$FOTO ILO Sold Out In Less than One Minute

2 min readFeb 27, 2021

💌 Thanks for the community participation on SakeSwap Initial Liquidity Offering (ILO). There were 100+ users simultaneously accessing the FOTO ILO from the first minute. And The FOTO Tokens sold out in one minute. SakeSwap is building the World №1 NFT Liquidity Platform.

📈 $FOTO

FOTO price soars 855% in 20 hours after SakeSwap ILO. Data from Info.SakeSwap shows that FOTO surged 1080% from ILO price of 0.00002222 ETH to its new high at 0.00024 ETH. The current price is 0.00019 ETH per FOTO.

ILO is a decentralized crowdfunding mechanism that creates AMM liquidity pools directly with higher liquidity utilization. Projects can list their tokens and use the platform to raise funds with lower cost and simpler process. ILO provides a seamless fusion of token issuance and trading which brings higher liquidity utilization for both project and investors.

How can ILO maximize the liquidity utilization?

Projects only need to provide liquidity for the Project Token and investors to contribute the Fund-Raised Token. Once an ILO is successful, a liquidity pool with the Project Token/Fund-Raised Token at a ratio of 50/50 will be automatically created on SakeSwap.
LP Token from the liquidity pool with the Project Token/Fund-Raised Token will be distributed to projects and investors according to the scheduled LP Unlock Frequency. LP tokens can track the contribution to the liquidity pool and are used for distributing shares of the transaction fees accumulated.

🐈 Upcoming ILO — EtherCats!

SakeSwap ILO will bring the community a new NFT project for Initial Liquidity Offering! Stay tuned!