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Home All Events - Ape O'Clock MagicFox Liquidity & Dex Launch

Date

May 31 2023
Expired!

TimeUTC

11:45 pm

Your Time

  • Timezone: America/New_York
  • Date: May 31 2023
  • Time: 7:45 pm

Status

Active

MagicFox Liquidity & Dex Launch

May 31 update – they ended up launching on May 31 instead of June 1.

Liquidity and dex launch for a multichain ve(3,3) DEX and yield optimizer protocol on BSC, Arbitrum & Polygon.

The team has not announced a time for the launch, only that it is on June 1. This time is a placeholder.

DETAILS
  • Presale Details
    • Presale was held on MagicFox
    • Duration: 7 day(s)
    • Sale format: Fair launch – no hardcap
    • Presale/listing rate: to be determined at end of presale
    • Soft cap: $100,000
    • No minimum or maximum contribution
    • Contributors receive dual tokens – $FOX and $SHROOM
      • 30% in $FOX and 30% in $SHROOM
      • 20% in $veFOXand 20% in $veSHROOM (locked for 1 year)
    • Presale vesting: 100% at launch
    • Initial circulating market cap: to be determined at end of presale
    • Early contributors will be eligible for a bonus $FOX & $SHROOM airdrop
    • Refer users and earn 3% of their contribution in $USDC
    • Presale funds allocation
      • 20% for initial liquidity
      • 40% to development
      • 20% to marketing
      • 20% to cross-chain growth
    • Taxes: 0%
  • Mechanics & Features
    • DEX that combines the concepts of vote-escrow (Solidly) + rebase (3,3)
    • Other features include; yield optimizer (auto-compounder), B2B services such as; launchpad, token generator, token & liquidity locker, token multisender, OTC desk
    • 0.03% swap fee on stable pools; 0.25% on bluechip pools, 1% on community exotic pools
    • Multi-reward and vote-escrowed token system;
      • $FOX and $SHROOM are the reward tokens
      • $veFOX and $veSHROOM are the governance vote-escrowed token
    • Liquidity providers receive $FOX emission rewards
    • $FOX and $SHROOM can be locked for up to 2 years, to receive $veFOX and $veSHROOM respectively
    • $veFOX and $veSHROOM holders can vote weekly to decide which farms or vaults receive $FOX and $SHROOMS emissions respectively, the next week
    • $veFOX and $veSHROOM holders receive bribes, rebases (bonus $FOX/$SHROOM), governance power, and a share of platform fees, boosted farm yield
    • Initial weekly emissions begin at 151,100 $FOX and 842,837 $SHROOM and decreases by 1% weekly
  • Tokenomics
    • Token symbol: FOX and SHROOM
    • Initial supply: unknown
      • 18% — Presale (100% TGE)
      • 4% — Liquidity
      • 18% — Ecosystem (distributed as veFOX & veSHROOM)
      • 5% — Marketing
      • 18% — Team
      • 25% — Partner airdrop (distributed as veFOX & veSHROOM)
      • 12% — Airdrop for users (distributed as veFOX & veSHROOM)

Blockchain

BSC