Token generation event (TGE) and vesting
At TGE, tokens will be minted on the Ethereum blockchain and immediately transferred to the 3air blockchain on SKALE. We will be minting ERC20 tokens directly on Ethereum because of future cross chain compatibility and higher possibilities of partnering up with other projects. Also, listing on centralized exchanges is easiest with a token of ERC20 standard. We have also written about the ease of switching between EVM compatible chains. A token directly on Ethereum makes this even easier to do in the unlikely event of something happening with Skale or the desire to move away.
With using the SKALE Interchain Messaging Agent (IMA), we will bridge the tokens to our own Skale chain and immediately lock them up into vesting contracts that will be published on our Git Hub pages for review and audit. This way we will be avoiding any high fees of the Ethereum blockchain and be working in a zero-fee environment.
Vesting will start together with providing the initial DEX liquidity even that TGE will be done some time leading to the DEX listing. We will mint the tokens before DEX listing to provide better transparency as token lockups will be clearly visible on-chain and because of some launchpads requiring tokens upfront to integrate with their platforms. The vesting cannot start before the initial listing as anyone holding tokens already would be able to provide liquidity themselves and that can cause potential problems with scams or high volatility of the traded token.
An app will be provided that will allow you to connect an integrated browser wallet (like Metamask) and claim your tokens at any point in time. With zero-fees you will be able to be in control of your own tokens at any point in time with no additional cost. The vesting will be done continuous on every EPOCH. This means that you will not need to wait for a whole month before you will be able to claim your tokens, but you can claim the already vested tokens at any time you want, even multiple times per day.
3air, its affiliates or third parties may provide first liquidity in the amount of 50M 3air tokens at the price of $0.1. If it is in the interest of 3air and the community, this liquidity could potentially remain in place for a long period of time, such as 3 years. Because of the fast development of the blockchain space, an appropriate DEX might be selected at a date closer to the TGE. 3air, its affiliates or third parties might choose to list on multiple DEXes and multiple blockchains at TGE. Such choice may be made taking into account SKALE native DEX development progress and traction as well as traction of other blockchains.
After a successful launch, 3air will aim to list on several prominent centralized exchanges and funds will be set aside to provide efficient market making services, supporting the token.
Considering gas fees
3air is aware of the issues plaguing older blockchains in regard to high gas fees, especially Ethereum. With 3air being operational in developing countries and selling monthly subscriptions, we cannot utilize a blockchain with high fees. This is why we have chosen Skale. Skale creates an environment with zero-gas fees for the end user. As we will be moving all tokens form Ethereum to Skale, each user will be able to claim their tokens, use or trade them for zero-gas fees on the whole Skale ecosystem.
There will also be a fiat onboard and offload ramp provided for ease of use and greater adoption. We are also aiming on integrating with centralized exchanges in the future, that will make it even easier and cheaper to transfer value between chains from outside Skale.