What is Fjordfoundry.com and How to Build Your Own Public Sale Launchpad

What is Fjordfoundry.com?

Fjordfoundry.com is a platform designed to bridge the gap between innovative blockchain projects and engaged supporters.

They prioritize fairness and transparency by offering various token sale methods, most notably Liquidity Bootstrapping Pools (LBPs), and here is how they provide value:

Benefits for Project Teams:

• Focus on Development: Concentrate on building your vision while Fjord streamlines liquidity generation for decentralized exchange trading.
• Seamless Fundraising: Access a pool of early-stage backers passionate about your project’s goals.

Benefits for Backers:

• Early-Stage Opportunities: Discover promising projects that align with your interests.
• Democratized Access: Participate in funding opportunities traditionally reserved for larger investors.

Fjord fosters a collaborative environment where projects and backers can connect, build partnerships, and achieve mutual growth.

Why is Fjordfoundry.com making a buzz in web3 Space?

Fjord Foundry Revenue Highlights:

Total Revenue: Generated $25 million before the introduction of the FJO token.

• Supported over 600 project communities with a total volume of $1.4 billion.
• Achieved 88,000 unique wallets and over 231,000 swaps.

FJO Token Revenue: Since the launch of Fjord V2 in December 2023, it has generated $9 million, with a projected yearly revenue of over $30 million.

Liquidity Bootstrapping Pools (LBPs): Raised $15.35 million through an LBP on April 19, 2024.

Revenue Sharing Model: Collaborates with game developers, ensuring a diverse game library at zero cost to the platform.

Operating Costs: Works with external partners for sustainable business expansion, including costs for referrals, curation, and other expenses.

Revenue Allocation: Allocates 100% of swap fees to the treasury, calculated by annualizing data from the last 30 days.

How is Fjordfoundry.com different from other Lunchpads?

Fjord Foundry offers a compelling platform for launching tokens using Liquidity Bootstrapping Pools (LBPs) with these key advantages:

• Fair Price Discovery: LBPs start with a high price that gradually lowers, eliminating “sniping” by bots and large investors. This ensures everyone can buy tokens at a fair market price.
• Open Participation: Anyone can freely buy or sell tokens in the LBP, avoiding whitelists, minimum investments, or restricted access.
• Transparent Distribution: LBPs prevent the “first-come-first-served” model, discouraging whales and giving everyone a chance to participate.
• Capital Efficiency: LBPs allow projects to magnify their initial token price compared to deposited collateral, lowering capital requirements.

Fjord’s Specific Benefits:

• Sniper Bot Resistance: Fjord’s high-to-low price discovery mechanism hinders bots, allowing you to join at a price you consider fair.
• Equal Opportunity: Fjord provides a level playing field for everyone, allowing ordinary participants a shot at new projects without information disadvantages.
• Sustainable Communities: Fair launches foster trust and ownership within communities, encouraging long-term engagement with your project.
• Proven Success: Fjord boasts the highest volume and bootstrapped funds compared to similar platforms, showcasing its effectiveness.

By leveraging Fjord Foundry, projects can launch tokens fairly while attracting a wider, more engaged community.

What are Liquidity Bootstrapping Pools (LBPs) and How it Works?

LBPs are a novel approach to launching tokens with fairness and transparency.

Here’s a breakdown of their functionality:

Concept: Imagine a pool containing two assets:

• Project Tokens: These are the new tokens being launched.
• Liquidity Provider Token (LP Token): This is typically a stablecoin (e.g., USDC) used to buy project tokens.

Frontend (User Interface):

• Users see details about active LBPs, including current price, total raised, and remaining time.
• Users can participate by buying tokens at the displayed price.

Backend:

• Manages the LBP’s logic and interacts with smart contracts.
• Tracks token purchases and adjusts the price based on pre-defined parameters.
• Distribute purchased tokens to participants and deposited collateral to the project creator.

Smart Contracts:

• Securely hold the tokens and collateral deposited into the LBP.
• Automate price adjustments based on a predetermined schedule or token weight changes.
• Ensure fair and tamper-proof execution of the LBP process.

