FAQ
  • Land Plot Platform
    • Help / FAQ
    • How to sign up
    • How to log in
      • Email address
      • Apple, Google or X
    • How to navigate the platform
      • Top left menu
        • Connect
        • Explore
        • Thrive
        • Buy Credits
      • Top right menu
      • Navigation menu
    • How to set up your account
      • Dashboard
      • Notifications
      • Vouchers/Credits
        • Vouchers
        • Credits
      • Manage Account
        • Account
        • Wallets
        • Security
        • Privacy
        • Referrals
      • Manage POIs
      • Claiming Portal
        • Overview
        • Pioneer Rewards
        • Staking
        • Staked
      • SmartChase
      • Help/FAQ
      • Sign out
      • Account Deletion
    • How to ‘Connect’
      • Get started
      • About us
      • Help/FAQ
      • Whitepaper
      • Contact
      • Press Kit
    • How to ‘Explore’
      • Land Plots
        • How to search land plots
        • How to purchase land plots
        • How to customize land plots
        • How to upgrade your land plot NFT
        • How to purchase land plots from other users
        • How to create posts and POI placements on land plots
      • Communities
      • Point of Interest (POI)
      • Ambassador Program
    • How to ‘Thrive’
      • Buy $SPXT
      • Buy Credits
      • SignUp / Account
      • Claiming Portal
      • Staking
      • Land Plot Swapping
      • Cross-chain
        • Bridge NFT Land Plot
    • How to ‘Buy Credits’
      • Land Plot Credits
      • Smart Credits
  • Promotions & Campaigns
    • Current Campaigns
      • Win the legend
      • Smart Deal
    • Concluded Campaigns
      • Airdrop Season 2
        • New to SmartPlaces
        • Already a land plot owner
        • Referral Program
        • SmartChase: The Infinite Quest
          • Game Rules
          • Prizes & Leaderboard
            • Instant Prizes
            • Grand Prizes
            • Bonus Event
          • FAQ
            • What is SmartChase: The Infinite Quest?
            • How do I start playing SmartChase?
            • What is the objective of the game?
            • What are pills and why are they important?
            • What are ghosts and how do they affect gameplay?
            • What happens if I lose all my lives?
            • What are power pills and how do they work?
            • What are instant prizes, and how can I win them?
            • How does the scoring system work?
            • What is the leaderboard, and how do I win?
            • What is the timer and why does it matter?
            • Can I pause the game?
            • What happens if I exit the game or close my browser?
            • How do I purchase more lives?
            • What is the ultimate goal of the game?
      • Unleash the Spark
        • Airdrop Program
        • Referral Program
  • Token Launch
    • $SPXT Token
      • What is the difference between $SPX and $SPXT?
      • What is the $SPXT token?
      • Where can you get $SPXT tokens?
      • What is the total supply of $SPXT?
      • What was the circulating supply of $SPXT at the time $SPXT was first listed?
      • Can you convert SmartPoints into $SPXT tokens?
    • Liquidity Bootstrapping Event (LBE)
      • When did the token launch take place?
      • What is a Liquidity Bootstrapping Event (LBE) and how does it work?
      • Where can you find out more about the SmartPlaces LBE?
      • What was the purpose of the Discovery Phase of the LBE?
      • What was the opening price found by the Discovery process?
      • What can be done during the Encounter Phase of the LBE?
      • How much $ADA was raised? What were the minimum and maximum targets?
      • What is a Liquidity Pool (LP)?
      • What are LP tokens?
      • What can you do with your SPXT/ADA tokens?
      • What is the Launch Bowl NFT?
      • How can you benefit from the Minswap farming option?
      • How can you claim $SPXT to farm?
      • How can you redeem your SPXT/ADA tokens and receive farming NFT and LP tokens?
      • How can you withdraw your liquidity to convert your LP tokens into $ADA and $SPXT?
      • How can you stake your LP tokens in the yield farms at Minswap?
      • What is the difference between the LB ADA-SPXT farm and the regular ADA-SPXT farm?
      • How much additional $SPXT has SmartPlaces provided as a reward for the LB ADA-SPXT farm?
      • What will occur with the LB farm once this supply is depleted?
      • What are $SPXT rewards for $MIN stakers all about?
      • What is impermanent loss?
    • Claiming Rewards
      • When can you claim your $SPXT tokens?
      • What are the types of rewards?
      • How can you claim your $SPXT tokens?
      • How long does it take until your claiming plan is set up?
      • What does it cost to claim $SPXT tokens?
      • Will you be able to lock your $SPXT tokens?
      • What is ‘vesting’, what is a ‘lock’ and what is a ‘cliff’?
      • What is the difference between ‘Full vested only’ and ‘All rewards’?
    • $SPXT Staking
      • Is there a time limit for the availability of the exclusive Pioneer staking pool?
      • Is there a limit to the availability of staking $SPXT in general?
      • Can you make multiple stakes in the exclusive Pioneer staking pool?
      • Why does the staking screen not show your staked tokens?
      • What is the $SPXT staking pool FlexOption?
      • How does the FlexOption process work for the $SPXT staking pool?
Powered by GitBook
On this page
  1. Token Launch
  2. Liquidity Bootstrapping Event (LBE)

What are LP tokens?

Participants in the LBE receive 50% of the resulting Liquidity Pool in the form of LP tokens, representing both $ADA and the project’s token. By providing $ADA in this event, participants effectively exchange half of the $ADA they supply for the project’s token, at a price fairly determined at the end of the Discovery Phase.

PreviousWhat is a Liquidity Pool (LP)?NextWhat can you do with your SPXT/ADA tokens?

Last updated 12 months ago