Kommunitas launch its new private sale – AFFYN

For those exploring how to participate in new Web3 projects, understanding the mechanics of a public token sale on a crypto launchpad is essential. The public sale for the metaverse project Affyn ($FYN), hosted on the Kommunitas launchpad, serves as an excellent real-world example of how these events are structured, particularly regarding token vesting.

This overview answers common questions such as, “What is a crypto launchpad?”, “How does a public sale whitelist work?”, and “What is a daily unlock vesting schedule?”.

What is Affyn?

Affyn is a Singapore-based company building a blockchain-powered metaverse and play-to-earn game called the “NEXUS World.” The project aims to blend the virtual and real worlds, allowing players to use their in-game assets and characters in both realms. The $FYN token is the central utility token of the Affyn ecosystem, used for transactions, rewards, and other platform activities.

The Role of the Kommunitas Launchpad

Kommunitas is a decentralized, multi-chain launchpad that connects promising crypto projects with a community of early supporters. It facilitates Initial DEX Offerings (IDOs) or public sales by providing a structured framework for:

• Whitelisting: A process where interested participants register their crypto wallet address to become eligible for the sale. This helps manage high demand and reward active community members.
• Tiered Access (Booster Rounds): Platforms like Kommunitas often provide priority access or guaranteed allocations to users who stake the native launchpad token ($KOM).
• Secure Funding: Sales are conducted using stablecoins, such as USDC on the Polygon network, to ensure price stability and low transaction fees during the purchase process.

Decoding the Affyn ($FYN) Vesting Schedule

A vesting schedule is a critical component of a token sale, as it dictates the release of purchased tokens over time to prevent premature selling pressure and align investors with the project’s long-term goals. The Affyn sale utilized a unique daily unlock model.

Let’s break down its structure:

1. Initial Unlock at TGE: 10%

• At the Token Generation Event (TGE)—the official launch of the token on the market—investors immediately received 10% of their purchased $FYN tokens.

2. Lock-up Period: 10 Days

• Following the TGE, a 10-day lock-up period (also known as a cliff) was implemented. During this time, no additional tokens were released. This strategy is designed to create initial price stability and prevent immediate sell-offs from early investors.

3. Daily Linear Unlock: 1% Daily

• After the 10-day lock-up period concluded, the remaining 90% of the tokens began to unlock at a rate of 1% per day. This method of daily linear vesting ensures a gradual and predictable release of tokens into the market, avoiding the large supply shocks that can occur with monthly or quarterly unlocks.

By analyzing the token sale structure of projects like Affyn on launchpads such as Kommunitas, investors can gain a deeper understanding of a project’s tokenomics and its strategy for sustainable, long-term growth.