Hexagon Finance Liquidity & Mainnet Launch

May 16 update – they didn’t launch due to “market events,” and no new date & time were announced.

May 16 – no updates. Not sure if this is still on schedule for May 16.

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

This time is a placeholder, they have not announced what time on May 16 they will go live.

DETAILS

• LBE was held on Copper Platform and lasted for 3 days
• 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
• LBE 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 (we assume this has changed, but no official announcement has been made by the team)
• 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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