How does LBP work for the Creator and Participants

LBPs operate through a seamless interplay between various components:

Frontend (User Interface):

Creators:

• Define LBP parameters (starting and ending price, duration).
• Deposit tokens and initial collateral (e.g., stablecoin).
• View real-time LBP data (raised funds, remaining time, current token price).

Participants:

• Browse active LBPs.
• View key details (current price, total raised, remaining time).
• Purchase tokens at the displayed price.

Backend:

Both Creators and Participants:

• Facilitates interaction with smart contracts.
• Processes user actions (purchases for participants, LBP creation/management for creators).
• Provides real-time data updates on the frontend.

Smart Contracts:

Core of the LBP:

• Securely hold deposited tokens and collateral.
• Automate price adjustments based on pre-defined parameters (weight changes, time-based triggers).
• Ensure fair and tamper-proof execution of the LBP process.
• Distribute purchased tokens to participants and remaining collateral to the creator upon LBP completion

LBP Mechanism:

Setup:

• Creator deposits tokens and initial collateral (e.g., ETH) into the smart contract.
• Smart contract creates a pool with a specific starting price and token-to-collateral ratio (e.g., 100 tokens : 1 ETH).
• Creator defines additional parameters:
• Ending price (lower than starting price).
• Duration of the LBP (e.g., 24 hours).

Dynamic Pricing:

• Unlike fixed-price launches, LBPs employ a dynamic pricing mechanism.
• The price starts high and gradually decreases over time. This is achieved through:
• Weight Adjustment: The smart contract dynamically adjusts the weights of tokens and collateral within the pool. As participants buy tokens, the token weight in the pool decreases, leading to a relative increase in price for remaining tokens. This pricing formula ensures a smooth price discovery process.

This mechanism discourages bots and large investors from manipulating the price at launch.

Fair Distribution:

• The dynamic pricing allows for a more gradual and community-driven price discovery process.
• Participants have the opportunity to purchase tokens at a price they find fair, reducing the impact of bots and speculative buying.

Liquidity Creation:

• Funds raised from token purchases are used to create a market for the new token on a decentralized exchange (DEX).
• The remaining tokens and collateral are distributed back to the project creator at the end of the LBP.

Benefits for Creators and Participants:

Creators:

• Fairer price discovery for their token.
• Reduced impact of bots and manipulation.
• Broader community participation and distribution.
• Efficient liquidity creation for the new token.
• Potentially lower upfront capital requirements compared to traditional launches.

Participants:

• Opportunity to acquire tokens at a fair price.
• Transparent and predictable pricing mechanism.
• Reduced risk of manipulation by bots or large investors.
• Early access to promising projects.

Liquidity Bootstrapping Pools for Creators

Fjord V2 introduces a suite of innovative features designed to empower project creators with greater flexibility and control over their Liquidity Bootstrapping Pools (LBPs).

This upgrade goes beyond traditional buy-and-sell LBPs, offering exciting possibilities for token launches and fundraising.

Here’s a breakdown of key features and their benefits for creators:

1. Token & LBP Lock:

• Enhanced Security: Tokens and liquidity are locked for the entire LBP duration, ensuring stable liquidity and secure trading.

• Transparent Distribution: At the end, creators execute a “close” function, securely distributing actual tokens to participants and liquidity back to the creator’s wallet

• Benefits: Increased participant confidence, preserves LBP exclusivity, supports advanced V2 features.

2. Token Vesting (Integrated with Sablier):

• Gradual Token Distribution: Automate token distribution with customizable vesting schedules, ensuring a smooth and secure release process for investors or team members.

• Flexibility: Choose vesting schedules with or without cliffs (a waiting period before token distribution starts).

• Benefits: Aligns token distribution with project milestones or team tenure, and fosters long-term commitment.

3. Buy Only LBPs:

• Reduced Sell Pressure: Focuses solely on token purchases, ideal for projects prioritizing initial distribution and price discovery.

• Strategic Divestment: Allows projects to divest existing token assets in a streamlined manner.
• Benefits: Maintains dynamic price discovery, and simplifies participation for buyers.

4. Zero Collateral LBPs:

• Lower Entry Barrier: Launch tokens without requiring any initial collateral, making fundraising accessible to early-stage projects.
• Reduced Risk: Minimizes upfront capital risk for creators.

