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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