Phase 2 / 3 Mainnet — Nearly there!
One day closer…another successful phase completed and around 24 hours until the full launch our confidential cross chain exchange.
Early liquidity providers will meet one of the airdrop eligibility requirements, those users who are bridging and adding liquidity will qualify for this specific requirement,
We are very happy to announce that phase 1 was a success! During the week we had over $1M USD bridged into sapphire and added as liquidity. Farming rewards will be turned on after the TGE (4th FEBRUARY).
Phase 2 officially starts at 20 UTC today!
This means, cross chain swaps will be enabled and it will be much easier for users to be on-boarded as they can swap from eg Ethereum → Sapphire or any other EVM based chain. Users do not even need ROSE to perform swaps as you are always paying the gas in Source gas tokens.
As a cross-chain exchange, our primary goal is offering secure and confidential cross-chain swaps. We have also been working hard to create the infrastructure for facilitating native swaps on sapphire for both private and non-private tokens along with the additional support of tokens with custom logic e.g (anti whale, custom tax).
Charting & Analytics
We have deployed our own analytics. In addition to this we have also contacted Dexscreener to get them to add Sapphire chain to their supported list of networks along with the listing of our exchange platform.
You can view our analytics here.
Help us out with Dexscreener!
As Sapphire is a new chain, we’re still very much in the phases of developing and getting infrastructure to support all kinds of needs and with the help of the community, we can get the infrastructure in place faster!
ETA — unknown on Dexscreener, to support our listing request, it would be appreciated if you could give us an up vote in Dexscreener’s Discord for our chain listing + dex listing requests to possibly speed things up.
You can do that by joining their discord and then navigating into Forums → dex-listing / chain-listing and searching for “illuminex dex listing” or “Oasis sapphire listing”.
Dexscreener’s Discord channel
Tokens with custom transfer logic (tax, anti-whale and etc)
Developers who wish to deploy tokens with custom logic will have to wait for our raw router to go live. Raw router will be enabled at @21:00–22:00 UTC when systems are declared stable.
Tokens that were deployed prior to phase 2 are available instantly due to our compatibility functionality.
Full launch & TGE / IDO token claims
At 17:00 UTC Sunday, 4th February, we are officially starting phase 3 — the final phase of going Mainnet!
What does this mean?
TGE OF IX!
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Everything is expected to be fully functional, farms emitting tokens as rewards, and users will be able to claim their IDO tokens through our custom user interface. Users will also be able to stake their $IX tokens on this page.
It gets better though… $IX is single sided staking!
IDO participants can claim & stake their tokens here.
After the full launch, you will be able to see different claim functionalities here if you participated in the IDO.
Must know for TGE & purchasing IX
As we all know, participating in any TGE is a very stressful event as it’s a time sensitive movement.
Purchasing IX — For the first hour, we have restrictions set at a max purchase at 54,000 IX tokens per transaction as an anti-whale prevention feature along with token tax that will be used for buyback and burn instantly after the hour is up.
Slippage for IX — During the first hour, we have also automatically set the slippage for you to 95%, the reasoning for this is to ensure swap orders go through, especially if user is entering from another chain eg Ethereum → Sapphire. The transfer takes time and if slippage is too low, it would revert and user would require to have ROSE tokens to claim their refund and start the process, and that’s why we have set a HIGH SLIPPAGE AUTOMATICALLY for you to minimize friction during the first hour, and only the first hour.
Instant purchases of IX — To have instant swaps even when doing a cross chain swap, the best approach is you swap into pIX (private wrapped IX token) as it does not go through the buffering queue. The address is not listed due to anti bot prevention, you can find the token in the swap’s drop down menu.
To learn more about the other “must know” prior to TGE read our article about the launch mechanics, scroll down until the “launch mechanics” section.
Do not take anything in here as financial advice, DYOR and be aware of the risks with cryptocurrencies!
