diff --git a/!KEYDOCS README FIRST!/Capital Providers, MOR20, TCM/MOR20 Token Launch Guide, Lessons and Tips.md b/!KEYDOCS README FIRST!/Capital Providers, MOR20, TCM/MOR20 Token Launch Guide, Lessons and Tips.md index f341868f..ed04c678 100644 --- a/!KEYDOCS README FIRST!/Capital Providers, MOR20, TCM/MOR20 Token Launch Guide, Lessons and Tips.md +++ b/!KEYDOCS README FIRST!/Capital Providers, MOR20, TCM/MOR20 Token Launch Guide, Lessons and Tips.md @@ -27,7 +27,7 @@ All three approaches have trade offs to consider described below. ### 1. Multisig Kickoff BEFORE Claims Go Live - In this scenario the Multisig starts the Uniswap pool. - All the liquidity and tokens set aside for launch can be seeded at once. -- However the ONLY tokens from the Multisig can be a seller in the Uniswap pool as no other claims are live yet. +- However ONLY the tokens from the Multisig can be a seller in the Uniswap pool as no other claims are live yet. - There will ONLY be buy pressure on the token as others can only put wETH to work in the pool. - This could lead to the price of the token rising too much in the absence of any other sellers. - This could also be seen as dumping the tokens on the community and no other token holders would be able to sell until claims go live. @@ -40,7 +40,7 @@ All three approaches have trade offs to consider described below. ### 3. The Third Option - Liquidity Is Provided Simultaneously When Claims Go Live - This was the approach taken with the Morpheus MOR token on its claim day at 12 noon UTC on May 8th 2024. -- This was proposed in MRC09 avoid the challenges of either providing liquidity Before or After claims went live. +- This was proposed in MRC09 to avoid the challenges of either providing liquidity Before or After claims went live. - Bugs in the Uniswap integration with the Multisig software prevented the deployment of Multisig liquidity for about 3 hours. - Thus the Morpheus launch defaulted into a scenario #2 community kick off model. - Due to this the community created the first Uniswap pools, however they were very illiquid as not many tokens were deposited. @@ -64,7 +64,7 @@ All three approaches have trade offs to consider described below. **2. Multisig Deploys Liquidity AFTER Scenario Tips:** - If your MOR20 project selects the 2nd option and the Multisig does the kick off AFTER claims go live. -- Adding liquidity to from a multisig is very different than doing it from a single address, largely due to the time lag between signers. +- Adding liquidity from a multisig is very different than doing it from a single address, largely due to the time lag between signers. - Uniswap has a series of protections to try and prevent you from making mistakes that can make deploying liquidity in size to a new contract challenging. - Uniswap safety checks include "slippage" protection checks and you may have to customize the transaction to allow for greater slippage than normal. - Multisig software safety checks include recommendations about the high risk of new contracts and you will have to get through these checks. @@ -74,5 +74,5 @@ All three approaches have trade offs to consider described below. **3. Simultaneously Liquidity Deployment Tips:** - If your MOR20 project selects to go live with liquidity at the same time as the token claims. - Consider having multiple experts in Uniswap, SAFE, and multisig set ups available. -- Morpheus is fortunately to have an experienced community of experts who quickly offered potential solutions and were able to debug the issues. +- Morpheus is fortunate to have an experienced community of experts who quickly offered potential solutions and were able to debug the issues. - Lastly make sure to have multiple back up signers, as hardware failures / errors or signing issues are always possible.