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Home All Events Asgard Protocol Launch

Date

Jan 09 2022
Expired!

TimePacific Time

9:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jan 09 2022
  • Time: 12:00 pm

Status

Active

Asgard Protocol Launch

OHM fork on AVAX with a number of unique mechanics, described below.

DETAILS
  • To participate the Asgard ecosystem (they call it becoming a “citizen”), you must pay a 1000 MEAD (chart) tribute in Thor’s Tavern
  • The MEAD token has a 5% transfer tax and will be used in their roadmapped P2E MMO RPG game, Midgard
  • Citizens are ranked on favorable and unfavorable actions towards the protocol, for example, staking and minting increase your reputation (sending non-transferrable FVOR tokens to your wallet) while selling and causing a “significant price impact” decreases your reputation (sending non-transferrable WRTH tokens to your wallet)
  • Citizens receive different sell tax rates depending on their Tier
  • There is a 50% tax on all VOLT transfers between wallets (to prevent people from trying to game the Citizenship Tiers)
  • Mulspelheim will begin shortly after the protocol launch and will provide users the ability to sacrifice MEAD to improve their Citizen reputation
  • Midgard MMO RPG is roadmapped for Q2 2022, and only Tier 2 Citizens will be eligible to mint hero NFTs
  • Initial supply and price for VOLT have not been announced, it’s unclear if they will be providing initial liquidity or if the initial tokens and liquidity will come from bonding & staking and not from the team

Blockchain

AVAX

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