roots to a serious player in GameFi, it serves as a prime example of how projects launched through B2M can rapidly gain traction and evolve to meet market needs.
The Evolution of B2M: Introducing the Dual-Round System
The introduction of this new system stems from our commitment to continually improve and adapt our processes based on community feedback and market dynamics. We recognized two key areas for enhancement:
- Rewarding loyalty: We wanted to create a mechanism to acknowledge and reward users who have supported previous B2M launches.
- Maintaining inclusivity: At the same time, we aim to ensure that new users always have the opportunity to participate in exciting new projects.
Overview of the New Dual-Round System:
- Private Round: This round is exclusively for participants of previous B2M launches, starting with those who took part in the Lumos event. It provides a dedicated window for loyal community members to get early access to new token launches.
- Public Round: If the token minting cap is not reached during the private round, a public round will follow. This round is open to all users, ensuring that everyone has a chance to participate in the B2M process.
Both rounds will operate under the same min and max burning rules for each wallet, which will be announced at the launch of each new B2M event. This approach ensures fairness across both rounds while still providing a special opportunity for our most engaged community members.
Preparing for the Next Launch
As we gear up for the next exciting B2M launch on WigoSwap, it’s crucial to stay informed and ready. Here are some key steps to ensure you don’t miss out on this opportunity:
Stay Informed:
- Follow WigoSwap on Twitter and Telegram announcement channel (https://t.me/wigoswap) to receive instant notifications about launch dates, participation requirements, and other critical information.
Prepare Your Wallet:
- Ensure you have sufficient $WIGO tokens in your wallet for participation. (Buy here)
Understand the Dual-Round System:
- If you participated in the Lumos launch, you’ll be eligible for the private round. Keep an eye out for announcements about the timing of this exclusive window.
- For those who are new or missed the Lumos launch, be ready for the public round if it occurs.
Engage with the Community:
- Join discussions on our social media platforms to gather insights and tips from other community members.
