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Home All Events - Ape O'Clock Whitehole Finance Liquidity Launch

Date

Apr 28 2023
Expired!

TimeUTC

1:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Apr 28 2023
  • Time: 9:00 am

Status

Active

Whitehole Finance Liquidity Launch

Token launch for a multi-assets lending and borrowing protocol on Arbitrum.

DETAILS
  • Launch Details
    • Token will be listed on Whitehole Finance DEX
    • Token pair: GRV/USDC
    • Listing rate: 1 $GRV = $0.03
    • Public presale rate: 1 $GRV = $0.02 (Whitelist rate: 1 $GRV = $0.015)
      • Presale vesting: 50% at launch, 50% locked as $veGRV for 1 month
      • Presale held on Whitehole Finance
    • Initial circulating market cap: unknown
    • Initial liquidity: 50% of presale funds
    • Taxes: 0%
    • Whitehole Mainnet launch is scheduled for May 7 (may be earlier)
  • Mechanics & Features
    • Users can deposit and borrow crypto assets using NFT & crypto assets as collateral
    • Liquidity providers earn $GRV rewards for deposits and loans
    • $GRV can be locked (between 1 month – 2 years) to receive $veGRV (governance and vote-escrow version of GRV)
    • $veGRV holders can vote weekly to decide the $GRV emissions to liquidity providers
    • $veGRV holders will receive a APR boost, real yield (rebates of protocol revenue), tax deduction
    • Each user is given an “Eco Score” that measures how much each user contributes to the ecosystem. A user’s Eco score determines their APR boost, protocol tax (withdrawal/claim/price protection tax)
  • Tokenomics
    • Token symbol: GRV
    • Total supply: 1,000,000,000
      • 5% — Presale/IDO
      • 40% — Community incentive (10 years vesting)
      • 10% — Ecosystem/marketing (Reserved for marketing rewards, pre-minted in a multisig)
      • 20% — Team (3 years linear vesting)
      • 15% — Reserves/partnerships (pre-minted in a multisig)
      • 10% — Protocol Owned Liquidity (pre-minted in a multisig , 5% used for initial liquidity)

Blockchain

Arbitrum