The Bounce Finance TLOS swap will start at 17:00 UTC, on Monday, March 1st, 2021
A maximum allocation of 20 million TLOS (ERC-20) will be on offer in a single tranche via the bounce.finance decentralised auction house, which equates to approximately 10% of the circulating TLOS supply. The swap aims to raise liquidity to fund the listing of TLOS on Uniswap and top tier centralised exchanges. The funding goal is 1,500 ETH and the sale will run for 72 hrs or until the funding goal is achieved, whichever comes first. The exact amount of TLOS offered will depend on the listing price in ETH.
This will be the first and only opportunity to get ahold of some ERC-20 TLOS tokens in exchange for ETH, before the launch of TLOS on Uniswap, which will be taking place no later than 24 hours after the close of the swap on bounce.finance.
The ERC-20 tokens available in the swap will be on offer at a higher price than the native TLOS tokens currently available via exchanges such as Cointiger, Probit, and Tswaps. However, the swap price will represent a discount on the Uniswap listing price.
The price of TLOS ERC-20 tokens in the Bounce swap will be announced 24 hours prior to the swap beginning, as will the expected listing price on Uniswap.
Prospective buyers will be able to find the auction live on Bounce Finance only after the time and date mentioned above. Anyone can set up an auction on bounce.finance and fraudulent look-alike sales have occurred, so please only use the link to access it from our website or any of the above mentioned official channels.
We can only share the official link once the swap has begun. For all details related to the TLOS liquidity raise via bounce.finance, the Uniswap listing, and how native TLOS and ERC-20 TLOS will interact, read our post on it here.
What do I need to take part?
All you need is the Metamask Wallet browser extension and ETH to make your swap from ETH to TLOS.
If you have ETH on an exchange, such as Coinbase or Binance, you will need first to set up your Metamask wallet and transfer the ETH over to it.
bounce.finance also supports BinanceWallet, WalletConnect, Coinbase Wallet, Ledger and Trezor. Any of these wallets will work, too, once connected.
If you are new to using hot wallets, then we recommend starting with Metamask.
How to buy TLOS (ERC-20) in the bounce.finance swap
At the time the swap event opens (March 1st, 2021, 17:00 UTC), you will be able to access the TLOS ERC-20 swap on bounce.finance.
You will not be able to enter the auction for TLOS tokens before this time, and if you see another auction offering TLOS tokens, it is a scam. Only use the link to the auction found on this website or via our official announcement channels.
The link will only be shared after 17:00 UTC on March 1st, 2021.
Once you have the link to our official swap on bounce, click it and it will take you through to a page that looks like this:
All details on the page will remain blank until you have connected your wallet, by clicking connect wallet in the top right of the screen.
Once you have connected your wallet, you will see the name of our official swap in the centre of the screen, followed by the Ethereum contract address: 0x7825e833d495f3d1c28872415a4aee339d26ac88
On the left side, it will show the fixed swap ratio, or how much TLOS you will receive for 1 ETH.
On the right side, you will see an option to ‘Join the pool’ and enter ‘Bid Amount’. This is where you enter the amount of ETH you want to swap for TLOS ERC-20 tokens.
How to enter the bid
To enter the bid, enter the amount of ETH you want to swap for TLOS and then click go. You will then be prompted to confirm the transaction in Metamask (or any other wallet you use).
PLEASE NOTE: If a transaction error with a very high gas fee (usually over 200 USD) appears, please do not proceed and go back to the parameter page to check if everything is entered correctly.
Once you have completed the transaction, your shiny-new TLOS ERC-20 tokens will instantly appear in your wallet.
You may need to add the token manually for some wallets so it appears in your wallet. To do this click the ‘Add token’ button.
Then click ‘Custom Token’ and copy and paste the TLOS contract address (0x7825e833d495f3d1c28872415a4aee339d26ac88), and click ‘Next’. Your TLOS tokens will now appear in your wallet.
Please note, as we write this post (February 23rd, 2021), Ethereum market conditions have been highly volatile. In order to protect TLOS buyers, we may make the strategic decision to delay the bounce.finance swap until market conditions have stabilised. We will keep you updated.