$BOOTIES Public Token Sale: Announcement

Please read the post carefully before entering the public sale

After much consultation the BOOTIES team has decided the best way to release the $BOOTIES tokens to the public through a public sale.

There was a major concern for the Team when considering what would be the best way to distribute the tokens as fairly as possible during the public sale.

The main concern with regards to the public sale is the possibility of large token holders dumping their holdings as soon as the liquidity is added.

We came up with 2 approaches to prevent this

1. We are increasing the price by 15% between each phases. Even when we are adding to pancake, the price impact would be only 15%. At the same time, when you are buying or selling there will be a 10% tax . So if you are getting the tokens during the phase 1 and leaving immediately after the pancake listing, you will be getting only 10% of your buying token profit. This will not pull the market down drastically
2. We will be adding restrictive _maxTxAmount parameter to the contract. This will be less than 15BNB worth. So whales cannot sell larger amount in one shot. Anyway if you are a developer you will understand, having restrictive _maxTxAmount parameter is going to have an impact on Token burning and liquidity adding after ownership is transferred. So renounce ownership will be done in a different manner. We’ll explain this in a later topic

Token Launch Details

1. Two sets of sales will be conducted for 44% of the tokens from the 1st of June to the 12th of June.We’ll burn unsold tokens.
2. We always want to protect the community. To prevent future dumpings, so we will be limiting individual investments. You can only invest below 7BNB.
3. As we mentioned in the previous topic, we’ll increase the price by 15% for each round
4. Only 5% of the tokens will be allocated for the booties team. 15% will be allocated for charities and marketing activities. Tokens might be transferred to charities or will be sold to transfer the amount to charities without affecting the market

Public Sale Details

Round 1
Date: June 1st — June 6th
Token allocation: 22%
Token price: 1 BNB = 1000000000000 BOOTIES

Round 2
Date: June 7th — June 12th
Token allocation: 22%
Token price: 1 BNB = 850000000000 BOOTIES

How we protect our holders

1. As mentioned previously we are adding restrictive _maxTxAmount parameter to the contract. This will prevent you from any sudden dumpings
2. We will be renouncing the ownership after the LP is added. The reason for renouncing the ownership after adding LP is, if we renounce ownership before adding the LP, the _maxTxAmount restriction will get applied on us(1st owner) too. So 1st owner cannot add large LP or cannot burn the tokens in large volume. Only the contract can do that. So renouncing ownership will be done in this way

Completing public sale -> Burn unsold tokens -> Adding LP -> Renouncing ownership

TOKEN WIll BE LISTED ON PANCAKESWAP ON 13th OF JUNE 2021

We will announce the public sale details through our official twitter account, our site, TG and discord. Please do not get the details from any other places

Site : https://www.coinbooties.com/
Twitter : https://twitter.com/coinbooties

If you have any questions or suggestions please reach us on TG or discord.

TG: https://t.me/coinbooties
DD : https://discord.gg/DexbeKRZCb