The First IBO Project:Stable++

1.Basic Information:

Stable++ is an over-collateralized stablecoin protocol within the RGB++ ecosystem. Its token is $STB, with a total supply of 21M.

As the first project on the IBO platform, Stable++ has considered ecological development and the interests of participants. To maximize participant benefits, there will be no “community fundraising.” $STB will be distributed in a new way, bringing more innovative issuance methods to the Bitcoin ecosystem.

Website:www.seal2earn.xyz

2.IBO (Initial Bitcoin Offering) Process

Note: The following times are in UTC+8.

Phase 1: Stake $Seal for 7 Days to Earn 2% $STB

1.July 26: Staking begins; staked assets cannot be withdrawn until August 5.

2.July 29: No further staking will be allowed; staking rewards will begin to be calculated**.**

3.August 5: 7-day staking ends; 2% of $STB will be proportionally distributed to the stakers.

*Staking Method: Stake RGB++ asset $Seal on Bitcoin mainnet to earn $STB, which is airdropped to the corresponding L2 (CKB) address.The unlocked $Seal will also be returned to the L2 address, not the Bitcoin mainnet.

*Example: If 1 million $Seal are staked, and User A stakes 10,000 $Seal, they receive 0.02% of $STB.

*Note: Minimum stake is 500 $Seal. If an address holds less than 500 $Seal, staking will fail.

Phase 2: Stake for 30/60 Days to Earn 18% $STB

*This phase starts on August 6. At that time, users have two staking options:

  • Stake for 30 days to earn 6% $STB

  • Stake for 60 days to earn 12% $STB

*In this phase, a linear staking method is used. For example, in the 30-day staking pool, from August 6 to September 6, User A can choose to stake at any time. Once staked, $Seal is automatically locked and cannot be withdrawn. It must be staked for the full 30 days before it can be normally withdrawn. The staking pool will close on September 6, at which point the total staked amount is calculated, and the proportionate airdrop of $STB for each user is determined in advance.

Staking Method: Users can stake RGB++ asset $Seal on either the L1 Bitcoin mainnet or L2. After staking ends, users need to manually claim their $STB and unlocked $Seal, which will be sent to the L2 address.

Example: For the 30-day staking pool, if a total of 1 million $Seal is staked, and User A stakes 10,000 $Seal, they will receive a proportionate distribution of 1% * 6% = 0.06% of $STB.

*Users can participate in the 30-day staking pool and then continue with the 60-day staking pool.

Note: Each address must stake at least 500 $Seal. If an address holds less than 500 $Seal, staking will fail.

Phase 3: Airdrop 30% $STB to RGB++/BTC/CKB ecosystems

Through liquidity incentives in the RGB++/BTC/CKB ecosystems, we will airdrop 30% of $STB to users.

Details to be updated: Please follow the official Stable++ Twitter https://x.com/stablepp for updates.

Phase 4: Airdrop 40% $STB to Stable++ ecosystem

Through liquidity incentives in the Stable++ ecosystem, we will airdrop 40% of $STB to users.

Details to be updated: Please follow the official Stable++ Twitter https://x.com/stablepp for updates.

Phase 5: Team Allocation Release

10% of the team’s tokens will be released.

Details to be updated: Please follow the official Stable++ Twitter https://x.com/stablepp for updates.

Ps:

Future IBO projects will include a “community fundraising” phase, where the raised funds will automatically create LP on UTXOSwap and be locked for one year. This model is also the first of its kind in the Bitcoin ecosystem.

X :Seal@btckbseal https://x.com/btckbseal

@CKBEcoFund https://twitter.com/CKBEcoFund

Seal Community:https://t.me/sealrgbpp

CKB Community: https://t.me/ckb_community

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