The Bitcoin dark horse public chain Side, which has recently become popular on the Internet due to its airdrop activities, has once again caused heated discussions. They announced that they will launch a new "The Last One" token issuance plan on November 26, bringing a refreshing token distribution method to the market. This article will provide you with a detailed analysis of the event rules and how to participate.

Participation link: https://app.fjordfoundry.com/token-sales/2rAWk5vqp3LqwkC6eoZwPy9TFmd58osjA5BdezQZnfBi

What is The Last One?

The Last One is a new gameplay innovatively designed by the Side team based on the traditional LBP (liquidity launch pool), which aims to reward users' activity and enthusiasm for participation.

Review of Traditional LBP

LBP, Liquidity Bootstrapping Pool, is a method to distribute tokens fairly and efficiently through a dynamic auction mechanism (similar to a Dutch auction). The price is high at the start and then gradually decreases, helping to discover the fair price of the market and promote a wider distribution of tokens.

What makes The Last One unique

Compared with traditional LBP, The Last One has added a countdown reward mechanism, which not only distributes tokens fairly, but also increases the fun and competitiveness of participation through incentive mechanisms.

The Last One Rules:

Event Time

  • Phase 1: 2024 November 26 14:00 - December 3 07:50 (Beijing Time)

  • Phase 2: 07:50 - 08:00, December 3, 2024 (Beijing Time)

Phase 1 Rules

In Phase 1, every single purchase of more than 1,000 SIDE tokens will trigger a 10-minute countdown:

  • If no one buys during the countdown, the buyer will become “The Last One” and receive a reward of 1,000,000 SIDE tokens.

  • If someone else buys during the countdown, the timer will reset and the cycle will repeat.

Phase 2 Rules

  • If no one wins in the first phase, the event will enter the second phase. During this period, the last user who purchases at least 50,000 SIDE tokens in a single transaction will directly win 1,000,000 SIDE tokens.

Activity Information

  • Total reward pool: 3,000,000 SIDE tokens are prepared during the event, and up to 3 winners will be generated.

  • Transaction Fee: Each transaction will be charged a 2% fee, which will be collected by the cooperative platform Fjord Foundry. The Side team does not participate in the fee sharing. It is recommended to minimize the transaction frequency to reduce costs.

  • Reward Distribution: After the event ends, the Side team will verify the winning addresses within 48 hours and manually distribute the rewards. All transaction records can be queried on the Solana blockchain to ensure transparency and fairness.

About $SIDE Token

It is currently issued based on the Solana blockchain, and the mainnet is expected to be launched in January 2025, when users can convert SPL-standard $SIDE into native tokens.

  • Total Tokens: 1,000,000,000

  • Initial circulation: 229,000,000

  • SPL contract address: 32E7eivh8gtU1FvKs7qVfVvaKeieq62CVa2ZpSca8ZGy

Here are some key parameters of LBP:

How to participate?

Participation link: https://app.fjordfoundry.com/token-sales/2rAWk5vqp3LqwkC6eoZwPy9TFmd58osjA5BdezQZnfBi

The Last One event will be held on Fjord Foundry, the leading LBP platform, which has helped multiple projects raise more than $1 billion in financing. It is worth mentioning that this is Fjord Foundry’s first Solana LBP event, and participants need to use SOL tokens to purchase $SIDE.

Conclusion

The Last One has added an interesting countdown mode to the traditional LBP market pricing mechanism, and has set the launch time 4 hours before the airdrop registration opens. It is expected that both activities will be very popular, so let us wait and see.