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Home All Events 10MB Protocol Launch

Date

Jul 01 2022
Expired!

TimePacific Time

1:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jul 01 2022
  • Time: 4:00 pm

Status

Active

10MB Protocol Launch

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

DETAILS
  • Genesis pools, LP farms and the boardroom all start at this time
  • Genesis Pools
    • Genesis pools will run for 24 epochs (8 days); where $10MB rewards will be distributed across the following pools;
      • 1,000 allocation points to USDC pool
      • 1,000 allocation points to MMF pool
      • 1,000 allocation points to wCRO pool
      • 1,000 allocation points to wETH pool
      • 1,000 allocation points to wBTC pool
      • 500 allocation points to wsMINO pool
    • 1.42% deposit fee
  • LP Farms
    • Stake LP tokens in the farm to earn $10SHARE rewards. Available pools will be;
      • 5,000 allocation points to $10MB-USDC LP pool
      • 3,500 allocation points to $10SHARE-USDC LP pool
      • Farming pool emission rate: 0.0011 $10SHARE/second (95/day, 34.6k/year), initially
      • $10SHARE rewards will last for 10 years
    • 0.42% deposit fee on native LP pools
  • Boardroom
    • Stake $10SHARE in the boardroom to earn $10MB
    • During expansion, newly minted $10MB is distributed as follows:
      • 55% Farming Rewards
      • 10% Dev Fund
      • 20% DAO Fund
      • 5% Insurance Fund
      • 10% Equity Fund
    • 2% tax on staking in the boardroom
    • 0% tax on unstaking during expansion and 2% during contraction
    • Staked $10SHARE will be locked for 6 epochs (2 days). Timer resets on every rewards claim and stake
    • $10MB rewards will be locked for 3 epochs (1 day). Timer resets on every rewards claim and stake
  • $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
    • 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
    • 15 Minotaur Money token swap
    • 15 SnowcatDAO token swap
  • $10BOND is the bond token
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