Argo Protocol Public Sale

New liquid staking protocol launch on Cronos.

They have an on-going audit with Certik, I have linked it below.

No contracts.

DETAILS

• You can refer to the Medium article here
• Will be held on VVS launchpad, here and will last for 24 hours
• Max supply: 1,000,000,000 ARGO
  • 6% to public sale
  • 44% to incentive programs
  • 5% to community bounties
  • 5% to marketing / partnerships
  • 20% to treasury
  • 20% to the team, vested linearly over 24 months
• 60,000,000 ARGO for presale
  • 20% for Basic Sale ‘Gem Fair’ 
  • 80% for Unlimited Sale ‘Gem Warehouse’
• Basic sale will be only for those who have xVVS staked in their vaults
• Unlimited Sale will be open to the public
• Fee will be upto 1%, decreasing to 0.2%
• Presale rate: $0.05 / ARGO
• Hardcap: $3,000,000
• No max amount of contribution per wallet
• This will use the overflow method, where contributors will get pro-rata allocation if the sale exceeds the hardcap
• 0.3% unstaking fee
• 0.3% vault management fees
• There is a 28 day unstaking period for xARGO
• 25% of penalty fee – ARGO stakers will receive a pro-rata portion of penalty fees paid by xARGO instant unstakers
• 50% of Protocol Fees will go into Argo’s Treasury, while 50% will go towards xARGO stakers

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