🥾Bootstrap

• Mangata offers to bootstrap your token for a fixed duration without additional requirements

• An optional whitelist phase allows early supporters to get a guaranteed ratio

• MGX incentive options are available when pairing against MGX and include liquidity mining to increase liquidity depth and participating in Proof-of-Liquidity to secure the network against front-running.

Why bootstrap a token?

Putting your token on the market is an exciting challenge. The price isn’t discovered yet and many actors are trying to profit from early volatility. To lead a good launch, a liquidity bootstrapping event is a great choice to fill up a liquidity pool before trading begins. The pool is locked for the duration of the bootstrap to fill up with enough tokens first. This allows people on the market to make up their minds and helps the market coordinate the initial price.

Bootstrapping your token on Mangata is an excellent opportunity to engage your and our community!

If you are considering a bootstrap, Contact the team to get direct consulting on your questions.

Advantages of Bootstrapping on Mangata

In order to get your Web3 project out there, your token needs to get in the hands of as many people as possible to use it. You need exposure to the ecosystem. Mangata is here to enable this.

Mangata offer gasless swaps, prevent front-running, and don’t allow smart contracts on our parachain to ensure an easy and secure trading experience. We are partnering with innovative Web3 projects like OAK network to provide automated exposure and interconnectivity with other parachains for your project. Additionally, we have incentivization options for liquidity providers of tokens from more dedicated partnerships.

How does a bootstrap at Mangata work?

In general, creating liquidity pools on Mangata is permissionless. But to support new tokens in their price discovery, we can engage them in a liquidity bootstrap first.

A liquidity bootstrap is an event in which a liquidity pool gets filled up with tokens for a fixed period before trading is allowed. Mangata offers a single-sided provision of tokens so that they can be provisioned from both sides without any restrictions.

Additionally to this public phase, you have the option of using a whitelisted phase ahead of the public phase if you suspect that there is too much interest in your token and you want to make sure a list of early supporters gets a chance to acquire liquidity with a guaranteed minimum ratio.

Parameters you need to decide

• What token pair do you want to bootstrap? The most popular options are MGX, KSM, or a stablecoin.

• Timeline

  • How long do you want to run the bootstrap? We currently suggest the bootstrap with just the public phase should last for 2-3 days.

  • The start and the end of the bootstrap should fall on working days. Our work schedule is primarily based around the European time zones.

Things you need to bring

• Tokens

  • We advise that you ensure enough liquidity will be available at the end of the bootstrap, e.g. by providing parts of the liquidity yourself and considering options to also provide the other side of the token. The Mangata Ecosystem Development Fund might also decide to participate in certain bootstraps.

• Content

  • A written guide. Feel free to copy-paste here: MGX-KSM Liquidity Bootstrapping Event
  • A video guide. Get inspired here: https://www.youtube.com/watch?v=aeli5ZUrDGs&feature=emb_title

Incentivization Options

Co-Marketing Activities

• Co-Marketing activities around the bootstrap can include

  • simultaneous announcements

  • crossover community calls

  • incentivization of the liquidity pool after the bootstrap

Previous Examples

• MGX-KSM Liquidity Bootstrapping Event
• TUR-MGX Liquidity Bootstrapping Event