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Home All Events MMF’s Burrow Public Sale


Apr 27 2022

TimePacific Time

11:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Apr 28 2022
  • Time: 2:00 am



MMF’s Burrow Public Sale

Hybrid CDP and fractional collaterised stablecoin platform launch on Cronos, by the MMF team.

  • 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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