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Home All Events Arco Protocol Presale

Date

Oct 29 2022
Expired!

TimePacific Time

5:00 am

Your Time

  • Timezone: America/New_York
  • Date: Oct 29 2022
  • Time: 8:00 am

Status

Abandoned

Arco Protocol Presale

December 14 update – the Discord, website and docs were deleted. The Twitter is still up, but it hasn’t been updated since October 29.

October 30 update – The IDO site is down, they’ve put a Netlify site up, but all Discord channels are closed. People are complaining on Twitter that this is a rug, but we don’t have proof at this time. Proceed with caution.

Token presale for a cross-chain lending & staking protocol on Aptos and Sui.

DETAILS
  • Presale Details
    • IDO will be held on their IDO platform, here, and will last for 48 hours or until sold out
    • IDO price: 0.05 APT – 0.1 APT
      • price starts at 0.05 APT and increases by 0.00208 APT per hour until the sale price reaches 0.1 APT – earlier buyers will receive a lower price than later buyers
      • Vesting: 100% at TGE
    • Listing price: 0.1 APT
    • Token hard cap: 10,000,000 APT
    • No minimum or maximum contribution
    • Initial circulating market cap: unknown
    • Taxes: 0%
    • IDO participants will receive a free “ARCO PASS” which grants holders access to upcoming mint events for NFT projects on Aptos (5,000 total supply of ARCO PASS, to be minted on Topaz)
    • The dApp is currently available on testnet
    • Token is scheduled to be listed on Liquidswap and AnimeSwap on Oct. 31
    • Mainnet launch is scheduled for Nov. 3
  • Features
    • Lending and borrowing – lenders can lend many different types of assets to earn interest; interest comes from organic borrowers as well as leveraged yield farmers who borrow assets to increase their farming positions
    • Leveraged mining – boost interest APY by increasing exposure through leverage. This is done by using your base assets as collateral to borrow more assets and using those assets to mine as well
    • Open governance – participate in DAO governance initiatives
    • Yield farming – stake LP tokens in farms to earn ARC rewards
    • Algo-Stablecoin (USDO) – a scalable, yield-bearing stablecoin pegged to US Dollar and backed by the ARCO treasury. Users or borrowers will be able to mint $USDO on the ARCO protocol by depositing a collateral
    • Partnered with Wormhole, HoustonSwap, Aptos Passposts, OT(1kx.exchange)
  • Tokenomics
    • Token symbol: $ARC
    • Total supply: 100,000,000
      • 10% — IDO
      • 15% — Investors & advisors
      • 45% — Loan mining
      • 30% — Yield farming
      • 5% — Operating funds
      • 3% — Development
      • 2% — Airdrop
      • ❌ No information available on the token vesting schedule, if any
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