🍯Cauldron (Initial Offerings)

Augury Cauldron: A mechanism that allows us to bring new, exciting products to the chains which we support(for now on Polygon). The Augury Cauldron will offer a single location to learn about and explore new products on the blockchain. The Augury Cauldron benefits the Augury ecosystem by providing our users the ability to get in first on products before they hit other markets. For product teams, the Augury ecosystem provides liquidity pools and swaps which will help your project grow. Products launched from the Augury Cauldron receive support from Augury Finance so that product teams can focus on development while we handle creating liquidity exposure for your coin.

Our caldron will use the overflow method for raising funds for new projects. Most of you are familiar with this method from Pancakeswap, but if you are new, here's an excerpt from PancakeSwap:

What is the overflow method?

TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In the “Overflow” method, users can subscribe as much or as little as they want to buy, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

It's possible to receive no tokens at all: If you commit a very small amount of tokens compared to the total amount committed by the community, your contribution may be such a small part of the total that you may not qualify for even a small portion of the tokens sold.

In such a case, you will still be able to reclaim all the tokens you committed.