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Home All Events Solar Protocol Liquidity & dApp Launch

Date

Jul 19 2022
Expired!

TimePacific Time

12:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jul 19 2022
  • Time: 3:00 pm

Status

Active

Solar Protocol Liquidity & dApp Launch

July 15 update – launch delayed to July 19.

July 14 update – the team says they are launching at “approximately” 19:00 UTC.

July 7 update – launch delayed to July 15. Time is TBA.

New node-as-a-service launch on Fantom.

❌ No contracts published yet.

DETAILS
  • Launch Details
    • Token launch will be on BeethovenX- $KELVIN / USDC pair
    • Listing price: $50
    • Presale price: $20
    • Presale was for the sale of $nKELVIN tokens
      • $nKELVIN can only be used to create STARS nodes
    • There is no information available yet on the initial liquidity or marketcap
  • Mechanics
    • STARS are yield-generating, non-tradable NFTs
    • $KELVIN (+ 30% value in stables) is used to mint STARS nodes
    • STARS generate $KELVIN rewards, which can be claimed or compounded into additional STARS
      • 30% in stables fee is waived for compounding rewards into STARS
      • Maximum of 40% claim tax on rewards; decreasing weekly until 0% after 30 days
    • STARS have a lifespan of 200 days, after which they stop generating rewards
      • Lifespan can be extended by compounding
    • STARS requires a maintenance fee, paid monthly in stable coins
    • There are 3 types of STARS nodes:
      • Protostar:
        • Cost: 5 $KELVIN + 30% value of 5 $KELVIN in stables
        • Rewards: 0.052 $KELVIN tokens per day per STAR (~125 day ROI)
        • Maintenance fee: $10 per month per STAR
      • Neutron Star:
        • Cost: 10 $KELVIN + 30% value of 10 $KELVIN in stables
        • Rewards: 0.13 $KELVIN tokens per day per STAR (~100 day ROI)
        • Maintenance fee: $25 per month per STAR
      • Quasar:
        • Cost: 30 $KELVIN + 30% value of 30 $KELVIN in stables
        • Rewards: 0.455 $KELVIN tokens per day per STAR (~86 day ROI)
        • Maintenance fee: $90 per month per STAR
    • Solar maintains 4 vaults, funded by fees from token swaps, reward claims, creation and maintenance of STARS
      • Rewards Vault: for rewards payout
      • Treasury Vault: for protocol investments
      • LP Vault: for liquidity injection
      • Stable Price Vault: for maintaining a stable price via a liquidity management system
      • Project Vault: for team expenses (capped at $41,000/month)
    • Solar will generate revenue from treasury investments in yield farming, lending, and providing web3 development and design services
  • Tokenomics
    • Total supply: 1,000,000 $KELVIN
      • 15,000 – Presale
      • 665,000 – Rewards Vault
      • 60,000 – Treasury
      • 250,000 – Liquidity Vault
      • 25,000 – Stable Price Vault
    • 10% sell tax on $KELVIN
  • Roadmap includes launch of utility NFTs, lottery system, mini-games, and migration to a revenue-share model
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