Home All Events - Ape O'Clock El Dorado Exchange Liquidity Launch

Dec 10 2022

Expired!

8:00 am

Active

Liquidity Provision Audited or Reviewed - Yes

El Dorado Exchange Liquidity Launch

Name: El Dorado Exchange Liquidity Launch
Start: 2022-12-10
End: 2022-12-10
Location: BSC

December 11 update – here is the chart / contract.

Token launch for a perpetual exchange on BSC.

No contract available at time of review.

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
- Taxes: 0%
- App is live on testnet

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

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