Burn LVL to acquire LGO, and gain access to the LEVEL DAO
Using state-of-the-art knowledge in science, finance and economics, we devised a formula which protects existing LGO holders from possible dilution caused by the LGO Dutch Auction. This auction mechanism creates a better link between LGO and LVL, boosts demand for LVL and increases accessibility to LGO. The anti-dilution paper can be found below.
Bidders must hold LVL in their wallets.
- Auction Asset: LGO
- Pay in LVL
- Style: Dutch Auction (Reverse Price Auction)
- Time: Saturday 9PM UTC
- Duration: 24 hours
- Vesting: None