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Home All Events AVAX Land’s USDC Land Launch

Date

Jul 16 2022
Expired!

TimePacific Time

5:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jul 16 2022
  • Time: 8:00 am

Status

Active

AVAX Land’s USDC Land Launch

July 19 update – launched today.

July 17 update – it didn’t launch, the team gave no explanation why. They say, “We have changed the time,” but have not provided a new date and time for launch.

Avax Land previously forked Avarice, and are now forking Avarice’s BUSD protocol, but with USDC.e on Avalanche.

At the time this post is being published, the countdown on the site is incorrect. The launch is July 16 at 12pm UTC, the time this launch is set for.

DETAILS
  • Follows a daily auction system (if you have participated in HEX or T2X, you’re familiar with this model):
    • 93% of the USDC.e contributed in the auction will be pooled and rewarded to USEED stakers via the dividend pool
    • 6% for development costs and marketing
    • 1% for adding liquidity to LAND token
  • 20% of the contributions for auction Day 1 will be airdropped to “OG” Avax Land investors (those who invested 1 AVAX or more in Avax Land)
  • 72.5% of the first day auction contributions will be returned to investors via the contract on Day 2 and 3
  • On day 1 the auction lobby will have 3,000,000 USEED available for purchase by contributing USDC.e
  • Every day the amount of USEED in the auction pool increased by 2%
  • Auction lobby is the main way users can acquire USEED
  • Pool taxes:
    • 2% to marketing
    • 1% to LAND LPs
    • 0.5% to FOMO Jackpot
  • Stake USEED, earn interest in USEED along with your share of the USDC dividends from the daily auction lobby
  • Max stake is 300 days
  • Active stakes can be sold to other users via their native marketplace (10% fee to the seller), the buyer receives all USEED interest, USDC dividends, and once the stake ends the buyer can claim the originally deposited USEED
    • 8% of the fee to sell a stake is used for buyback via the lobby
    • ❌ There is no information on where the remaining 2% goes
  • Up to 25% daily rewards
  • The longer the stake, the more interest you earn
  • 5% referral commission, and the person who was referred gets a 1% bonus on tokens they receive via that day’s auction

Blockchain

AVAX

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