A liquidity bootstrapping pool (LBP) is a mechanism for discovering a fair, market-set price for a new token - while resisting snipers and bots. JIL.ai uses one on 2026-10-01, before the public sale.
Launching a token at a fixed price is a guessing game - set it too low and bots buy the whole supply in the first block; set it too high and nobody buys. A liquidity bootstrapping pool solves this by letting the market find the price over a short window, in a way that is deliberately hostile to front-runners. It is a fairer starting line.
An LBP is a special automated market maker pool with two features that ordinary pools lack:
The effect is that patient participants and aggressive bots face the same downward-drifting price, so there is little advantage to racing to the front. The price the pool settles on is a genuine, market-discovered number rather than a figure someone picked in advance.
A fixed-price launch rewards whoever can transact first - usually automated snipers with better infrastructure than a normal buyer. An LBP inverts that incentive. Starting high and drifting down means the earliest buyers pay the most, not the least, which removes the reason to snipe and gives a more honest read on price. It is one of the more level-headed ways to open price discovery.
JIL.ai runs its price discovery through an LBP on 2026-10-01. The design:
The LBP's job is narrow but important: set a fair, market-discovered reference price ahead of the public sale. It is not the sale itself.
Sequencing matters here. The LBP on 2026-10-01 discovers price. The public sale and secondary trading on ProofDEX open on 2026-11-01, subject to VARA authorization - with a 30-day post-purchase hold and a 10%-per-72-hours sell cap to protect the market. Before 2026-11-01 there is no listing and no trading. VARA framing is a design target, not an approval, and nothing here is investment advice. See the full sequence on the roadmap.
