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Home All Events Gold Standard DAO Liquidity Launch

Date

Jan 21 2023
Expired!

TimeUTC

12:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jan 21 2023
  • Time: 7:00 am

Status

Active

Gold Standard DAO Liquidity Launch

January 21 update – the team has still not announced a launch time, this time remains a placeholder.

Token launch for a deFi-as-a-service gold-backed protocol on Avalanche.

The launch time has not been anounnced, only that it is on January 21. This time is a placeholder.

No contracts available at time of review.

DETAILS
  • Launch Details
    • Token will be listed on TraderJoe
    • Token pair: GSD/USDC
    • Listing price: $50
    • IDO price: $40
    • Presale price: $60
    • IDO/Presale tokens will be locked until the Total Value Locked (TVL) is equal to the full amount of USDC ($400,000) raised during the token sales
    • Initial liquidity: $40,000
      • 400 $GSD paired with 20,000 USDC
    • Initial circulating market cap: $808,500
    • Initial total market cap: $1,650,000
    • Taxes: 0%
  • Mechanics & Features
    • Users deposit USDC and earn yield in digital gold (AUX)
    • Each AUX digital token will be backed by 1 milligram of reserved Gold Bullion
    • Deposited USDC will be used to generate yield by investing in yield aggregator protocols such as; Pangolin, Sushi & Beefy.finance
    • Yield can be harvested every 12 hours, and can be claimed at any time when there is a positive balance
    • There is no vesting period or limit on the amount of USDC that can be deposited
    • AUX can be exchanged for $GSD
    • $GSD is the governance token
    • Stake GSD tokens to earn a share of 5% of the protocol’s yield in AUX
    • Users can stake and unstake GSD at any; no vesting period
    • Other road-mapped utilities include; Gold backed NFTs (Q2/2023), self re-paying loans (Q3/2023)
  • Tokenomics
    • Token symbol: GSD
    • Total supply: 33,000
      • 19% — IDO/Presale (locked)
      • 51% — Locked (for management to scale the DAO)
      • 29% — Treasury
      • 5% — Team (6 months linear vesting)
Links & Resources
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