The Last One: A New Token Issuance Plan From Side Public Chain

Recently, the Bitcoin dark horse public chain Side, which has gained immense popularity due to its airdrop activities, has sparked renewed discussions.

Recently, the Bitcoin dark horse public chain Side, which has gained immense popularity due to its airdrop activities, has sparked renewed discussions once again. On November 26, they announced the launch of a new token issuance plan called "The Last One," bringing a refreshing token distribution method to the market. In this article, we will provide a detailed analysis of the event rules and participation methods.

What is The Last One?

The Last One is a new gameplay designed by the Side team based on the traditional LBP (Liquidity Bootstrapping Pool), aimed at rewarding user activity and participation enthusiasm.

Review of Traditional LBP

LBP, or Liquidity Bootstrapping Pool, is a method for fairly and efficiently distributing tokens through a dynamic auction mechanism (similar to a Dutch auction). The price starts high and gradually decreases, helping to discover the fair market price and promote broader token distribution.

Unique Features of The Last One

Compared to traditional LBP, The Last One introduces a countdown reward mechanism, which not only fairly distributes tokens but also increases the fun and competitiveness of participation through incentive mechanisms.

The Last One Rules:

Event Duration

Phase One Rules

In Phase One, each single purchase of more than 1,000 SIDE tokens will trigger a 10-minute countdown:

Phase Two Rules

Event Notes

About $SIDE Token

Currently issued on the Solana blockchain, the mainnet is expected to launch in January 2025, at which point users can convert SPL standard $SIDE into native tokens.

Here are some key parameters of LBP:

How to Participate?

The Last One event will take place on the leading LBP platform Fjord Foundry, which has assisted multiple projects in raising over $1 billion. It is worth mentioning that this is Fjord Foundry's first Solana LBP event, and participants need to use USDC tokens to purchase $SIDE.

Conclusion

The Last One adds an interesting countdown mode to the traditional LBP market pricing mechanism and sets the launch time to 4 hours before the airdrop registration opens. Both events are expected to be very popular, so let's wait and see.