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Home All Events MMFinance’s Savana Liquidity & Genesis Pools Launch

Date

Feb 11 2022
Expired!

TimePacific Time

8:30 pm

Your Time

  • Timezone: America/New_York
  • Date: Feb 11 2022
  • Time: 11:30 pm

Status

Active

MMFinance’s Savana Liquidity & Genesis Pools Launch

New Hybrid OHM-TOMB fork on Cronos by the MMFinance team, that will accumulate MMF voting rights.

DETAILS
  • Docs aren’t up yet for this protocol, refer to the Medium post for info
  • Genesis pools will run for 48 hours
  • Public sale price: 1 MMF / SVN
  • Hardcap for public sale: 1,500,000 SVN
  • Follows overflow method
  • 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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