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RIVER will kick off a Public Sale, combining a dynamic pricing mechanism to enable fair market price discovery.
BlockBeats News, October 27th, River announced today that it will launch the River Pts Public Sale on October 29th at 10 pm, using a Dutch auction mechanism. The price will decrease over time within 48 hours. Users will participate in the subscription using BNB. The final settlement will be based on a unified price determined by the auction. All subscribed River Pts and excess refunds will be available for claiming on the official website immediately after the 48-hour auction ends.
River Pts is River's ecosystem points, serving as an ERC20 token that can be traded and staked. Under the dynamic airdrop conversion mechanism, River Pts can be converted into RIVER tokens at any time within 180 days, allowing time and market behavior to jointly form the value curve.
Since the TGE on September 22nd, River Pts has increased by 40 times, and after RIVER was listed on Binance Perp, it has increased by 5 times. Combined with the ongoing S3 Airdrop, market enthusiasm and participation continue to rise.
The official statement mentioned that the funds from this Public Sale will be used for ecosystem integration, RIVER token buyback, and the development of River DAO governance to expand River's footprint as a chain-agnostic stablecoin system.
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