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Home All Events - Ape O'Clock Hexagon Finance LBP Sale


May 09 2022

TimePacific Time

8:00 am

Your Time

  • Timezone: America/New_York
  • Date: May 09 2022
  • Time: 11:00 am



Hexagon Finance LBP Sale

New AMM (Balancer fork) launch on Avalanche backed by Terra & Balancer.

  • Will be held on Copper Platform and will last for 3 days
  • It will apply the LBP (Liquidity Bootstrapping Pools) model for the FLAKE token launch
  • Max supply: 100,000,000 FLAKE
    • 5,000,000 FLAKE for the Copper Launch
    • 65,000,000 FLAKE to mining emissions
    • 12,000,000 FLAKE to treasury
    • 12,000,000 for partnerships
    • 6,000,000 to the team
  • Starting price will be 0.8 USDC / FLAKE, going as low as 0.2 USDC / FLAKE
  • No min contribution per wallet
  • The initial pools will center on the UST stablecoin
  • VeFLAKE is the staking option that rewards long-term FLAKE stakers
    • Distribution of protocol fees
    • Participation in the protocol governance
    • Boosted rewards in the FLAKE mining pools
  • There will be a transfer fee, no info on how much
  • Roadmap includes lending platform development
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