ParagonsDAO Presale

January 14 update – delayed by 3 days to January 17.

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 you can participate to obtain PDT:
  • Initial Bonding Event
    • You will bond Parallel NFTs in exchange for PDT at a rate of $0.34/PDT (they say this is the same price private investors paid)
    • The cards eligible for bonding will be made public shortly before the Initial Bonding Event
    • Special Edition cards, Perfect Loop cards, Card Backs and Assets will not be eligible for bonding
    • Some First Edition cards will be eligible for bonding
    • There is a limited number of each eligible card that will be accepted for bonding
    • They have not announced how the cards you bond will be valued, i.e. how much PDT you will get for the various cards etc.
    • They intend to hold more bonding events in the future
  • 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

Liquidity launches on January 20.