MMF’s Burrow Liquidity Launch
Hybrid CDP and fractional collaterised stablecoin platform launch on Cronos, by the MMF team.
Liquidity to be provided after the presale ends, as such, I have set this launch for the time that the presale ends.
- Will be held on MMF launchpad, here
- Max supply: 300,000,000 BURROW
- 78.33%: Global Farming Incentives
- 15%: Treasury (unlocked linearly)
- 1.67%: Initial Liquidity
- 5%: MMF launchpad
- Public sale price: $0.10 / BURROW (in SVN)
- This will use the overflow method, where contributors will get pro-rata allocation if the sale exceeds the hardcap
- BURROW will be a governance token for MMF Money
- MUSD fees from CDP on the MMF money platform will be distributed to BURROW holders
- Funds of the presale will be distributed as follows:
- 67% of SVN raised will be burnt
- 33% of SVN raised will be used to form initial liquidity