The Mirror Protocol (MP) has gained significant attention in the decentralized finance (DeFi) space, generating anticipation for its presale. However, unlike traditional presales that offer discounted token prices, MP adopts a unique approach. This article explores the rationale behind MP’s decision not to have discounted token prices during the presale and the various factors influencing this strategy.

Premium Company Image.

The decision not to offer discounted token prices during the presale aligns with MP’s positioning as a premium company. By maintaining the token price at a consistent level, MP emphasizes the value and quality of its ecosystem. This approach ensures that early participants perceive MP as a reliable and high-caliber project, building trust and attracting long-term supporters rather than short-term speculators.

Avoiding Massive Sell-Offs.

Discounted token prices during presales often attract participants solely interested in taking advantage of the discounted rates and selling off their tokens immediately after listing. This can result in significant price volatility and undermine the stability of the project. MP aims to discourage such early sell-offs and create a sustainable market environment by setting a fair token price during the presale.

MP Launch Sequence.

To manage the presale process effectively, MP implements a launch sequence that includes specific measures:

a) Sell Limit for the First 48 Hours.

During the initial 48 hours of the presale, MP implements a sell limit to regulate the volume of tokens that can be sold. This measure helps prevent any potential market manipulation or excessive token dumping, promoting a more controlled and stable market environment.

b) Presale Dashboard.

MP provides a dedicated presale dashboard where participants can track the progress and status of the presale in real-time. The dashboard offers transparency and enhances the user experience, enabling participants to make informed decisions and monitor the presale’s progression.

Conclusion.

The Mirror Protocol’s decision not to offer discounted token prices during the presale reflects its commitment to maintaining a premium company image, avoiding malicious sell-offs, and serving its marketing objectives. By setting a fair token price, The Mirror Protocol attracts long-term supporters who believe in the project’s value and are invested in its success. The implementation of measures such as a sell limit during the initial phase and the provision of a presale dashboard enhances transparency and ensures a controlled presale process. Through this strategic approach, The Mirror Protocol sets the stage for a sustainable and thriving ecosystem in the decentralized finance space.

Imagine growing up in a place that is home to seven prisons. You can now picture ‘Mayor of Kingstown,’ but is Kingstown, Michigan real?

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Another week, another TikTok phrase…

Since its conception in 2016, TikTok has not only become a go-to destination for creative short-form video content, it’s also become a sort of cultural zeitgeist.

Beyond offering a platform for users to share their life hacks, parenting techniques, funny impressions and more, the social site spews out new phrases and trends like there’s no tomorrow.

From “cheugy” and “the CEO of”, to the recent “Adult Swim” challenge – there’s a plethora of language constantly being added to our everyday vocabulary.

The latest addition? ONG.

Here’s exactly what it means and how it’s being used on TikTok.

So, what does “ONG” stand for and what does it mean?

Nope, people aren’t accidentally misspelling “OMG” (Oh my God). “ONG” actually stands for “On God”.

Essentially, it just means you strongly agree with a statement or sentiment – sort of like “I swear to God”. For example, “Sour Patch Kids are the best sweets ONG.”

It’s usually added at the end of a sentence.

Where did the TikTok phrase come from?

A viral clip of 22-year-old social media star Tana Mongeau talking about YouTuber Bryce Hall recently became a meme.

In the video, Tana was discussing the upcoming Youtube vs TikTok boxing match when she was asked whose side she was on.

She replied saying she thought Bryce would win, commenting: “We team Bryce out here. Even the paparazzi’s team Bryce, on God.”