We has concluded our IDO on March 6th at 10:30 AM EST. Our utility token TOOLS was made available on Pancakeswap and BSCEX’s SwapX an hour after the IDO.
After many days of hard work, we managed to hold the IDO successfully. Here are the details.
IDO/Public Sales Recap
- Charting feature is working and being improved: https://bsc.tools/pair-explorer/0x1387Cd767d797C834A8FEd4c2A3bf84067582420…
- Listing price: $0.8
- ATH price: $44
- Current Price: $18.4454
- Liquidity: Currently adding more The remaining will be used for listing big CEXes in the near future.
- Here is the list of addresses that get BSC.tools IDO Lucky Star: https://twitter.com/bscexofficial/status/1368174444666122240?s=28
Look out for the slippage. For higher liquidity please wait until farming $TOOLS is available on LaunchPoolX on http://BSCEX.org — which will be announced in the upcoming days.
Liquidity Issue During The Public Sale
Due to an extremely high amount of traffic from users, RPC network was overloaded, balancing server was congested. We are suspecting we had been attacked, the server was stuffed with a ton of requests with the amount equivalent to a DDOS. All these things led to a delay in adding liquidity.
We planned to add a small amount of liquidity in small batches to avoid and stop front bots from abusing and manipulating the price/ liquidity. All we wanted is to protect our investors. However, the demands of buying $TOOLS was extremely high, leading to the lack of BUSD to supply for liquidity. We will soon announce our detailed plan and solution to the problem.
The amount of $TOOLS in the liquidity pool remained low, making the price very unstable and hard for users to buy. People started to come to our group chat and fud and insulted and cursed. While being too busy dealing with the issue, we had to mute the chat several times.
We will unban all of the followers that went too aggressive at us last night. We are currently working at full focus and strength to start Liquidity Mining/ Farming with BSCEX’s team to supply the liquidity. We hope you can understand and thank you for your patience.
Important Links
- Homepage: https://bsc.tools/
- Dashboard: https://bsc.tools/dashboard
- Twitter: https://twitter.com/bscdottools
- Medium: https://medium.com/@bsctoolsofficial
- Telegram: https://t.me/bscdottoolschat
