What was the purpose of the Discovery Phase of the LBE?

The purpose of the Discovery Phase of the LBE was price discovery of the $SPXT token.

During the Discovery Phase of the LBE, participants were able to deposit $ADA and contribute to the establishment of the token’s initial liquidity on the Minswap DEX. In exchange for their deposited ADA, users received SPXT/ADA, representing their contribution to the LBE. $SPXT tokens were provided from the allocated LBE pool (15%) supply, and after a period of 4 days the launch price of ADA/SPXT was determined for the DEX listing.