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Home All Events Palmswap Liquidity Launch

Date

Sep 30 2022
Expired!

TimePacific Time

8:00 am

Your Time

  • Timezone: America/New_York
  • Date: Sep 30 2022
  • Time: 11:00 am

Status

Active

Palmswap Liquidity Launch

Token launch on BSC, for a decentralized perpetuals trading platform.

❌ No contract available at time of review.

DETAILS
  • Launch Details
    • Token will launch on PancakeSwap
    • Token pair: PALM/WBNB
    • Listing price (estimate): $0.05
    • Presale price (estimate): $0.01875
      • 6,601 BNB raised in fair launch presale held on Palmswap launchpad
      • Vesting: 25% at token launch, 1 month cliff, then daily release over 3 months
    • Private sale price: $0.04
      • 4,500 BNB raised in private sale
      • Vesting: 46 days cliff, then daily vesting over 15 months
    • Initial circulating market cap: unknown
    • Initial liquidity (estimate): $1,000,000
      • Approximately $500.000 in BNB paired with exactly 10,000,000 PALM tokens
    • Taxes: 0% buy | 0% sell
    • Team says staking and farms will be available at launch
    • Trading platform testnet is live and available here
  • Mechanics & Features
    • Users trade with up to 10x leverage on long and short positions
    • Initially, 2 markets will be available – ETH and BTC
    • Order types available – market, limit, take profit order, stop market order
    • The top 100 traders are ranked on the leaderboard and awarded PALM tokens based on their profits gained
    • Tier-based trading fees; ranging from 0.1% – 0.025%, depending on the total 30-day trading volume
    • PALM stakers receive a trading fee discount based on the size of their current Staking Balance
    • 50% of trading fees is sent to the treasury and will be used to buyback and burn PALM. 25% will be used for insurance funds and the remaining 25% for protocol operations
    • Other features/products in the Palmswap ecosystem includes;
      • Liquidity farms – stake Liquidity Pool (LP) tokens to earn PALM tokens. 1.5 PALM is generated per block and allocated to the liquidity farmers
      • Staking pools. stake in tokens to earn PALM tokens. Stakers receive benefits such as; trading fees discount, governance voting, launchpad participation, increased affiliate commissions
      • Launchpad
      • Referral program – refer and receive 20% of referred users trading fees. Referred users receives 10% discount on their trading fees
  • Tokenomics
    • Token symbol: $PALM
    • Total supply: 100,000,000
      • 10% — Community Fair Launch (25% at TGE, 1 month cliff, then daily vesting over 3 months)
      • 2.06% — Seed round (61 days cliff, then daily vesting over 18 months – price: $0.02)
      • 2.29% — Private round (46 days cliff, then daily vesting over 15 months – price: $0.02)
      • 17% — Team & advisors (6 months cliff, then daily vesting over 30 months)
      • 52.5% — Ecosystem & rewards
      • 4.97% — Marketing (1 month cliff, then daily vesting over 12 months)
      • 3.75% — Market Maker & Liquidity (1 month cliff, 46.5% at cliff TGE, then daily vesting over 3 months)
      • 0.45% — Early User Airdrops (100% at TGE)
      • 3% — Insurance funds (strategic release)
      • 3.94% — Reserves (strategic release)
Links & Resources
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