Dear Wisp Community,
We would like to initiate a community-wide discussion regarding the timing of our public Initial DEX Offering (IDO) on the WispSwap platform. As a community-driven project, your input and perspectives are crucial in making important decisions. Therefore, we present the following information for your consideration:
Recent market fluctuations have raised concerns about the optimal timing for our public IDO. Bitcoin and Sui prices experienced a temporary decline, indicating a challenging market environment. However, it is important to note that our team remains confident in the potential of Sui blockchain and anticipates future price movements.
Several reputable launchpads, including Poolz Finance, Seedify, Spores and Gate.io launchpad, have expressed interest in collaborating with WispSwap. Collaborating with a launchpad involves a comprehensive due diligence process, including technical reviews, team background checks, and the formulation of marketing plans, which may take 1-2 weeks to ensure maximum community awareness and engagement.
Community Concerns about Scam Pojects:
The presence of certain scam projects, such as Suidex, ObjectSwap and SuiFusion, has understandably affected trust levels within the Sui community. We acknowledge the importance of establishing our credibility and differentiating ourselves from such projects. Collaborating with reputable launchpads can help verify our project’s legitimacy and build confidence among community members.
In addition to the public IDO, we have been actively working on finalizing agreements with major centralized exchanges (CEXs) such as Bybit, Gate.io, OKX, MEXC and BKEX. The due diligence process with these CEXs also requires a significant amount of time. Listing on reputable CEXs can expand our reach and provide more liquidity options for our community members.
Strengthening Our Product:
While WispSwap boasts a range of innovative features, our marketing efforts have not yet reached their full potential. We believe that further enhancing our product presentation, including video content and influencer collaborations, can provide a more comprehensive and competitive offering to our community.
Notable Distinctions of WispSwap:
To further strengthen WispSwap team’s credibility, we would like to highlight a few key points:
- Smart Contract Audit: WispSwap’s smart contracts have undergone a comprehensive audit by Movebit, ensuring robustness and security.
- Sui Blockchain Engagement: We have been actively engaged with Sui community since its early days, participating in numerous Sui-related offline events and establishing strong relationships within the ecosystem.
- Transparent Community Engagement: Our commitment to transparency is evident in our track record of seeking community input and incorporating it into our decision-making process. For instance, we chose to reject VC funding based on community votes.
We invite each member of our community to review and consider the provided information. We value your thoughts, concerns and suggestions as we collectively shape the future of WispSwap. Therefore, we present the following voting options for your consideration.:
Option 1: Make the Presale (Whitelist) and Public Sale IDO as Planned
Proceed with the Presale (whitelist) and Public sale IDO on the WispSwap platform as originally scheduled for 18th May. This option maintains the current roadmap and provides an opportunity for community members to participate in the IDO.
Option 2: Split Whitelist and Public IDO
Conduct the Presale (whitelist) round on the WispSwap platform as planned, followed by the Public IDO on reputable launchpads. This option involves a slight delay in token claim time for whitelist buyers, but it allows us to leverage the credibility and exposure provided by launchpads.
Option 3: Delay Both Rounds
Postpone both the Presale (whitelist) round and Public sale round until we finalize agreements with launchpads and centralized exchanges (CEXs). This delay aims to ensure the best benefits for the community, as we secure strong partnerships and listings. While this option requires patience, it allows us to maximize the potential of our launch.
We encourage each member of Wisp community to vote for the option they believe aligns best with their interests and the long-term success of WispSwap. Your vote will have a direct impact on the future trajectory of Wisp community and WispSwap platform.
We highly value your input and trust, and we are committed to transparency and community consensus. Let’s work together to shape the future of WispSwap and achieve our collective goals.
- Option 1: Make the Presale (Whitelist) and Public Sale IDO as Planned
- Option 2: Split Whitelist Round and Public Round
- Option 3: Delay Both Rounds