• Benefits: Democratizes access to LBPs, opens doors for new ideas.

5. Cross-Chain Sales (using LI.FI):

• Increased Liquidity: Utilize liquidity from any blockchain and any liquid token to buy into LBPs on Fjord.
• Reduced Siloing: Breaks down barriers between blockchain ecosystems, fostering broader participation.

• Benefits: Enables participation from a wider range of investors, leverages Layer 2 solutions for lower fees.

Additional Features we recommend:

• Custom Token Redemption: Integrate custom tokens for redemption within your LBP.
• Soft & Hard Caps: Set clear fundraising goals with minimum and maximum thresholds.
• Price Bands: Maintain greater control over token price movement with acceptable trading ranges.
• Referral Fees: Incentivize community outreach and expand LBP reach.
• Limit Orders: Allow for more precise buying by letting participants set predetermined purchase prices.
• Whitelisting: Curate your participant list for added security and exclusivity.
• Leaderboard: Foster a competitive spirit and community engagement by showcasing top contributors.
• Fixed Price Sales: Offer a simplified buying experience with a fixed token price.

Creating an LBP on Fjord Foundry

Before You Begin:

• Test your LBP on a testnet like Goerli or Sepolia before launching.
• Gather necessary resources: project token address, collateral token (USDC/USDT), and project information.

Creating Your LBP

Contract & Images:

• Provide your project token contract address and relevant images.
• Ensure your token doesn’t have transfer restrictions that could affect the LBP.

Recommended image sizes:

• Token image: 400x400 pixels, .jpg or .png format.
• Banner image (optional): 620x200 pixels, .jpg or .png format.

LBP Characteristics:

• Choose between “Buy Only” (purchasing) or “Buy and Sell” (purchasing and selling) models.

Define LBP parameters:

• Quantity: Number of project tokens to distribute.
• Collateral token: USDC/USDT used for purchasing tokens.
• Weights: Starting (high) and ending (low) weight for project tokens to influence price decay.
• Duration: Start and end date/time for token purchase availability.

Preview the price discovery graph to understand how your settings affect token price throughout the LBP.

Vesting (Optional):

• Decide if you want to distribute tokens gradually over time through vesting.

Configure vesting details if applicable:

• Start time: Automatically set after LBP ends (can’t be changed directly).
• Cliff time: Optional locking period before vesting begins.
• End time: When the vesting period concludes.

LBP Details:

• Provide category (e.g., DeFi) and project description (max 1000 characters).
• Set main links to your project or additional LBP information.
• Choose any necessary geo-blocking restrictions.
• Request optional curation from third parties for increased visibility (optional).

Social & Community:

• Connect your project’s Twitter account (mandatory).
• Optionally connect your project’s Discord for community engagement.

Review & Sign:

• Carefully review the LBP summary to ensure all details are correct.
• Agree to the terms of service.
• Sign the creation transactions to launch your LBP.

Success! You can now view your live LBP on Fjord Foundry.

Managing Your Fjord Foundry Sale

This section explains what you can modify after creating a sale on Fjord Foundry.

Editable After Sale Creation:

• Project Details: Edit descriptions, connected social accounts, links, logo, banner image.
• Visibility: Pause your sale to temporarily remove it from listings.
• Fundraising Information: Update details on previous funding rounds and geo-blocked countries.

Not Editable After Sale Creation:

• Tokenomics: Token weights, liquidity settings, duration, price curve, and sale dates are locked once set.

Editing Process:

1. Locate the small purple edit button (pencil icon) on the bottom right corner of your sale page.
2. The edit page allows modifications to the editable details mentioned above.
3. Remember, edits are unavailable once the sale is complete.

Liquidity Bootstrapping Pools for Participants:

Fjord V2 introduces a range of new features designed to improve your experience with Liquidity Bootstrapping Pools (LBPs). Here’s a breakdown:

For Participants:

• Token Vesting: Tokens are gradually released over time, fostering long-term project engagement.
• Buy Only LBPs: Participate in token sales similar to traditional methods, focusing solely on buying.

