MMFinance’s Savana Full Protocol Launch
New Hybrid OHM-TOMB fork on Cronos by the MMFinance team, that will accumulate MMF voting rights.
DETAILS
- Protocol will start as a DAO, accumulate MMF tokens to lock for veMMF
- SVN is the algo-stable, pegged to the price of MMF
- MSHARE is the shares token
- MBOND is the bonding token
- Public sale funds will be used as follows:
- 40% MMF will be burnt
- 40% MMF to initial liquidity (locked in DAO treasury)
- 20% MMF as Reserves
- For the first month, MMF team will be using the treasury funds to support the price of SVN to stay above peg
- SVN tokens will eventually be used for MMFinance Launchpads
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