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 was the purpose of the Discovery Phase of the LBE?

PreviousWhere can you find out more about the SmartPlaces LBE?NextWhat was the opening price found by the Discovery process?

Last updated 10 months ago

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 . 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.

Minswap DEX