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Home All Events Hopium Financial LP Farms & Boardroom Launch

Date

Aug 15 2022
Expired!

TimePacific Time

8:00 am

Your Time

  • Timezone: America/New_York
  • Date: Aug 15 2022
  • Time: 11:00 am

Status

Abandoned

Hopium Financial LP Farms & Boardroom 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 the farms and boardroom are starting on Aug. 15 at 4pm UTC. The countdown on the homepage has the farms starting on Aug. 15 at 11pm UTC. The countdown for the boardroom has the boardroom starting on Aug. 13 at 3pm UTC. The farm contracts are set to start on Aug. 15 at 3pm UTC. The boardroom contract is set to begin on Aug. 13 at 3pm UTC. We have set this launch for Aug. 15 at 4pm UTC, but it’s a mess and we don’t actually know which of the many dates and times it’s actually starting on.

DETAILS
  • LP Farms (“FVM”)
    • Duration: 365 days
    • End Time: August 20, 2023 3:00 PM UTC
    • Stake LP tokens in the LP farms to earn $CRONJE rewards
    • 59,500 $CRONJE rewards distributed across the following pools:
      • 35,500 — $HOPIUM / WFTM LP pool
      • 24,000 — $CRONJE / WFTM LP pool
    • No deposit or withdrawal fee
    • Operator can drain the pools 90 days after farms ends
  • Boardroom (“WAGMI”)
    • Stake $CRONJE in the boardroom to earn $HOPIUM rewards
    • During expansion, newly minted $HOPIUM rewards are distributed as follows;
      • 80% — Reward for boardroom stakers
      • 18% — DAO fund
      • 2% — Dev fund
    • Epoch time: 6 hours
    • Staked $CRONJE locked for 6 epochs
    • $HOPIUM rewards locked for 3 epochs
  • 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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