Foresight News reports that the Bitcoin public chain Side has announced the launch of The Last One public fundraising program on November 26, 2024. This event will begin at 2 PM on November 26 and will last for 7 days. The Last One introduces a countdown reward mechanism based on the traditional LBP (Liquidity Bootstrapping Pool):
Phase 1: Each transaction purchasing more than 1000 SIDE tokens will trigger a 10-minute countdown. If no one purchases by the end of the countdown, the buyer will receive a reward of 1 million SIDE tokens; if someone else purchases, the timer will reset until a winner is determined. If no winner is determined in Phase 1, the event will enter Phase 2, which takes place in the last 10 minutes of the LBP. At this time, the last participant who purchases at least 50000 SIDE tokens will directly receive a reward of 1 million SIDE tokens. The total reward pool for this event is 3,000,000 SIDE tokens, with a maximum of 3 winners. The SIDE token is issued on the Solana chain, and users can convert it to the native token after the main net goes live in January. The LBP will open at 8 AM on the 26th at Fjord Foundry.