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Home All Events El Dorado Exchange Liquidity Launch

Date

Dec 10 2022
Expired!

TimeUTC

8:00 am

Your Time

  • Timezone: America/New_York
  • Date: Dec 10 2022
  • Time: 3:00 am

Status

Active

El Dorado Exchange Liquidity Launch

December 11 update – here is the chart / contract.

Token launch for a perpetual exchange on BSC.

No contract available at time of review.

DETAILS
  • Launch Details
    • Token will be listed on PancakeSwap
    • Token pair: EDE/BNB
    • Listing price: $1.2
    • Presale price: $0.8
      • Vesting: presale buyers received presale tokens ($alphaEDE) which can only be staked for EDE; vested linearly over 180 days
      • $300,000 hard cap filled in presale held on their website
    • Initial circulating market cap (estimate): unknown
    • Initial liquidity: unknown
  • Mechanics & Features
    • El Dorado Exchange is a decentralized spot and perpetual social trading exchange
    • Supports long and short positions and margin trading with up to 50x leverage
    • Trading is supported by 3 multi-asset pools (ELP pools) that earn liquidity providers fees from market making, swap fees and leverage trading
    • ELP pools are an index of assets used for swaps and leverage trading; e.g. ELP-1 consists of WBNB, BTC, ETH, BUSD
      • users can buy ELP tokens and receive 60% of the platform fees in the form of $EUSD
      • ELP tokens can also be staked to receive $alphaEDE (vested $EDE) rewards
    • $EUSD is the algorithmic stablecoin, pegged to $1
      • $EUSD can only be minted by the protocol for the time being
      • 40% of the issued $EUSD will be distributed to $ELP holders, while 70% will be issued to $gEDE (staked EDE) holders
    • $EDE is the utility token
      • stake $EDE to receive governance token ($gEDE), as well as the $EUSD and $EDE rewards
      • users can stake $EDE for 7-day to 4 years – the longer the stake duration, the more rewards you receive
      • staked EDE ($gEDE) can only be unstaked after the staking duration ends
    • $gEDE is the governance token
      • $gEDE holders receive 40% of the platform fees, voting rights (1 gEDE = 1 vote)
    • $ESBT is the non-transferrable Soul Bound token (as conceptualized by Vitalik Buterin)
  • Tokenomics
    • Token symbol: EDE
    • Total supply: 30,300,000 
      • 1.24% — Presale/IDO
      • 7.5% — Strategic investment
      • 25.20% — EDE staking rewards
      • 16.80% — ELP staking rewards
      • 16.50% — Team
      • 15% — EDE bond reserve
      • 11% — ESBT farming
      • 2.76% — Liquidity
Links & Resources
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