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Home All Events Camelot Presale

Date

Nov 29 2022
Expired!

TimeUTC

5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Nov 29 2022
  • Time: 12:00 pm

Status

Active

Camelot Presale

Token launch for a new DEX on Arbitrum.

DETAILS
    • Presale Details
      • Presale will be held on Camelot website, here and will last for 6 days
      • Dutch auction method – price starts at $20 and increases after the first $300,000 has been raised
      • Everyone will receive tokens at the same price, decided at the end of the auction
      • Swap currency: USDC
      • Starting price: $20
      • Starting market cap (fully diluted): $2,000,000
      • Token allocation: 15,000 (10% in GRAIL and 5% in xGRAIL – ratio of 2/3 GRAIL and 1/3 xGRAIL allocation
      • No soft cap or hard cap
      • No minimum or maximum buy
      • Vesting: 100% at TGE
      • Any unsold tokens will be burned
      • Holders of V1 token (lEXC) will be eligible for a 10% discount
      • User can share a referral link and claim after the launch 3% of all referred user’s auction deposits
      • Presale funds allocation;
        • 50% paired with 7.5% of GRAIL from POL for liquidity
        • 30% to xGRAIL dividends
        • 20% to team
      • Taxes: 0%
      • Token is scheduled to launch 24 hours after presale ends (Dec 6)
    • Mechanics & Features
      • Camelot is a DEX based on a dual AMM able to support both volatile (UniV2) and stable (Curve) swaps
      • Dual token system – native liquid GRAIL and escrowed version xGRAIL; a non-transferable governance token, both being used as farming rewards
      • Features include;
        • Dynamic directional swap fees – ability to set different fees depending on the direction of the swap
        • swap referrals – partner projects can add its referral address and receive a part of their pool’s swap fees
        • NFT staked positions (spNFT) – yield-bearing NFTs which can be staked in yield farms to earn GRAIL, or in fixed-duration Nitro pools to earn xGRAIL
        • Dividends & yield booster – stake xGRAIL and earn a share of protocol earnings; 0.5% unstake fee
        • governance – xGRAIL is the governance token, more xGRAIL held, more voting power
      • Protocol earning (fees) distributed as;
        • 60% for Liquidity Providers in LP tokens
        • 22.5% in dividends redistributed to xGRAIL holders
        • 12.5% for GRAIL buyback and burn
        • 5% to the Core Contributors funds
    • Tokenomics
      • Token symbol: GRAIL
      • Token supply: 100,000
        • 15% — Public sale (5% xGRAIL & 10% GRAIL)
        • 10% — Protocol Owned Liquidity (7.5% used for initial liquidity, pre-minted in a multisig)
        • 5% — Genesis Nitro Pools (distributed as xGRAIL – 6 months linearly vesting)
        • 22.5% — Liquidity Mining (3 years linear vesting)
        • 20% — Core Contributors (3 years linear vesting)
        • 10% — Partnerships (6 months cliff, then 2 years vesting)
        • 8% — Reserves (pre-minted in a multisig)
        • 5% — Ecosystem
        • 2.5% — Development Fund (3 years linear vesting)
        • 2% — Advisors (3 years linear vesting)

    Blockchain

    Arbitrum

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