MMF’s Burrow Public Sale
Hybrid CDP and fractional collaterised stablecoin platform launch on Cronos, by the MMF team.
DETAILS
- Will be held on MMF launchpad, here and will last 24 hours
- 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
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