Understanding the $RUG Token Allowlist Process

If you're among the exclusive 69 wallet addresses on the $RUG token allowlist, congratulations! You have a unique opportunity to be among the first to purchase one of the 690 $RUG tokens via overHere protocol. However, it's essential to understand the specifics of this process to ensure a smooth experience. Here’s everything you need to know:

Exclusive Early Access

• Early Entry: The allowlist exclusive access period begins one hour before public access (Thursday December 21st 1:00PM UTC | 2:00PM CET | 9:00PM HKT). This exclusive window is only available to those on the allowlist.

• Uniform Access: All 69 allowlisted wallets gain access to purchase at the same time. This ensures a level playing field for all 69 allowlist participants.

• Website: $RUG can ONLY be purchased at - https://overhere.gg/ftx-rug

Purchase Guidelines

• Single Token Purchase: Each allowlisted address can buy exactly one $RUG token. It's a strict one-token-per-address rule to ensure fair distribution among participants.

• Whole Token Transactions: During this period fractional purchases of $RUG are not permitted. Transactions must be for one whole $RUG token.

• Restrictions: During the exclusive allowlist access period, the only action you can take is to purchase your one $RUG token. Selling or redeeming $RUG tokens is not possible at this stage.

• Purchase Cap: If you attempt to buy more than one token, the transaction will automatically adjust to the allowed limit of a single $RUG token.

$RUG Token Transferability

• Non-Transferable: $RUG tokens are uniquely tethered to the overHere protocol. This means they cannot be transferred or withdrawn to other addresses; they can only be bought, sold, or redeemed via overHere protocol.

Pricing Details

• Initial Token Price: The first $RUG token (1/690) is priced at 0.069 ETH (excl. gas + transaction fees).

• Dynamic Pricing Mechanism: Unlike fixed-price mints common in NFT sales, the $RUG tokens are distributed via a bonding curve, where each token is dynamically priced. As more tokens are purchased, the price for each subsequent token will rise according to the bonding curve algorithm. This unique mechanism reflects the changing value of the tokens based on demand and total supply in circulation at any given time.

Key Times

• Allowlist Launch: Thursday December 21st 1:00PM UTC | 2:00PM CET | 9:00PM HKT

• Public Launch: Thursday December 21st 2:00PM UTC | 3:00PM CET | 10:00PM HKT

For confirmation of allowlisted addresses, please refer to our Discord channel at https://discord.gg/overHere under the “allowlist-addresses” channel.