Spoon Exchange Liquidity & DEX Launch

April 20 update – contract and chart links added.

Token launch for a DEX with vote-escrow -ve(3,3) mechanics on Core.

No contract available at time of review.

DETAILS

• Launch Details
  • Token will be listed on Spoon DEX
  • Token pair: POON/wCORE
  • Listing price: $0.125
  • Presale price: $0.125
    • Presale on Archerswap
    • Vesting: 100% at launch
  • Initial diluted market cap: $1,250,000
  • Initial total liquidity: $500,000
  • Taxes: 0%
  • Emissions (epoch 1) is scheduled to begin on April 20, 00:00 UTC

• Mechanics & Features
  • Combines the concepts of vote-escrow (Solidly) + (3,3) game theory (Olympus DAO)
  • 0.02% swap fee on stable pools; 0.2% on volatile pools
  • Liquidity providers receive $POON emission rewards
  • Lock $POON to receive $vePOON (governance and vote-escrowed version of $POON)
  • $POON can be locked for up to 2 years – the longer the lock, the higher the voting power (2 years lock = 1 $vePOON, 6 months lock = 0.25 $vePOON)
  • $vePOON holders receive bribes, rebases, governance power, and 100% of swap fees
  • $vePOON holders can vote weekly to decide which LP gauges or pools receive $POON emissions the next week
  • Weekly $POON emissions begin at 604,800 $POON and decays by 1% weekly
  • At epoch 1 (farming start), the emissions voted by the team will as follows:
    • 78% to SPOON/wCORE
    • 13% to wCORE/USDC
    • 5% to USDT/USDC (stable)
    • 4% to WETH/USDT

• Tokenomics
  • Token symbol: POON
  • Total supply: 10,000,000
    • 40% — Presale (100% TGE)
    • 20% — Initial liquidity
    • 15% — Ecosystem grant
    • 13% — Team
    • 12% — $POON/vePOON airdrop
    • ❌ No information on the token vesting