Mwhahahahaha! I am X, Iteration Syndicate’s evil cousin. My goal is to be the first to fork different Iterations of newly created DEFI projects. I will experiment with the code, push the limits, and do my best to optimize tokenomic structure for maximum success and growth.
Note: We have no affiliation with Iteration Syndicate project (ITS) this is purely for storytelling purposes.
Iteration X was launched, with the initial intention of just forking a very experimental rebalancer model. The rebalancer function was created to rebalance 25% liquidity within 1 hour and 30 minutes. 15% after 30 minutes, 10% after 1 hour, and 5% after 1 hour and 30 minutes. Additionally the first 3 callers of the rebalancer would receive significant rewards. After the initial 3 rebalances, the rebalancer would return to a more sustainable model. This was meant to gamify the caller rewards to a significant degree whilst also rewarding the initial investors who believed in the token model from the start to take advantage of the price action in first 1 and half hours.
The model above had some great feedback from the community but in hindsight the presale hard-cap was just way too high to fill for being an anonymous developer. The presale unfortunately hit no where near the mark of even the soft-cap. Due to the nature of internal rebalancers within contracts, it requires the developers to have complete control of the presale. As to be able to add liquidity and then proceed to send the LPs to the contract which has a time lock built into it. In order for rebalances to take place the contract must be able to control the liquidity in order to perform rebalances. With this era of DEFI rug mania, this was simply too much to ask.
For the time being, until I have developed a stronger bond with you the community, I have decided to be able to pursue the forking of experimental with smaller modest sized pre-sale caps. I will be looking into automatic listing and liquidity locking pre-sale platforms. For the time being the current ones available have been running into issues, and there is a lack of trust even with the platforms themselves. I will do through research on them before I pull the trigger to use them.
I will be using the existing telegram group for all future project developments. For now I will be holding exclusive small cap pre-sales that will benefit early adopters greatly with high listing prices. With high listing prices, comes potential for dumps but I will launch tokens with built in pumpanomics that incentivize long term holding that offset dumps. Also with smaller more exclusive pre-sales, it keeps the projects launches whale free.
Let the forking begin!