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Home All Events Wombat Exchange Protocol Launch

Date

Sep 04 2022
Expired!

TimePacific Time

7:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Sep 04 2022
  • Time: 10:00 pm

Status

Active

Wombat Exchange Protocol Launch

Wombat Exchange is a multichain Stableswap platform.

DETAILS
  • Launch Details
    • This is the launch of the full protocol
    • The native token; $WOM, launched on Aug. 30th, 2022
    • Users can participate in liquidity mining via single-side staking of stablecoins
    • First batch of stablecoin pools include; USDT, USDC, DAI, and BUSD
    • Liquidity providers earn $WOM by depositing in any of the four listed stablecoins
    • Liquidity providers can earn boosted rewards by locking (between 7 days – 4 years) $WOM tokens via the veWOM mechanism
    • $WOM token holders can participate and vote on governance decisions
    • $WOM can also be used for liquidity farming on PancakeSwap syrup pools and auto-compounded on Beefy
    • Backed by Binance Labs, BNB Chain, Animoca Brands, Shima Capital, Jump Crypto, Wormhole, Zokyo, Lunar Station, and many more
  • Tokenomics
    • $WOM is the utility token
    • Total supply: 1,000,000,000
      • 7.5% — Private Sale (2.5% TGE, 3 months cliff, then monthly vesting over 24 months)
      • 3.0% — Strategic Sale (2.5% TGE, 3 months cliff, then monthly vesting over 24 months)
      • 2.8% — PancakeSwap IFO (20% TGE, then block-by-block linear vesting over 3 months)
      • 0.6% — PancakeSwap Syrup Pools (0% TGE, then block-by-block linear vesting over 2 months)
      • 5% — Binance Seed (0% TGE, then vesting every 6 months over 5 years)
      • 15% — Binance Partnership (0% TGE, then vesting every 6 months over 5 years)
      • 20% — Team (0% TGE, then vesting every 6 months over 5 years)
      • 20% — Liquidity Incentive (2% TGE, maximum unlock for first 2 months is 2% per month, then 1% per month)
      • 0.1% — Marketing (50% TGE, then monthly vesting over 3 months)
      • 26% — Treasury (1% TGE, then weekly vesting over 36 months)

Whitepaper

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