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Home All Events 10MB Liquidity Launch

Date

Jun 30 2022
Expired!

TimePacific Time

2:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jun 30 2022
  • Time: 5:00 pm

Status

Active

10MB Liquidity Launch

New Tomb + Iron Finance hybrid fork launch on Cronos from the Sugandese Tokens team that launched MiniPanther, SnowCatDAO, PolyWantACracker, Darkside Finance, etc.

DETAILS
  • $10MB and $10SHARE tokens will launch on MM Finance
  • Listing prices: 0.1 USDC / $10MB and 1000 USDC / $10SHARE
  • Users who participated in the presale can claim their tokens 1 hour after liquidity launches
  • Token presale hardcap: 600,000 USDC
    • Whitelist + Public Presale: 300,000 USDC
      • Price: 0.1 USDC
      • Max contribution: 2,000 USDC
    • Private Presale: 200,000 USDC
      • Price: 0.1 USDC
    • Seed: 100,000 USDC
  • Presale fund allocation:
    • 55% Liquidity and Redemption Treasury
    • 20% Team
    • 25% Infrastructure
  • $10MB is the algo-stable, pegged to 0.1 USDC
    • Peg will be maintained via a dual-peg mechanism – seigniorage (similar to Tomb) and fractional collateralization (similar to Frax and Iron Finance)
  • There will be a variable sell tax on $10MB, proportional to the TWAP (time-weighted average price) of $10MB; ranging from 0.2% – 20%
  • There will be a 0.4% tax on minting and redemption of $10MB
  • Initial supply: 6,600,000 $10MB
    • 1,500,000 Liquidity (paired with150,000 USDC, if presale hardcap reached)
    • 3,000,000 Public + Whitelist Presale
    • 2,000,000 Private Presale
    • 100,000 Incentives
  • $10SHARE is the shares token, with an initial supply of 80; distributed as follows:
    • 50 Liquidity (paired with 50,000 USDC, if presale hardcap reached)
    • 15 Minotaur Money token swap
    • 15 SnowcatDAO token swap
  • $10BOND is the bond token
Related Launches

Blockchain

Cronos

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