The Genesis Initial Coin Offering is how $LIGHT enters into the world. A fair launch that gives everyone an equal opportunity to purchase $LIGHT. It also marks the opening of Heaven as a platform.

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Terms

  • Sale starts at a $0 mc
  • Opening market cap = the total $ amount contributed to the sale
  • $1 contributed = $1 worth of $LIGHT at market open
  • Sale lasts for a maximum of 48h
  • Sale can be closed at any time within these 48h by the team
  • Partial refunds for all contributors may be issued after the sale in USDC-SOL, to reduce the total amount raised / opening mc.
  • Partial refunds to select contributors who purchased large amounts of supply may be issued to reduce their holdings and create better distribution for the launch.

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Timing

  • Genesis ICO begins on Wednesday, August 6th at 15:00 UTC (genesis.heaven.xyz).
  • Ends on Friday, August 8th at 15:00 UTC OR whenever the team chooses to end the sale.
  • The $LIGHT token begins trading 24h-72h after the sale ends.
  • Heaven as a launchpad opens 72h hours after $LIGHT begins trading.

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How to participate

There is no “connect wallet” or hot wallet signing necessary to participate in the Genesis ICO.

At the beginning of the sale, you enter your receiving SOL wallet address. This is the wallet address that will receive your $LIGHT tokens (and any proportionate refunds) to.

Then, you receive a dedicated address to send SOL/USDC/USDT to. This wallet address is linked to your receiving wallet. Any funds sent to this receiving address will mark your contribution to the the ICO.

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Tokenomics and vesting

For more information on $LIGHT, please head here.

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Why launch like this? Who is the marginal buyer?

An uncapped ICO that we are able to end at any time is the best possible route to allow the market to find a fair opening price for $LIGHT and ensure even distribution amongst sale participants.

There are a number of dynamics within the sale to incentivize marginal buy pressure on market open:
  1. We can end the sale at any time. The sale can last anywhere from 10 minutes to 72h. Many people who are waiting to see where the price is headed before buying will be sidelined by the sale closing early, and forced to buy on market open.
  2. We can issue proportionate refunds in SOL. The team holds the right to partially refund everyone proportionately to bring the total amount raised (and opening mc) down. This incentivizes buy pressure from existing sale participants on market open.

  3. “It’s just another launchpad”. Heaven is far from a consensus trade or platform, and many people will initially fade $LIGHT for that reason. Once the platform has launched and is generating revenue, those who initially faded will be sidelined and circle back.