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Home All Events Bullet Finance Boardroom Launch

Date

Oct 12 2022
Expired!

TimePacific Time

5:00 am

Your Time

  • Timezone: America/New_York
  • Date: Oct 12 2022
  • Time: 8:00 am

Status

Rugged

Bullet Finance Boardroom Launch

October 10 update – the site is down, and the team hasn’t been heard from in several hours. No liquidity.

New algorithmic stablecoin pegged 1:1 to USDC on Avalanche.

DETAILS
  • Boardroom
    • Stake GUN in the Boardroom to earn BULLET
    • During expansion, newly minted BULLET rewards are distributed as follows;;
      • 50% — Reward for Boardroom stakers
      • 25% — DAO fund
      • 25% — Dev fund
    • Boardroom only prints when TWAP < 1.01
    • Epoch duration: 12 hours
    • Staked GUN locked for 2 epochs and BULLET rewards locked for 1 epoch (every deposit/claim/withdrawal resets the timer)
  • Tokens
    • $BULLET is the algo-stable token, pegged 1:1 to USDC
      • Initial supply: 16,500
        • 15,000 — Genesis farming rewards
        • 1,500 — Pre-mint for initial liquidity
    • $GUN is the shares token
      • Total supply: 50,003
        • 30,000 — Farming rewards (vested linearly over 100 days)
        • 15,000 — DAO fund (vested linearly over 30 days – 500 GUN/day )
        • 5,000 — Dev fund (vested linearly over 30 days – 166.67 GUN/day )
        • 3 — Pre-mint for initial liquidity
    • $GRENADE is the bond token
    • Ownership renounced for BULLET [tx] contract

Blockchain

AVAX

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