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Home All Events Hopium Financial Genesis Pools Launch

Date

Aug 13 2022
Expired!

TimePacific Time

8:00 am

Your Time

  • Timezone: America/New_York
  • Date: Aug 13 2022
  • Time: 11:00 am

Status

Abandoned

Hopium Financial Genesis Pools Launch

Aug 14 update – the site is still up but the Telegram has gone unmoderated and the Discord scrubbed of all channels and posts. $20 TVL. Looks like a fail fork.

New algorithmic stablecoin pegged to 1 FTM on Fantom.

❌ Docs say Genesis is starting on Aug. 13 at 4pm UTC. The countdown on the homepage has it starting on Aug. 13 at 11pm UTC. The contract is set to start on Aug. 13 at 3pm UTC. We have set this launch for 3pm UTC, because that is what’s in the contract.

DETAILS
  • Genesis Pools (“FVM”)
    • Duration: 2 days
    • 60,000 $HOPIUM rewards distributed across the following pools:
      • 35,000 — $HOPIUM / WFTM LP pool
      • 5,000 — WFTM pool
      • 5,000 — USDC pool
      • 5,000 — DAI pool
      • 5,000 — MIM pool
      • 5,000 — fUSDT pool
    • 2% deposit fee
    • No withdrawal fee
    • Operator cannot drain the pools at anytime genesis ends — “governanceRecoverUnsupported” function removed
  • Tokens
    • $HOPIUM is the algo-stable, pegged 1:1 to FTM
      • Initial supply: 62,001; allocated as follows:
        • 60,000 — Genesis pool
        • 2,000 — Held by contract creator for liquidity, marketing and giveaways
        • 1 — Pre-mint for initial liquidity
    • $CRONJE is the shares token
      • Total supply: 70,001; allocated as follows:
        • 59,500 — Farming rewards (vested linearly over 365 days)
        • 5,500 — Community fund (vested linearly over 365 days — 15 $CONJE /day)
        • 5,000 — Dev fund (vested linearly over 365 days — 13.7 $CRONJE /day)
        • 1 — Pre-mint for initial liquidity
    • $BEAR is the bond token
  • Ownership renounced for HOPIUMGenesisPool [tx], $HOPIUM [tx], $CRONJE [tx], $BEAR [tx]
  • Operator transferred to Treasury for $HOPIUM [tx], $CRONJE [tx], $BEAR [tx], CRONGERewardPool [tx], Boardroom [tx] contracts
  • Roadmap includes launch of Rebates, Nodes and Slow Sale features
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