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Home All Events Moneyrain mUSD Protocol Farms & Boardroom Launch

Date

Aug 06 2022
Expired!

TimePacific Time

7:00 am

Your Time

  • Timezone: America/New_York
  • Date: Aug 06 2022
  • Time: 10:00 am

Status

Active

Moneyrain mUSD Protocol Farms & Boardroom Launch

Tomb fork on BSC from the Waterfall / Moneyrain team, with an additional dividends token.

DETAILS
  • Stake in the farms for mSHARE rewards
    • mSHARE-BNB: 17,500 mSHARE
    • mUSD-BUSD: 17,500 mSHARE
    • mUSD: 9500 mSHARE
    • MONEYRAIN: mSHARE
  • Stake mSHARE in the boardroom for mUSD rewards
    • During expansion, newly minted mUSD is distributed as follows:
      • 75% to mSHARE stakers in the boardroom
      • 20% to mUSD stakers in the mPOWER pools
      • 5% to the DAO
  • Tokens:
    • MONEYRAIN
      • Once the presale ends, MONEYRAIN can be staked in the BUSD dividend pool, here
      • Can be staked in the genesis pools with no deposit fee
      • 80% of funds from the protocol’s NFT sales will be used to buyback and burn MONEYRAIN
      • Can be staked in the $mSHARE farms with no deposit fee
    • mUSD is the algo-stable, pegged to BUSD
    • mPOWER is the governance token
      • Deposit mUSD, receive mPOWER 1:1
      • 20% of mUSD minted in the boardroom goes the the mPOWER staking contract
      • Redeem mPOWER from the contract at a 1:?? ration – as people deposit and the protocol mints mUSD, the contract gains mUSD, increasing the ratio
    • mSHARE is the shares token, with a max supply of 55,001
      • 5500 for the team, vested over 12 months
      • 1 for initial liquidity
      • 50,000 for farm rewards over 12 months
    • mBOND is the bonding token
Related Launches

Blockchain

BSC

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