BlockApex, leading Blockchain Consultancy Company, has successfully collaborated with Lightlink to help raise $5.28 million through a Liquidity Bootstrapping Pool (LBP) sale on the Fjord Foundry platform. The sale, which saw participation from 3,581 unique wallets, marks one of the highest engagement levels in recent LBP sales on Fjord Foundry.
Key Highlights:
- Total funds raised: $5.28 million
- Tokens sold: 49.82 million (nearly 100% of offered tokens)
- Final on-chain price: Approximately $0.209
- Fully Diluted Valuation (FDV): $209.04 million
- Number of participating wallets: 3,581
Strategic Recommendations and Findings
BlockApex provided several strategic recommendations based on the analysis of the LBP sale, which was conducted via simulations and modeling participants’ behavior.
- Setting Initial Prices and Weights: Establishing high initial prices combined with strategic weight settings can effectively prevent price manipulation and ensure fair price discovery.
- Provision of Adequate Liquidity: Adequate initial liquidity is crucial for establishing a stable starting price and facilitating smooth trades throughout the sale period.
- Token Supply Management: Offering a standard percentage of the total supply ensures a substantial float at launch, reflecting accurate price discovery.
- Dynamic Weight Adjustments: Transitioning from high to low weights encourages broader participation and ensures fair token distribution by allowing participants to engage at various price points.
- Utilization of Simulations and Participant Behavior Modeling: Leveraging a digital twin of the LBP sale to mimic market conditions and participant behavior was instrumental in determining the optimal parameters.
This approach enabled the prediction of an average price range of $0.15-$0.20 from simulations, whereas the actual price settled slightly lower at ~$0.12.
The success of Lightlink’s LBP sale demonstrates the effectiveness of BlockApex’s approach in navigating the complexities of token launches. By prioritizing fair distribution and price discovery, the strategy resulted in a diverse holder base and a stable token price post-launch.
Lightlink’s mainnet has already shown promising traction, with approximately 126,000 daily transactions, a total of 29,859,676 transactions processed, 590,180 unique wallets, and 30,474 deployed contracts.
This successful fundraising event positions Lightlink to further develop its infrastructure and expand its ecosystem, potentially accelerating the adoption of Layer 2 solutions in the enterprise blockchain space.
About Lightlink
Lightlink, an Ethereum Layer 2 blockchain solution, offers instant, gasless transactions designed for decentralized applications (dApps) and enterprises. The platform caters to businesses seeking predictable gas fees and high-throughput transactions, ensuring a seamless user experience directly from web3 wallets.
About BlockApex
BlockApex is a leading blockchain consultancy company specializing in token launch strategies, market analysis, and blockchain infrastructure development. With a team of experienced professionals, BlockApex helps projects navigate the complex landscape of cryptocurrency markets and achieve their fundraising goals through diverse Token Launch Mechanisms.
