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
- Genesis pools will run for 24 epochs (8 days); where $10MB rewards will be distributed across the following pools;
- 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
- Stake LP tokens in the farm to earn $10SHARE rewards. Available pools will be;
- 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
Related Posts
- Twitter: https://twitter.com/PolyWantsAFarm
- Discord: https://discord.gg/raxn6h9vy5
- Telegram: https://t.me/PolyWantsACracker_Farm
- Type of Audit, Review or KYC: Assure Defi - KYC
- Chart: https://dexscreener.com/cronos/0x02A8Dc66334B1cc6CD8F28Fe8DBF6b58B49b47B6
- Chart: https://dexscreener.com/cronos/0xD8d40DcEE0C2B486EEBd1FEDb3F507B011De7Ff0
- Contract: https://docs.10mb.finance/reference/contracts
- Audit / Review: https://etherauthority.io/10mb-finance-smart-contract-audit/
- KYC: https://www.assuredefi.io/projects/10mb-finance/