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Home All Events Esse Finance Boardroom Launch

Date

Jul 11 2022
Expired!

TimePacific Time

9:05 am

Your Time

  • Timezone: America/New_York
  • Date: Jul 11 2022
  • Time: 12:05 pm

Status

Active

Esse Finance Boardroom Launch

New Tomb fork on Fantom.

DETAILS
  • Boardroom
    • Stake $ESHARE in the boardroom to earn $ESSE rewards
    • During expansion, newly minted $ESSE rewards are distributed as follows;
      • 85% – Rewards for Boardroom stakers
      • 10% – DAO Fund
      • 5% – Dev Fund
    • Epoch time: 6 hours
    • Staked $ESHARE be locked for 4 epochs. Timer resets on every stake and rewards claim
    • $ESSE rewards will be locked for 2 epochs. Timer resets on every rewards claim and stake
  • Tokens
    • $ESSE is the algo-stable, pegged 1:1 to USDC
      • Initial supply: 27,501; allocated as follows:
        • 27,500 – Genesis Pool
        • 1 – Pre-minted for Initial Liquidity
    • $ESHARE is the shares token
      • Total supply: 100,001; allocated as follows:
        • 80,000 – Farming Rewards (vested linearly over 180 days)
        • 15,000 – Team Fund (vested linearly over 150 days; approx. 100 $ESHARE/day)
        • 5,000 – DAO Fund (vested linearly over 150 days; approx. 33.3 $ESHARE/day)
        • 1 – Pre-minted for Initial Liquidity
    • $EBOND is the bond token
  • ❌ Token ownerships not renounced (at time of review)
  • ❌ No contracts for the farms, boardroom or treasury (at the time of review)
  • Operator transferred to treasury for $ESSE contract; other contracts have not been transferred at time of review
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