According to Foresight News, Starknet ecosystem decentralized exchange (DEX) SithSwap has announced the launch of its SITH token, with a public sale scheduled for March 27 to April 4. A total of 15 million SITH tokens, representing 15% of the total token supply, will be available for sale.
The initial fixed price for each SITH token is set at 0.15 STRK. If the amount of STRK raised is less than 2.25 million, the remaining SITH tokens will be destroyed to maintain the established base price of 0.15 STRK/SITH. If the amount of STRK raised exceeds 2.25 million, the sale will automatically enter a price discovery phase, where the price of SITH will increase with each new purchase. Participants will receive SITH tokens at the final price, regardless of when they join the sale.