ParagonsDAO Liquidity Launch

January 18 – Copper Launch will run for 3 days now, extending the liquidity provision to January 20.

January 14 update – presale was delayed by 3 days, thus delaying the liquidity launch as well.

Paragons DAO’s focus is obtaining Parallel NFTs and supporting the Parallel ecosystem overall, with a longer term goal of supporting blockchain gaming as a whole. They have already raised $25 million from DAOs, angel investors and blockchain venture funds.

DETAILS

• PDT is the governance token and is representative of the NFT assets the Treasury holds
• There are two ways the public participated in the presale:
  • Initial Bonding Event
    • Bonding Parallel NFTs in exchange for PDT at a rate of $0.34/PDT (they say this is the same price private investors paid)
  • Copper Launch
    • Price discovery auction format
    • Runs for 24 hours
• Initial supply: 125,000,000 PDT
  • 23% to founders, vested 2 years
  • 1.5% to operational team, vested 1 year
  • 67% to seed funding, immediate vesting
  • 2.5% to Initial Bonding Event
  • 2.5% to initial liquidity
  • 3.5% to the Treasury
• They have not announced the listing price yet

Presale on January 14.