SaharaDAO IDO & Liquidity Launch

New synthetics protocol on Cronos.

The IDO begins at 4am UTC on June 11 (the time this event is set for), and lasts 6 hours, until 10am UTC.

Participants can claim their tokens (and liquidity will launch) once the IDO ends.

DETAILS

• The IDO will be held on MMFinance’s launchpad, here
• Participate in the sale with HKN-SVN LPs
• IDO price: unknown, this IDO is using the overflow method
• Listing price: unknown, dependent on the presale price
• Funds from the presale will be allocated as follows:
  • 50% to burn
  • 25% for liquidity
  • 25% to the team
• Total supply: 30,000,000 MNG
  • 74% to liquidity mining rewards
  • 8% to the DAO, vested over 3 years
  • 8% to the treasury, vested over 3 years
  • 8% to the team, vested over 2 years
  • 2% for IDO / liquidity
    • 400,000 for the IDO
    • 100,000 for liquidity
    • 100,000 for MMF staking rewards
• The MNG token is the governance token, and MNG stakers will receive 100% of the fees generated by the protocol in MMF and MNG
• Platform fees:
  • Minting synthetic assets: 0.3%
  • Redeeming synthetic assets: 0.5%
  • Farmers that claim rewards early are charged a fee, MNG stakers receive 50% of that fee
• Farmed MNG has a 4 week vesting period, claiming early is subject to a 50% penalty fee
• Staking MNG can be done with a 4 week lock, or no lock
  • Locked stakers earn MMF and MNG, unlocked stakers receive MMF only
  • Locked MNG can not be withdrawn early, unlocked stakers can withdraw at any time
  • Vesting, locking and fee distribution is conducted in 7 day epochs
  • Fee rewards can be claimed at any time by both locked and unlocked stakers