The 1st Free Launchpad Project on BakerySwap: OpenSky ($OSKY)

BakerySwap
3 min readJan 11, 2024

What is Free Launchpad?

Free Launchpad is where you can participate in a project for free. The process is similar to previous launchpad projects, as you need to participate using certain tokens like $BAKE and $1CAT. However, the $BAKE and $1CAT will be 100% refunded after your participation. Qualified participants will receive project tokens based on their participation amount and whitelist status.

What is OpenSky Finance?

OpenSky Finance is the first hybrid NFT lending and borrowing protocol powered by Aave, offering peer-to-pool instant loans and peer-to-peer bespoke loans. It enables borrowers to seamlessly switch between these two types of loans in a single transaction.

OpenSky Finance’s vision is to help NFT enthusiasts on Ethereum, Bitcoin and other leading chains to unlock and put their valuable NFTs to work with high capital efficiency and no price-based liquidation risk.

Website | https://opensky.finance

Twitter | https://twitter.com/OpenSkyFinance

Discord | https://discord.com/invite/WDPSHnQbN8

Telegram | https://t.me/OpenSkyLabs

About $OSKY Token

The OpenSky Token, or $OSKY, is the OpenSky Protocol’s governance token. OpenSky DAO - made up of $OSKY holders and delegators - governs the OpenSky Protocol. The governance system uses a weighted voting system in which the amount of $OSKY tokens held determines voting power.

Benefits of holding $OSKY include:

  • Deployment and ownership of OpenSky smart contracts;
  • Vote on protocol parameters, such as interest fee changes and NFT whitelist inclusion and deletion;
  • Staking and Yield Farming;
  • Govern the DAO Treasury.

Token Info:

  • Name: $OSKY
  • Total Supply: 100,000,000
  • Token Price: 0.4 USDT
  • Distribution: Free Launchpad: 1.2%; Team & Advisors: 13.8% (Locked for 6 months with linear vesting over 18 months); Investors: 21%(linear vesting over 18 months); Community: 51%; DAO Treasury: 13%
  • Protocol: ERC-20

Free Launch on Bakery Launchpad:

  • Name: $OSKY
  • Total Supply: 100,000,000
  • Protocol: ERC-20
  • Launch Amount: up to 1,200,000 $OSKY (Valued 480,000 USDT)
  • Launch Price: Free
  • Launch Time: Jan 18th, 8AM UTC
  • Participation Tokens: $BAKE & $1CAT
  • Participation Caps per Address: Maximum 50,000 BAKE & 2,000,000 $1CAT
  • Launch Starts: Jan 18, 8AM UTC
  • Launch Ends: Jan 18, 9AM UTC
  • Participation Method: Participants will get $OSKY tokens on Ethereum according to the $BAKE & $1CAT participated. However, the $OSKY amount will NOT exceed 0.02*$BAKE participated and 0.0004*$1CAT participated. All the participated $BAKE & $1cat will be refunded within 24 hours after participating.
  • Benefits of WhiteList: WL addresses will get 3x $OSKY tokens compared with Non-WL addresses.

How to get whitelisted?

OpenSky is launching a series of marketing campaigns in collaboration with various crypto communities for whitelist spot distribution. Stay tuned for further announcements by OpenSky Official twitter and keep an eye on OpenSky Telegram channels.

BakerySwap: https://bakeryswap.org/

Twitter: https://twitter.com/bakery_swap

Telegram: https://t.me/bakeryswap

Medium: http://bakeryswap.medium.com/

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