The Greenhouse update and next steps
The Presale
First of all we’d like to thank our Telegram community and Medium readers for the support and interest in the project. The amount of the Whitelist entries absolutely exceeded our expectations.
The whitelisted addresses are now available here.
The Presale contract will be opened on
Thr 13.05 at 23:59PM EST — Thr 13.05 at 08:59PM PDT — Fri 14.05 at 05:59 AM CET
You can view the live countdown here.
Our Presale Contract address: 0xcBDd6D6c64B87326022A3b70c9445063FE6497e4
Our SEED Token contract address: 0x12e62ceca188e4bc266d3844781c619638eccf29
At the time of writing this article our Presale contract is verified, while our contract is in the process of verification.
If like many other users you recently encountered issues with Metamask you can enter the Presale through our Emergency App: https://presale.thegreenhouse.finance/
Everyone who’s whitelisted will have 10 hours from the start of the Presale to send his/hers funds to the Presale contract address. The maximum allocation per person is 1000 FTM.
A wallet address which wasn't whitelisted won't be able to interact with the presale contract and will get rejected. Funds will be sent back to the originator and the owner will pay the gas fees.
If the funds are going to be sent from a whitelisted address our tokens are going to be transferred to the sender’s wallet immediately. The presale price is 5 FTM/token so if you send 1000 FTM you’ll receive 200 Greenhouse tokens.
Remember to set the Gas Limit to at least 200,000.
If you don’t know how to set up a Metamask wallet and interact with a smart contract you’ll find a step by step tutorial at the end of this article.
What if you didn’t make it to the Whitelist?
Not to worry. If the hardcap won’t be reached at the end of the closed Presale, which most likely will be the case, the public Presale will commence. At that time everyone will be able to participate in the Presale (no wallet address will be rejected) until the hardcap is reached or after 2 hours (whichever happens first). During the public Presale the maximum allocation will remain at 1000 FTM per wallet.
IMPORTANT: Purchased tokens cannot be traded or transferred until the full Presale has concluded.
What’s next?
When the Presale phase fully ends we will enable token trading, fill the liquidity pools and open the farms shortly after. An exact timeline will be disclosed on Friday in our Telegram group.
Once the farm launches, the holders will be able to stake the token in LP pools including FTM and USDC pools against our token. These two pools will provide disproportionately higher rewards than other pools in order to build liquidity on our own token. An illiquid token pair is prone to be exposed to high amounts of slippage and price swings, which is something we want to avoid at all cost.
Why should you buy The Greenhouse token?
At the early stages of the farm, staking our token is going to be extremely rewarding. As the liquidity grows, the anti-whale system, implemented fees (for details, see our article on tokenomics) and harvest lockup will all help keeping the price steady and building a healthy value despite unlimited supply.
Once we make sure that everything runs smoothly and users are content with the farm over time we are planning to expand our ecosystem with features such as lotteries, where The Greenhouse token is going to be used as currency. More detailed roadmap will be published as soon as we hit currently set milestones.
In the meantime we leave a little teaser: sneak peek of the harvest lock of the farm:
Important!
In the recent days some Metamask users reported an error while sending funds as shown below
If you encountered this issue there are three ways to solve it.
- Entering the Presale our Emergency App: https://presale.thegreenhouse.finance/
- Reinstallation of your Metamask wallet. Visit Metamask’s post on Twitter for more details.
- Removal of Currency symbol in Network settings described below:
Go to the Settings
Scroll down to “Networks”, find Fantom Opera and click on it.
In order to bypass the bug just leave the “Currency Symbol” blank in the network settings and then click “save”.
That should resolve the issue until the Metamask team takes care of it.
This concludes the update. If you know how Metamask works and how to interact with smart contracts you can finish reading here. We encourage all the DeFi newcomers to read till the end.
How to set up Metamask for the presale?
1. Install Metamask if you don’t have it yet https://metamask.io/
2. Create a new account or import an existing one. Tips are available in Metamask’s FAQs https://metamask.io/faqs.html
3. Add Fantom Opera blockchain by clicking on “Custom RPC” at the bottom of the Networks list:
4. Fill in the information about the new network and click “Save”:
Once you have Fantom Opera on your Network List it’s time to add a new token.
(note: you can still receive tokens even though you didn’t add it, it’s just not going to be visible for you until you do, so no need to panic if you skipped this step)
6. Click “Add Token” button
7. Fill in the fields according to our token information, which will be published when the presale begins.
(note: this is only an example data, the actual Token Contract Address, Token Symbol and Decimals will be different)
8. Click “Next” and then “Add token”. Now you have a new token on your assets list.
Now it’s time to buy the presale token.
9. Click on “Send”
10. Paste the Presale contract address.
(note: below it’s only an example address, actual Presale contract address will be different)
Remember that the maximum contribution per wallet for this Presale is set at 1000 FTM.
Make sure that the Gas Limit is no less than 200 000.
If, like us, you encountered a described issue with Metamask and you had to remove the FTM symbol from Network settings, your FTM will be displayed as ETH on your asset list.
11. Click on “next” and that’s it. In a few seconds your Greenhouse token balance will be updated.
If you have any other questions make sure you visit the Metamask website or ask us on our Telegram.
