April Finance Boardroom Launch

April 20 update – site and socials deleted, liquidity drained.

Launch of new algorithmic stablecoin pegged to 100:1 to BNB on BSC.

DETAILS

• Launch Schedule
  • Genesis farms – April 20, 2pm UTC
  • LP Farms – April 20, 8pm UTC
  • Boardroom – April 23, 2pm UTC

• Boardroom
  • Stake $SPRING in the Boardroom to earn $ArbiTen rewards
  • 2% stake fee in Boardroom
  • No unstake fee during expansion; 2% fee during contraction
  • During expansion, newly minted $APRIL rewards will be distributed as follows:
    • 80% — Reward to Boardroom stakers
    • 15% — DAO fund
    • 5% — Dev fund
  • Boardroom only prints new $APRIL tokens when TWAP > 1.01
  • Epoch duration: 6 hours
  • Staked $SPRING is locked for 36 hours (6 epochs) and $APRIL rewards locked for 18 hours (3 epochs). Every deposit/claim/withdrawal resets the lockup timer

• Tokens
  • $APRIL is the algo-stable, pegged 100:1 to BNB
    • Initial supply: 21,000
      • 20,000 — Genesis
      • 1000 — Initial liquidity (APRIL/BNB)
  • $SPRING is the shares token
    • Total supply: 55,001
      • 50,000 — Farming rewards (vested linearly over 180 days – 277.77 SPRING/day)
      • 5,000 — Dev fund (vested linearly over 180 days – 27.77 SPRING/day)
      • 1 — Initial liquidity (SPRING/BNB)
  • BLOOM is the bond token