The FEAST sale opens on 18 October: 24 hours, one price for everyone
FEAST is Feast's platform coin, and the contracts give it two jobs. Every week for 52 weeks, a share of the 14.2% of its supply set aside for this goes to traders, creators and referrers, by the trading fees each of them paid, took in or brought that week. What a week shares out is capped by a schedule that falls week by week and, once FEAST's pool is open, by 15% of that week's fees valued in FEAST (a ratio the timelock can set between 5% and 20%); a week with no fees shares out nothing, and the timelock can send up to half of a week's new share to a bridge escrow instead. Each week's share can be claimed at feast.meme/claims from 09:00 SGT on 19 October, for 12 weeks from then or from the week's settlement if that is later; what is not claimed by then is burned. And the platform's share of every trading fee goes to a contract that hands it over only to someone paying in FEAST, and burns the FEAST it is paid.
The window opens at 08:00 SGT on Sunday 18 October (00:00 UTC) and closes 24 hours later, at 08:00 SGT on Monday 19 October (00:00 UTC). Anyone can put BNB in, in any amount. Until 07:00 SGT on Monday a commit can be taken back, in BNB; in the last hour BNB can still go in, and nothing can be taken back.
300,000,000 FEAST are on sale, 30% of the supply. There is one price for everyone: the BNB put in, less the 1% trading fee, divided by 300,000,000. Your FEAST is your part of the pot: put in a tenth of it and you get a tenth of the FEAST on sale. Nobody knows the price until the close: every BNB put in raises it and thins every share. When in the 24 hours you put in makes no difference to it.
If less than 1 BNB is in the window when it closes, nothing is sold and every commit can be refunded in full. Settling the sale is a button anyone can press once the window has closed; if nobody has settled it 7 days after the close (later by however long the system was paused), it sells nothing and every commit can be refunded in full as well. Refunds come back as WBNB, BNB's wrapped token, one for one.
Settling opens FEAST's own pool, FEAST/BNB, at that same price. Trading in it starts at 09:00 SGT on Monday 19 October (01:00 UTC), one hour after the close, or at the moment the sale is settled if that is later. The pool holds the other 300,000,000 FEAST and the BNB put in, less the 1% fee, and that liquidity is locked for good: the contract that holds it has no function that removes liquidity, and it cannot be upgraded. The BNB put in is not paid to us; the 1% fee goes where the platform's share of every trading fee goes.
If the window sells nothing, the pool opens all the same: all 600,000,000 FEAST go on its sell side, starting at about 0.0000001 BNB per FEAST. That price is used only when nothing is sold; it is not a minimum for the sale.
FEAST's supply is 1,000,000,000, minted once and routed by a single transaction: 60% to the pool (half sold in this window, half the pool's sell side); 25% to the team, released evenly over 36 months from the window's close; 14.2% to the weekly shares above, over 52 weeks; 0.8% for up to eight partners, 0.1% each, whom the team may name within 90 days of genesis and whose share unlocks only by the fees of the trades they refer in the first 26 weeks. A place nobody is named to, and whatever does not unlock, is burned.
FEAST and the sale's contracts on BNB Smart Chain:
FEAST: 0x747dC14ec8B21bD9137dAc9148d61A084c18C2A2
FeastLaunchWindow: 0xF447824065dfFAdaaD7B66EC2a5A30eb41f6DE70
FeastTeamVesting: 0x5Ff91F2548CF84360Dbc2507E83D8a76B285f891
FEAST/BNB pool id: 0x58fbbd6ee5e1588979fac56f68cb10dbcfad04764facd33bb1080f4d2f80f8c0
Any other address presented as FEAST is not ours.
All of it happens at feast.meme/sale: putting BNB in, taking it back, settling, claiming FEAST and refunds, with the window's figures read from the chain.
feast.meme, the sale page included, is closed to visitors from Cuba, Iran, North Korea, Syria, Russia, Belarus and the occupied regions of Ukraine, and people there may not take part.
FEAST can lose value, down to nothing, and nothing here is advice.