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Home All Events FrontlineDAO x MM Finance Presale & Liquidity Launch

Date

Aug 24 2022
Expired!

TimePacific Time

9:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Aug 25 2022
  • Time: 12:00 am

Status

ActiveDelayed

FrontlineDAO x MM Finance Presale & Liquidity Launch

August 25 – the launch was cancelled, their site went down (the presale wasn’t even on their site, it was on MMF) and they say there were technical problems. No new date/time announced.

FrontlineDAO is a fractional-algorithmic synthetic token pegged to the value of 1 MMF and a launchpad platform on Polygon, from the Sahara DAO team.

MM Finance will be partnering with FrontlineDAO as their official secondary launchpad on Polygon.

DETAILS
  • Presale Details
    • Presale will take place on MMF launchpad, here, and will last for 4 hours
    • Commit MMF / MMO LP tokens to receive $LOVE tokens
    • Presale price: $2 / $LOVE
    • Listing price: Unknown
    • Presale allocation: 250,000 $LOVE
    • Presale uses Overflow method — users can commit any amount, and if presale is oversubscribed, their final allocation is proportional to their share of the total contributions and any excess MMF tokens is refunded
    • Presale fund allocation;
      • 100% of MMO — Burnt
      • 50% of MMF — Initial $LOVE / MMF liquidity (vested and unlocks on day 30, day 60)
      • 50% of MMF — FrontlineDAO team
    • No vesting — 100% of presale tokens unlocked at token launch
  • Launch Details
    • Token will launch on MM Finance DEX, here
    • Liquidity will be added immediately after presale ends
  • Tokenomics
    • $LOVE is the governance and utility token
    • Total supply: 10,000,000 $LOVE
      • 76.475% — Liquidity mining (vested rewards)
      • 8% — Frontline DAO (3 year vesting)
      • 8% — Team (3 year vesting)
      • 4% —Treasury fund (2 year vesting)
      • 3.525% — Launchpad (pre-minted for public sale, initial liquidity and MMF staking)
    • 0% Buy and Sell tax
  • Mechanics & Features
    • Fractional collateralization mechanism is used to mint and redeem synthetic tokens (a tokenized derivative that mirrors the value of the underlying asset)
    • Initial synthetic tokens (“synths”) will be;
      • MMFX — fractional-algorithmic synth pegged 1:1 to MMF token
      • MATICX — fractional-algorithmic synth pegged 1:1 MATIC token
    • Synthetic tokens can be used to participate in liquidity mining to farm $LOVE rewards
    • Price stability is maintained through the minting and redeeming mechanics
      • If over peg, mint the synth at a 1:1 ratio and then sell on the open market
      • If under peg, buy synth from the open market and redeem at a 1:1 ratio
    • Minting and redeeming synths on the platform incurs a 0.5% and 1% fee respectively
    • $LOVE stakers receive minting & redeeming fees and also the 50% penalty fee charged to farmers that claim rewards early
    • $LOVE can also be used to participate in liquidity mining to farm $LOVE rewards
  • Roadmap includes launch of new synthetic tokens, auto-compounding vaults, launchpad and NFT staking

Whitepaper

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