Token & LP Lock

• V2 LBPs use token locking to maintain liquidity throughout the event

Benefits:

• Increased trust and stable trading experience.
• Exclusive trading window prevents early withdrawals or external liquidity disruptions.
• Seamless integration with V2 features like token vesting.
• Strategic participation similar to later-stage investment rounds.

Redeeming our Tokens

• After the LBP, you need to redeem your tokens to receive them in your wallet.
• Vested tokens will have a link to Sablier for tracking your vesting schedule.
• Pool closing can be initiated by participants or project creators.

Token Vesting with Sabler

• Tokens are gradually released over a set period after an LBP.

Benefits:

• Buy tokens at a potential discount for long-term commitment.
• Aligns with VC investment strategies for promising projects.

Find vesting details on the LBP page:

• Enabled/Disabled indicator
• Vesting schedule with start/end date, cliff (if applicable), and Sablier link.

Access your vested token NFT on Sablier after redemption.

Buy Only LBPs

• Focus solely on buying tokens, similar to traditional token sales.

• Identified by “LBP Type — Buy Only” on the platform.

Cross-Chain Sales

• Use liquidity from any supported chain and any liquid token to participate in sales.

Benefits:

• Access liquidity from various blockchains.
• Utilize Layer 2 solutions for lower fees while accessing Layer 1 liquidity.
• Simple user experience for cross-chain participation.
• Encourage broader market participation from diverse blockchain ecosystems.

Supported via LI.FI for seamless cross-chain swaps.

Additional Features we recommend:

• Zero Collateral LBPs: No initial collateral required for participation.
• Custom Token Redemption: Projects can define specific token redemption requirements.
• Soft & Hard Caps: Set minimum and maximum contribution limits for projects.
• Price Bands: Participate within price ranges pre-defined by project creators.
• Limit Orders: Set buy orders at specific prices for automated execution.
• Whitelisting: Participate in exclusive LBPs with participant verification.
• Leaderboard: Track your contribution and compete with other participants.
• Fixed Price Sales: Participate in LBPs with a fixed token price.

Participating in an LBP on FjordFoundry.com

Here’s a simplified guide on how to participate in an LBP on Fjord Foundry:

Before You Begin:

• Research the LBP: Analyze factors like token supply, team background, market cap, liquidity plans, and project potential.

Requirements:

• Supported Wallet: Install a crypto wallet like MetaMask (compatible with Ethereum, Avalanche, and Arbitrum).
• Funding Tokens: Hold tokens like USDC, DAI, WETH, or ETH (depending on the LBP).

Steps:

1. Fund Your Wallet: Transfer the required funding tokens to your wallet address.
2. Connect to Fjord Foundry: Visit https://www.fjordfoundry.com/ and connect your wallet.
3. Explore LBPs: Browse active LBPs and choose one you’re interested in.

Buy Tokens:

• Consider your buying strategy based on the dynamic pricing model.
• Input the amount of funding tokens and the desired number of project tokens.
• Approve the transaction in your wallet (may incur gas fees).
• Confirm the purchase.

• Redeem Tokens (After LBP):
• Once the LBP concludes, redeem your project tokens to your wallet.
• For vested tokens, use the provided link to view your vesting schedule.

Curated vs. Unvetted LBPs on FjordFoundry.com

Fjord Foundry allows anyone to create an LBP (permissionless platform). Here’s how projects are listed:

Unvetted LBPs:

Listed directly from the blockchain.

• Not endorsed by Fjord Foundry.
• Higher risk; token value could drop to zero.
• Fjord Foundry is not responsible for losses.
• Hidden by default (use filter to see them)

Curated LBPs:

• Selected by independent experts (curators).
• Curators specialize in different areas.
• Fjord Foundry doesn’t control curator selection criteria.
• Do your own research before investing.
• Highlighted with a “curation badge” on the live LBP page.

In short, curated LBPs offer some vetting by specialists, while unvetted LBPs carry higher risk and require more caution.

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Tech Stack used to build Fjordfoundry.com Clone

Conclusion

Fjordfoundry leverages a robust and modern tech stack to empower innovative projects and engaged communities. By combining performance-focused tools, user-friendly frameworks, and secure infrastructure, Fjordfoundry fosters a seamless experience for both project creators and token backers.