Introducing AvtoMATIC Initial Jetswap Offering at Polygon Jetswap! 🤖 ✈

✈ Jetswapers and Jetfuelers, we are proud to announce our next Initial Jetswap Offering (IJO) with AVTOMATIC. 🤑

🤖 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!

About AvtoMATIC

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 Links

Website: https://www.avtomatic.finance/#
Telegram: https://t.me/avtoMATIC_Official
Twitter: https://twitter.com/avto_matic
Reddit: https://www.reddit.com/r/avtomatic/
Medium: https://medium.com/@avtoMATIC

💰 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

  • 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 get prepared for the sale:

  1. Purchase USDC.
  2. Go to https://polygon.jetswap.finance/ijo
  3. 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:

  1. 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.
  2. 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?

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.