 | Auction Light (ACL) |
GateStatus
IEO
Auction Light is an auction-based NFT marketplace that aims to increase NFT market efficiency through using auction mechanisms and gas-free transactions.
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Ticker
ACL
Type
Utility-token
Token standard
ERC-20
Launchpads
Gate.io StartupWhat is Auction Light
Auction Light, is the latest Web3 liquidity provider that facilitates decentralized and permission-less borrowing and lending of all NFT collections, while offering ETH liquidity pools for staking rewards, borrowing lending and more. Empowering user autonomy and transparency is at the forefront of our design philosophy, as we offer services which span across all Web3 assets.Auction Light's goal is to unlock the true potential of Web3 as we develop innovative NFT solutions including fractionalization, derivative markets, multi-chain support and flexible risk lending protocols giving the power back to the users. As we redefine utility and liquidity, new markets and opportunities will emerge with us at the forefront of this decentralized revolution.
Auction Light Roadmap
1
2023 Q4
- Launch of Auction Light testnet
- Start of ACL Pre-TGE Point Drop (Fair Launch) Event (CANDY point)
- Seed round fund raising completed for Auction Light
- Announce platform prime liquidity provider line-up
2
2024 Q1
- Gated access to mainnet private alpha launch
- Launch of $CANDY auction of blue-chip NFTs
- Enable NFT Collateral on bluechip NFT
- CryptoPunks
- Bored Ape Yacht Club
- Mutant Ape Yacht Club
- Sandbox LAND
- ETH lending vault goes live
- ACL Token Launchpad and IDO details release
3
2024 Q2
- Auction Light mainnet beta launch
- ACL Token Launchpad and IFO drop
- ACL Token Generation Event
- Conclude of Fair Launch event and TGE token conversion
- DEX Listing and ACL/ETH liquidity reward pool launch
- ACL vesting and ACL governance vesting reward goes live
- Tier 2 CEX listing
- Enable token governance portal and create the first community voted protocol decision
- Receive final report for code audit
4
2024 Q3
- Execute the first ACL buyback, using 100% of the revenue generated from Interest Rate Spread, Liquidation
- Integrate insurance coverage (eg: NexusMutual)
- Additional CEX listing, with Tier 1 exchange included
- Add multi-language support for front-end UI
- Start developing Auction Light v2
5
2024 Q4
- Launch of Auction Light v2 (Phase 1)
- Introduction of ACL Marketplace
- Enable MorFT trading of NFT & lendNFT positions (Margin Trading NFT)
6
2025 Q1
- Launch of Auction Light v2 (Phase 2)
- Introduce Permissionless Market, enabling non-bluechip NFTs to be listed on Auction Light
- Launch of Auction Light Insurance Fund, further securing the protocol from market risk
- Target to list introduce and onboard >50 NFT series on the Auction Light NFT pool, NFT series owner will lock ACL into bootstrap insurance fund in return for listing the NFT
- Introduce volatility fee distribution to ACL stakers, insurance fund and ETH liquidity provider
- Partnership with NFT projects / DeFi protocol on spot delivered NFT margin trading MorFT
Token Sale Dates
IEO
Start date: Jul 22, 2024
End date: Jul 24, 2024
Token Allocation
Total Token Supply 2,000,000,000 ACL
Total Tokens for Sale 2,000,000 ACL
Token distribution
Borrow & Lending Incentive - 30%
Retroactive Airdrop - 2%
Token LP - 13%
Initial Liquidity Offering - 5%
Token Vesting Incentives - 10%
Treasury - 10%
Founding Team - 15%
Seed Investors - 15%
Token Price and Payment Options
Token price USD 1 ACL = 0.02 USD
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