Vice Starter will be the first product in the Vice Protocol ecosystem, constituting a launchpad that provides developers with practicality and a diverse environment to raise funds for innovative projects. Meanwhile, for investors, Vice Starter is a safe environment where stakeholders can contribute to the future of decentralized finance while investing in new projects.
Each project listed for fundraising can choose between two types of listing:
- Dynamic Pricing Pools;
- Fixed price pools.
This type of listing allows the price of the listed token to fluctuate along the fundraising chain.
Imagine that a given project X can determine 4 fundraising goals, where in each goal, the price of the token during the pre-sale may vary. For example, in goal 1, project X aims to raise $25k by selling each unit of its token at $0.05. In goal 2, Project X aims to raise $75k by selling each unit of its token at $0.07. In goal 3, Project X aims to raise $100k by selling each unit of its token at $0.10. In goal 4, project X aims to ultimately raise $120k by selling each unit of its token at $0.12. As a result, as Project X completed each goal, the selling price of token X increased, until it completed its final goal, raising a total of $325k.
This type of dynamic price listing allows those who arrive first the opportunity to obtain tokens at a lower price, while those who arrive later will buy at a price a little higher than the previous target, but still lower than the token listing price.
Unlike dynamic price listing, fixed price pools, as their name suggests, allow the listed token to have a constant price throughout the duration of the pre-sale.
$VICE holders must stake their tokens to gain access to the whitelist of new projects.