The ideas of pre-funding, overfunding and fair allocations might be confusing, so we’re going to explain why we’re using them for the sale of $ATLO.
In both the Early Bird and Public Sales, there are constants:
The number of tokens for sale in the round.
The window of time available to buy.
The price of the token for that round.
A minimum buy amount.
In a typical First-Come-First-Served structure, participants are placed in a queue and whoever is at the back of the line loses out. Either that or the even more frantic scramble where whoever’s Tx gets through first secures the bag. This often means the sale is over really fast, and you have a very small window of opportunity, sometimes minutes, to participate. Just reading that probably causes you anxiety.
Allocations in these situations come down to chance, which is why we prefer the pre-fund route for our launch, which encourages measured, thoughtful action and provides plenty of time to participate.
All this means less stress.
The amount of $ATLO available to you, over and above the $250 minimum buy, depends on these variables:
How many surplus tokens are available in the round (each is capped at 40 million).
How much UST you pre-funded.
How many participants requested extra $ATLO.
How much UST others have prefunded.
When allocating extra tokens at the close of the sale, we start with the smallest requested amounts and work our way up to the largest.
In the Intro to Early Bird and Public Sales we defined Fair Allocation as
“The amount a participant can be certain of receiving in a sale, provided they bid enough.”
In the Early Bird sale, we’ve referred to the Fair Allocation as $1120 :
$2 800 000 divided by 2500 participants.
In Phase 1 of the public sale the Fair Allocation is $640 :
$3 200 000 divided by 5000.
The raise targets are constants, and it’s likely there will be les than 2500 participants in Early Bird, and less than 5000 in Phase 1 of the Public sale. Therefore, the fair allocation number will be higher. Participants with an appetite for more tokens can over-fund to take advantage of this.
This is very simply funding more than the fair allocation. There is no maximum buy in, so participants can overfund for as much as they think they are likely to get. If there are not sufficient tokens available in the round to fulfil their requested allocations, their unused UST is returned to them.
AN EXAMPLE IN ACTION
Let’s say Atlonauts A, B & C are participating in the Public sale ($0.08 = 1 $ATLO). For the example, let’s assume:
- They are the only 3 participants who have overfunded.
- In our example the unallocated tokens at the close of the sale amount to 5250 $ATLO or $420 worth of tokens.
Here’s how those would be distributed.
Let’s start with how much each Atlonaut has overfunded:
Adam : An excess of $60.
Bob : An excess of $160.
Cristin : An excess of $9360.
We would first settle the smallest requested amount first, like so :
$60 + $60 + $60 = 2250 $ATLO.
Atlonauts A, B and C would get 750 $ATLO each.
The participants now have
A : 750 ATLO + $0 remaining
B : 750 ATLO + $100 remaining
C : 750 ATLO + $9300 remaining
Only two participants, B & C, have funds left. There is 3000 $ATLO unallocated.
Participant B has $100.
Participant C has $9300.
Each participant would get $100 or 1250 $ATLO as that’s the smallest amount available to buy with.
B now has 2000 $ATLO (750 $ATLO + 1250 $ATLO) + $0 left.
C has 2000 $ATLO (750 $ATLO + 1250 $ATLO) + $9200 remaining.
The final $40 or 500 ATLO would all go to Participant C, as she has remaining funds and there’s no one else to split it with. Her remaining UST would also be returned along with the tokens (no later than at TGE).
Each participant would have bought their maximum fair allocation, in addition to their overfunded excess amount.
SO, TO WRAP IT UP
No rushing, no stress, no risk of a changing price, a fair allocation you can rely on and a little bit of uncertainty IF you want to overfund.
The price per token and total number of tokens is constant.
The number of participants in Early Bird and in Public Phase 1 has a maximum, but the actual number is unknown.
The fair allocation equals the raise for the round divided by the number of participants.
Overfunding gives the chance for bigger allocations, but the final amount of $ATLO beyond the fair allocation is unknown.
Sale starts January 28th, first 5000 to complete KYC have a spot in Phase 1 of the Public Sale and 48 hours to fund their Atlo account. if you have any more questions about this, feel free to ask them in our Telegram group, Discord or @ us on Twitter, and we’ll try our best to help.