Introducing AvtoMATIC Initial Jetswap Offering at Polygon Jetswap! 🤖 ✈
🤖 avtoMATIC is a Polygon blockchain-based yield aggregator/optimizer that seeks to provide long-term investors with long-term returns within a single pane of glass ecosystem.
AvtoMATIC utilizes unique features like the Foundry’s Auto Compounding Vaults, Loyalty Multipliers, and LP Zap.
🤯 New IJO Format!
The AVTO team is seeking to raise $500,000 to fund their liquidity and foundry. After the 5% Jetswap fee is taken, $237,500 of the proceeds from the sale will be used to 👉 market buy $PWINGS 👈 and will be sent to the AvtoMATIC Foundry where it will compound untouched for months. The remaining USDC will be converted to MATIC and paired with AVTO to form the initial liquidity at Jetswap.
The Foundry is the core of the decentralized mutual fund. It is a liquidity broker that directs the assets under management (“AUM”) in the Foundry wherever the AVTO DAO, or the Manufactorium, decides. At its base, the spread of the AUM is dependent on the form it receives its asset injection from the fees of the yield aggregator platform. It is expected that further platforms will be built to direct additional revenue streams into the Foundry.
AvtoMATIC nonnative pools will have 1% deposit fees and will charge 20% performance fees which are used to fund the foundry.
❤️ Loyalty Multiplier
Every vault comes with a built-in multiplier feature. As emission allocations are fixed on a vault-level, the multiplier simply increases the user’s share of Token emissions allocated to that vault at that point in time. The multiplier starts at 1.0x (100%) on deposit. The multiplier increases by +0.1x (+10%) every 24 hours up to +3.0x (+300%) after 30 days, capping to a max multiplier of 4.0x (400%).
⚡ LP Zap
AvtoMATIC introduces an easy 1 click option for investors to quickly and easily use their MATIC to buy into LP (liquidity provider) positions.
For example, User A wants to farm AVTO with the $PWINGS-$MATIC LP from Jetswap. He doesn’t want to go through the process of buying $PWINGS and combining it to the LP and then depositing the LP to the vault. Instead, he just uses the amount of MATIC he wishes, presses the ZAP button, and the LP is automatically created and deposited into the vault. AvtoMATIC will charge a 1% fee for the service and this is deposited back to the Foundry.
💰 AVTO Tokenomics
$AVTO is a ERC20 token on the Polygon Network. $AVTO has an approximate max supply of 21,000,000 tokens with a 10 year+ emissions schedule. There is a 2% burn on transfer to ensure $AVTO becomes deflationary. $AVTO is allocated as follows:
AVTO IJO Details
- Token Name: avtoMATIC
- Contract Address: 0x1F3995854c486632f750530538F5f8Cd475C96f4
- Token Symbol: $AVTO
- AVTO for sale: 2,100,000 (10% of Total Token Supply)
- Total Token Supply: 21,000,000 AVTO
- IJO Sale Price: $0.238
- Raised in: USDC
- Amount to Raise: $500,000 USDC
- Sale Type: Capped Overflow
- Wallet Cap: $15,000
- Start Date & Time: September 23rd 5 PM UTC
- End Date & Time: September 24 5 PM UTC (24 hour raise)
Getting Started with IJOs
The Jetfuel Launchpad is an innovative token sale and liquidity incentive platform. We partner with the best projects to assist them in their fundraising, marketing, development, and liquidity. Jetfuel Launchpad will give projects much more of their raised funds.
How to participate in the AvtoMATIC IJO
To learn more about Jetfuel’s launchpad, visit https://docs.jetfuel.finance/launchpad.
To get prepared for the sale:
- Purchase USDC.
- Go to https://polygon.jetswap.finance/ijo
- Wait for 5 PM UTC on Sept 23rd for the AVTO sale to start.
What to do during the sale:
While the sale is live, commit your USDC tokens to buy the AVTO tokens, up to $15,000 per wallet. You are purchasing the tokens with your USDC. This is not the same as “staking”. You will buy your AVTO with USDC at the IJO Portal: https://polygon.jetswap.finance/ijo
What to do after the sale:
- Hang tight. The dev teams will begin to enable the AVTO-MATIC pWINGS farm, pWINGS for AVTO staking pool, and initial liquidity. After the initial liquidity is set, claim the AVTO tokens you’ve bought. We estimate this to take about 1–2 hours. Your unspent funds will also be sent back to you.
- Done! In the case of oversubscription, you can unstake your remaining USDC tokens at https://polygon.jetswap.finance/ijo
What is the “Capped Overflow” sale method?
TLDR: Basically, the more you put in, up to $15,000, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much as they want, up to $15,000, or as little as they want to the IJO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale. The capped overflow prevents one wallet from purchasing a majority of the tokens.