Phase 1 : Tokens distribution

The initial phase of the project involves distributing the first half of the 90 million minted FWVB tokens. It should be noted that 100 million tokens are minted upon contract deployment, of which 10 million are immediately reserved for the creation team. These 45 million FWVBs are allocated through the smart contract at a fixed price of 0.0000025 BNB per FWVB, exclusively available on our website for a limited period of 10 days following the contract deployment. The BNB 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 FWVB 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 FWVB during this initial phase can only be made through our site. This limits the acquisition per user to a maximum of 2% of the total FWVB minted, which is 2 million FWVB per user. 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 FWVB 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 Binance Smart Chain 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 FWVB tokens are sold within the allotted time (10 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 BNB 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 FWVB to the contract using the aforementioned sale option in order to retrieve their BNB.

Phase 2 : Secondary market

This is where the adventure truly begins… For the second and final stage of the FWVB launch process, we have programmed the smart contract to generate the secondary market or free market, allowing the FWVB 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 FWVB tokens have been sold, which is the ideal scenario we all hope for; or it can be manually triggered if the amount of BNB collected in the phase is sufficient.

Pancakeswap V2 FWVB/BNB Pool Creation

At this stage of the project, the smart contract automatically creates a FWVB/BNB liquidity pool on Pancakswap. Simultaneously, it funds this liquidity pool with the BNB collected during phase 1 and the FWVB tokens that were not sold (theoretically 45% of the total supply). The exact amount of FWVB and BNB is calculated by the contract to ensure that the price of FWVB in BNB at the launch of the pool is equal to that of phase 1 (0.0000025 BNB per FWVB). Therefore, depending on the quantity of FWVB tokens sold in phase 1, there may still be some FWVB tokens left in the contract at the end of this step. In this specific case, the contract automatically burns the remaining FWVB tokens so that, by the end of this final phase, the contract is void of tokens, and all FWVB 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 FWVB tokens through the website are both automatically and permanently disabled by the contract. Consequently, FWVB exchanges will then take place through the newly created Pancakeswap pool. The price will become market-driven.

Liquidity

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

Statistical Analysis Continues

The statistical analysis initiated in Phase 1 seamlessly transitions into Phase 2, capturing comprehensive data from the newly formed FWVB/BNB Pancakeswap pool. These insights are instrumental in assessing the success of the project, user engagement levels, and the overall health of the FWVB 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: FWVB

Contract Address 0xB3d4cEeaA780Aa7C5010f4699544466a1d1a1A96 (bscscan)

Total Supply: 100 million FWVB with a 18 decimals precision (ERC20 standard). 10 million of FWVB are reserved for the creation team and 90 millions are ditributed to users.

Phase 1: Sale of 45 million FWVB at a fixed price through the website.

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

Initial Price: 0.0000025 BNB in Phase 1

Phase 2: 45 million FWVB + the BNB collected in Phase 1 will feed the liquidity pool created for the occasion on Pancakeswap

Adoption: The project aims to analyze the adoption phenomenon of a cryptocurrency. To do this, we collect on-chain data related to the FWVB 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 Binance Smart Chain, the entire FWVB contract code is accessible via its address (on bscscan.io for example).

Fairness: The automatic presale process prevents anyone from acquiring more than 2% of the total supply.

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 Pancakeswap before the contract does so.

Renunciation : Although the creator address retains some minor administrative rights over the contract during Phase 1 of the project, Phase 2 automatically leads to a complete and absolute renunciation of contract ownership.

Burning of the Liquidity Address: The address associated with the liquidity provided to the Pancakeswap 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 FWVB token, thereby establishing a price floor for the FWVB token in BNB.

Abandonment Clause: If half of the tokens are not sold within the allotted time (10 days) and the amount of BNB collected in Phase 1 is insufficient, the project is considered failed. In this case, investors are invited to sell their FWVB tokens on the site to recover their initial investment.