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Feb 09 2022

TimePacific Time

3:00 am

Your Time

  • Timezone: America/New_York
  • Date: Feb 09 2022
  • Time: 6:00 am



Draco Finance Genesis Pools

Tomb fork on FTM.

No contracts.

  • No docs – the team says they will provide docs, but launch is currently 4 hours away as I’m writing this and there are no docs
  • Genesis pools last 72 hours
  • The team will not be providing liquidity for the token(s), all liquidity will be provided by users during the genesis and farming stages
  • Genesis pools will use WFTM and USDC
  • The algo-stable will be pegged to FTM
  • There is no information on the supply of the shares token, epoch length, expansion rate, etc.
  • The homepage is a landing page saying “Coming Soon”
  • Several people have asked if there is a deposit fee for the Genesis pools and they were ignored
  • They claim they will have an audit after launch (audits after launch are not helpful, investors need to know before launch that the code is safe)
  • They have ignored questions about KYC
  • They say the team won’t own a “significant amount of tokens”
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