YieldBricks TGE update: Strategic steps for a stronger launch

YieldBricks is here for the long haul, and we always prioritize what’s best for our community, investors, and the long-term success of our platform. After careful evaluation with our partners, we’ve made the decision to temporarily delay our TGE. Despite our full commitment to the initial timeline, we had to evaluate the risks of moving forward under current conditions.

We spent the last few days reassessing the situation from all angles to avoid regrettable decisions. This was possibly the most challenging decision ever, but it opened up exciting opportunities to enhance the launch and ensure a better outcome for everyone involved.

New opportunities

By pushing the TGE back slightly, we are allowing for the market correction approaching the US elections and creating room for growth in other areas:

• Tier-1 CEX listing: We’re securing a top-tier listing on a major exchange that will boost visibility and liquidity. While the negotiations have been 90% completed, we will require 1–2 additional weeks to finalize the listing terms.
• More launchpads: We’ll be working with additional launchpads for both private and public rounds. Nine launchpads have already been confirmed for the new date, giving us a great position to pick only the best.
• New KOL campaign: With the extra time, we’ve onboarded a powerful Key Opinion Leader (KOL) partner, bringing at least 50 Tier-1 influencers to amplify our reach.
• Enhanced liquidity pools: The additional time gives us a chance to refine and expand our liquidity pools, improving scalability and performance post-launch. Additionally, we have a lucrative opportunity to utilize liquidity pools before the launch, boosting the scalability of our vaults.
• Pre-sales: We’re attracting numerous DeFi investment groups and communities to join presales. With newly secured funding and boosted liquidity, we will consider additional listings.
• Product updates: Our product will launch early, onboarding users before the TGE even takes place. This ensures we’re ready to hit the ground running.
• New opportunities for in-person and digital promotions: A major Web3 conference is taking place on October 22–23, 2024, allowing for massive exposure. Additional marketing strategies, such as targeted ads, will be implemented on time.
• Extra bonuses for pre-sale participants: Presale participants would enjoy bonus tokens as a reward for the extended timeline.

Why the delay?

We identified key risks associated with proceeding too quickly in the current market.

• Limited liquidity, which could force us to downgrade our listing plan, not only dropping an additional Tier 1 CEX listing opportunity.
• Insufficient time for marketing and private funding, could result in much weaker results
• Key features, like liquidity pools, wouldn’t be fully ready at launch.
• Missing out on onboarding influential communities and partners.
• Extending the direct private round could drain post-launch buying pressure.
• A market downturn could also negatively impact the token’s launch.

Launching under these conditions could hinder the progress we’ve made and delay the long-term success of YieldBricks.

Updated timeline

After discussions with our investors and partners, we’ve locked in the following timeline for YieldBricks’ TGE and related events:

• October 15th: Community AMA to share TGE details and answer questions
• October 16th: Massive KOL/marketing campaign initiated
• October 15th-20th: Live Private Rounds on Fjord (Fixed Price Model) & Spores Network
• October 21st-23rd: Blockchain Life Dubai — Keynote & Promotion
• October 23rd: Full listing(s) details revealed
• October 24th-28th: IDO stage with launchpads: Poolz Finance, BullPerks & Kommunitas
• October 29th: DEX & CEX listings initiated.

Final thoughts

While the original TGE date was eagerly awaited, this delay allows us to launch on a stronger foundation. With refined strategies, key partnerships, and top-tier exchanges, YieldBricks is now better-positioned than ever for long-term success.

We appreciate your continued support and patience as we finalize the details. Stay tuned for more updates, and get ready for an exciting launch!

The YieldBricks Team