Shark DAO dApp & Liquidity Launch

OHM fork on AVAX.

The liquidity and dApp with minting, staking, etc. launches on December 23, no time announced yet.

DETAILS

• Presale rate: $1 per SHARK
• Listing rate: $1 per SHARK
• 50% of presale tokens unlock 1 hour after liquidity is provided, 25% after 1 day and the remaining 25% after 1 week
• During the first hour of the liquidity provision, the Treasury wallet “…will be dumping tokens every time the price goes too high” so that presale participants can’t sell at a higher price than the public community
• Staking APR changes based on the treasury balance, “Every time the treasury balances is multiplied by 2, the APR is divided by 2. The same process happens in the opposite side: if the treasury balance is divided by 2, the APR is multiplied by 2.”
• Buybacks to bring the token value = the token backing value occur every 12 hours