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Home All Events CherryFTM LP Farms and Boardroom Launch

Date

Jul 07 2022
Expired!

TimePacific Time

6:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jul 07 2022
  • Time: 9:00 pm

Status

Active

CherryFTM LP Farms and Boardroom Launch

Tomb fork launch on Fantom.

It is by the same team who previously launched the Tomb fork and their algostable token dropped below peg.

Genesis Pools launch on July 8, time is TBA. (will be a stealth launch)

DETAILS
  • Stake cFTM-FTM LP; CHERRY-USDC LP; USDC & WFTM in the farms to earn CHERRY
  • 0.5% deposit fee for USDC & WFTM staking
  • Rewards will last for 360 days
  • Boardroom opens an hour after the LP Farms Launch
  • Stake CHERRY in the boardroom to earn more cFTM
  • ❌ No info on how cFTM will be distributed in the boardroom
  • 20% claim tax for rewards in the Boardroom
  • cFTM is the algo-stable, pegged to FTM
    • 15% of cFTM emissions minted to the DAO fund
    • 10% of cFTM emissions minted for the team
  • CHERRY is the shares token, with a total supply of 150,000
    • 112,500 CHERRY for farming rewards distributed over 12 months
    • 15,000 CHERRY for the team, vested linearly over 12 months
    • 7,500 CHERRY for the DAO, vested linearly over 12 months
    • 15,000 CHERRY for partner pools, vested linearly for 12 months
  • bFTM is the bonding token
  • Token ownership for cFTM & bFTM has been renounced

Blockchain

FTM

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