Dictum Exchange Liquidity & Protocol Launch

December 30 update – site and socials are gone, users report it rugged.

Token and protocol launch for a DEX with vote-escrowed -ve(3,3) mechanics on Arbitrum.

The exact time for the launch has not announced, only that it is on December 30.

❌ No contracts available at time of review.

DETAILS

• Launch Details
  • Token will be listed on Dictum DEX
  • Token pair: DIC/USDC
  • Listing price: $0.04
  • Fair launch; no presale / private sale / VC
  • Initial market cap: unknown
  • Initial liquidity: $40,000
  • Tax: 0%
  • LP yield farming and emissions is scheduled to begin at launch
  • Yield Farmer Competition with 500,000 $DIC in prizes will begin at launch, and will last until January 5, 2023

• Mechanics & Features
  • Dictum Exchange is a DEX that combines vote-escrow (Curve) + (3,3) game theory (Olympus DAO)
  • Liquidity providers receive $DIC emissions, which can be locked to get $veDIC – $veDIC is Dictum’s primary governance and rewards token
  • $veDIC holders receive protocol fees, bribes, rebases, and governance power
  • $veDIC holders can vote weekly to decide which LPs receive $DIC emissions the next week – weekly emissions start at 2,000,000 $DIC (4% of the initial supply) and decay at 3% per week (epoch)
  • Votes gets locked (as veNFT) for a 1 week period
  • $veDIC holders receive trading fees and bribes for the LPs they vote for – the pools with higher votes receive more $DIC emissions
  • $DIC emissions will be distributed as follows;
    • 75% to Liquidity Providers
    • 20% to $veDIC lockers
    • 5% to team
  • $veDIC holders that also provide liquidity are eligible for boosted DIC emissions – up to 2.5x boost

• Tokenomics
  • Token symbol: VIC
  • Initial supply: 50,000,000
    • 77% — Community
    • 15% — Protocols and DAOs
    • 1% — Protocol-owned Liquidity
    • 1% — Yield Farmer Competition Winners
    • 1% — Shillers Competition winners
    • 5% — Ecosystem & Treasury