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Home All Events - Ape O'Clock MMFinance’s Savana Public Sale


Feb 10 2022

TimePacific Time

8:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Feb 10 2022
  • Time: 11:00 pm



MMFinance’s Savana Public Sale

Savanna Finance is am OHM-TOMB fork on Cronos by the MMFinance team, that will accumulate MMF voting rights.

  • Docs aren’t up yet for this protocol, refer to the Medium post for info
  • SVN public sale will take place here, and will run for 24 hours or until the hardcap is reached
  • You will need MMF tokens in order to participate in the public sale
  • 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 burned
    • 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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