FAQ
The presale link is NOT LIVE yet. When the presale link is up we will broadcast it across all of our social media in particular our Twitter, Reddit and Telegram platforms.
The CopperLaunch platform that will be hosting our presale is open and permissionless meaning anyone can create a presale with our name and logo, so always check.
To counter this we will be using this link to always redirect to the correct presale link: presale.SatoshiSwap.net
The presale will begin at 20th January 6pm UTC
Why was this specific mechanism chosen?
Since the price starts high it combats bots from sniping all the tokens in the first bloc.k
Whales who try to buy all the coins at once won't be able to as it forces the price up too much due to the price impact.
Real world results from projects such as Hydra, APY Finance, and Perpetual protocol show that it leads to a fair distribution (see a longer list of projects in the Introduction)
Capital efficiency. The initial price of the token being auctioned can be magnified by up to 99 times relative to the collateral deposited along with it.
Because of the above, participants can buy as much or as little as they want
What can I buy with?
You can buy presale tokens with USDC and sufficient ETH to pay for gas.
We will hold a poll to check if there is high demand to allow allow USDC with Polygon to pay for gas.
What wallets can I connect with?
The Copper Auction interface supports the following wallets:
MetaMask
Gnosis Safe
WalletConnect
Ledger
How does the presale connect to the whitelist dashboard?
Only wallet addresses whitelisted through the whitelist dashboard will be able to
What happens after the presale?
See Timeline of Events for an overview.
After the auction ends, tokens will be paused. We will then create the SatoshiSwap token on BSC and the meme token on ETH and you will be able to claim your tokens at the same time they go live on Uniswap and Pancakeswap as per the Timeline of Events
Why is there a whitelist program?
We take compliance with regulations seriously to ensure this is a multi-year project that won't be shut down or subject to overly harsh penalties. We need to be doubly cautious with our approach as SatoshiStreetBets already has the spotlight shone brightly on it and by extension SatoshiSwap isn't a random, small project that can operate below-the-radar.
Even with SatoshiSwap being a clear utility token with autonomous governance features baked-in, the SEC has made it clear they will pursue the founders of projects that are seen to have raised funds in a way that breaks their legal minefield of rules. Therefore we have a KYC and AML program as part of the whitelist process and will be unable to whitelist potential participants from "high-risk" countries.
You will also note this project is fronted by a registered company as per the presale Terms & Conditions.
How can I take part if I can't get whitelisted?
As per the Timeline of Events you will be able to purchase the meme token/SecondToken and SatoshiSwap on Uniswap and PancakeSwap respectively.
If Copper Launch is open and permissionless how is the whitelist being done?
We've built a whitelisting mechanism directly into the token being used for the presale auction. Attempts to buy during the presale auction from addresses which have not been whitelisted via the Whitelist Dashboard will fail.
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