Phase 1 : Tokens distribution

The initial phase of the project involves the distribution of the first half of the 100 million minted FWV tokens. These 50 million FWVs are allocated through the smart contract at a fixed price of 0.0000005 ETH per FWV, exclusively available on our website for a limited period of 50 days following the contract deployment. The project team, partners, and users must all follow this procedure to acquire FWV tokens. The ETH collected for these acquisitions are directly gathered by the contract and stored within it, ensuring that no one has privileged access to these funds.

Purchasing FWV Tokens

To ensure that the FairWave experience is socially equitable and scientifically relevant, we have programmed the smart contract in such a way that purchases of FWV during this initial phase can only be made through our site. The smart contract also prevents the transfer of FWV tokens throughout the duration of this first phase. This limits the acquisition per user to a maximum of 2% of the total FWV minted, which is 2 million FWV per user, including for team members and project partners. This approach aims to prevent manipulations and attacks as much as possible and puts everyone on an equal footing. Everyone has their chance, and the chances are the same regardless of the size of one’s wallet.

Cashback Options

Continuing with our commitment to fairness and respect for participants, we have developed a cashback option. This procedure allows anyone who has previously acquired FWV tokens to sell them, in whole or in part, back to the smart contract. The selling price is exactly the same as the purchase price, except for transaction fees borne by the operator, as is the case with any transaction on the Ethereum network. We believe this option enhances trust and reduces perceived risks.

Statistical Data Gathering

Phase 1 serves as a rich source of data for our in-depth statistical analysis. Every user interaction, transaction, and engagement detail is meticulously recorded. The collected data forms the basis for creating detailed graphs and metrics that provide valuable insights into user behavior, adoption patterns, and overall project dynamics. This transparent approach allows the community to actively track the progress of the project and fosters a sense of trust among participants.

Conclusion of Phase 1

This Phase 1 of the project will conclude under two conditions: either half of the FWV tokens are sold within the allotted time (50 days), automatically triggering Phase 2; or the maximum allotted time for this phase is reached without selling half of the tokens. In this second scenario, there are again two possible outcomes: either the amount of ETH collected by the contract during Phase 1 is sufficient to manually trigger Phase 2; or this amount is insufficient, and in this case, we will consider the project to have failed. We will then invite participants to sell back their FWV to the contract using the aforementioned sale option in order to retrieve their ETH. The notion of “sufficient quantity” will be voted on by FWV holders.

Phase 2 : Secondary market

This is where the adventure truly begins… For the second and final stage of the FairWave launch process, we have programmed the smart contract to generate the secondary market or free market, allowing the FWV price to fluctuate according to the principle of supply and demand. As previously described, this phase is automatically triggered by the contract when half of the FWV tokens have been sold, which is the ideal scenario we all hope for; or it can be manually triggered if the amount of ETH collected in the phase is sufficient.

Uniswap V2 FWV/ETH Pool Creation

At this stage of the project, the smart contract automatically creates a FWV/ETH liquidity pool on Uniswap V2. Simultaneously, it funds this liquidity pool with the ETH collected during phase 1 and the FWV tokens that were not sold (theoretically 50% of the total supply). The exact amount of FWV and ETH is calculated by the contract to ensure that the price of FWV in ETH at the launch of the pool is equal to that of phase 1 (0.0000005 ETH per FWV). Therefore, depending on the quantity of FWV tokens sold in phase 1, there may still be some FWV tokens left in the contract at the end of this step. In this specific case, the contract automatically burns the remaining FWV tokens so that, by the end of this final phase, the contract is void of tokens, and all FWV are free to trade.

Locking of buy and cashback functions

As soon as Phase 2 of the project is initiated, the functionalities for buying and selling FWV tokens through the website are both automatically and permanently disabled by the contract. Consequently, FWV exchanges will then take place through the newly created Uniswap pool. The price will become market-driven.

Enabling transfer functions

The completion of phase 2 also comes with the reactivation of the contract’s native transfer functions. FWV becomes fully exchangeable.

Liquidity

Advanced users who are proficient in the concepts of liquidity on AMMs like Uniswap are encouraged to add their own liquidity to the newly formed Uniswap pool.

Statistical Analysis Continues

The statistical analysis initiated in Phase 1 seamlessly transitions into Phase 2, capturing comprehensive data from the newly formed FWV/ETH Uniswap pool. These insights are instrumental in assessing the success of the project, user engagement levels, and the overall health of the FWV token. The data-driven approach ensures transparency and allows the community to stay informed about the project’s progress.

Summary and Key Points

Cryptocurrency Name: FairWave

Symbol: FWV

Contract Address 0xc91173679746087daD7c317012e004DD5ac9eD92… (etherscan)

Total Supply: 100 million FWV with a 18 decimals precision (ERC20 standard)

Phase 1: Sale of 50 million FWV at a fixed price through the website.

Cashback option: During Phase 1 of the project, the option to sell FWV previously acquired through our site is available to a user. This option is automatically blocked by the contract in Phase 2.

Initial Price: 0.0000005 ETH in Phase 1

Phase 2: 50 million FWV + the ETH collected in Phase 1 will feed the liquidity pool created for the occasion on Uniswap V2

Adoption: The project aims to analyze the adoption phenomenon of a cryptocurrency. To do this, we collect on-chain data related to the FairWave contract and format it on our website to make it accessible to as many people as possible.

Contract Specifics

Open Source: Like every verified smart contract on the Ethereum blockchain, the entire FairWave contract code is accessible via its address (on etherscan.io for example).

Fairness: The contract cannot distribute tokens for free to anyone, including the creation team and partners. Everyone must follow the same procedure to acquire them.

Fairness: The automatic presale process prevents anyone, including the creation team and partners, from acquiring more than 2% of the total supply.

Fairness Again: To limit malicious manipulations, the contract prevents FWV transfers between Ethereum addresses during Phase 1, then automatically reactivates them in Phase 2.

Autonomy: The contract is designed to autonomously and automatically generate buying and selling operations in Phase 1, and the creation of the pool and liquidity contribution in Phase 2.

Creator Access: The deployment address retains some permissions in case of problems and can only: modify the duration of Phase 1 and manually creates the liquidity pool on Uniswap before the contract does so. In the exceptional case where a user sends any tokens to the contract address, we have designed an administrator function that allows bringing this unexpected liquidity to the pool on Uniswap.

Burning of the Liquidity Address: The address associated with the liquidity provided to the Uniswap pool by the contract is burned, making this liquidity ownerless and therefore eternal, i.e., non-retrievable by the contract. This strategic choice ensures a perpetual exchange place for the FWV token, thereby establishing a price floor for the FWV token in ETH.

Abandonment Clause: If half of the tokens are not sold within the allotted time (50 days) and the community considers (by vote) that the amount of ETH collected in Phase 1 is insufficient, the project is considered failed. In this case, investors are invited to sell their FWV tokens on the site to recover their initial investment.