How to participate in CryptoStream LBP on Copper?

CryptoSteam
2 min readMar 15, 2022

What is LBP?
LBPs start at a high price (probably more than you’d want to pay) and decrease according to a negative exponential curve. The price also moves when people buy in — the more people buy, the higher the price goes.

So if the decay curve is giving you too high a price, you can just wait for it to go down. But don’t wait too long or other people might drive the price back up.

For alphaPLAYER, the price at the beginning is set at 0.99 U, the minimum price will be 0.05U, and the duration of the auction will last for 3.5 days. LBP is held on Ethereum network; therefore, purchases should be made using either USDC or ETH and in return, alphaPLAYER will be received on the Ethereum network. At the end of the purchase, you will need to go to CryptoSteam official website to convert your alphaPLAYER on Ethereum to PLAYER on Avalanche C-Chain.

Website: https://copperlaunch.com/pools/0x1D95129c18a8c91C464111FDf7d0Eb241B37a985

LBP Start Time: 2022–03–15 10:00 AM UTC

How to Participate in the LBP?

1. Connect Wallet

Click on the top right corner【Connect Wallet】, and connect your wallet (Remember to switch to Ethereum Mainnet).

2. Wait until the price drops to a price you are willing to purchase. When LBP starts, a button will be displayed on the bottom right corner where you may use your USDC or ETH to purchase alphaPLAYER.

3. Convert alphaPLAYER of Ethereum to the PLAYER on Avalanche C-Chain at http://www.cryptosteam.com

4. Collet NFT Reward

If the converted alphaPLAYER value exceeds 1000U, an NFT will be rewarded (NFT reward is limited, so it will be distributed based on first come first serve).

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