ArbiTen Finance Liquidity Launch

Token launch for new algorithmic stablecoin + fractional collateralization protocol (10mb Finance fork) pegged to 0.1 ETH on Arbitrum, from the PolyWantsACracker team/dev that launched several projects including 10mb Finance.

DETAILS

• Schedule
  • Presale – April 10, 10 pm UTC
  • Liquidity launch – April 11, 11pm UTC
  • Protocol launch – April 12, 10pm UTC

• Launch Details
  • Token will be listed on Sushiswap
  • Token pair: ArbiTen/WETH
  • Listing price: unknown
  • Presale price: 0.1 WETH/ArbiTen
    • Presale held on the ArbiTen (100 ETH hard cap)
    • Vesting: 100% at launch ($ArbiTen + bonus $10SHARE)
  • Initial liquidity: 60% of presale funds
  • Protocol (Genesis & LP farms, Boardroom) is scheduled to launch April 12

• Tokens
  • $ArbiTen is the algo-stable, pegged 0.1:1 to ETH
    • Peg will be maintained via a dual-peg mechanism – seigniorage (similar to Tomb) and fractional collateralization (similar to Frax and Iron Finance)
    • Initial supply: 1,440
      • 1,000 — Presale
      • 400 — Liquidity
      • 10 — Incentives
  • $10SHARE is the shares token
    • Total supply:
      • 65% — Farming rewards (vested linearly over 10 years – 9.5 10SHARE/day)
      • 10% — DAO fund (vested linearly over 10 years – 1.369 10SHARE /day)
      • 10% — Dev fund (vested linearly over 10 years – 1.369 10SHARE /day)
      • 10% — Equity Fund
      • 5% — Insurance Fund
      • 6 — Pre-mint (5 to presale, 0.8 to DAO, 0.2 to liquidity)
  • 10BOND is the bond token

• Mechanics & Features
  • Dual peg enforcement mechanism – Seigniorage + Fractional collateralization
    • $ArbiTen can be minted or redeemed with 10SHARE + ETH
    • Total mintable $ArbiTen scales up by epoch
    • 0.4% tax on minting and redemption of $ArbiTen
  • Scaling sell tax on $ArbiTen based on the TWAP (time-weighted average price)
    • 20% tax if TWAP = 0
    • 15% tax if TWAP between 0.5 – 0.7
    • 10% tax if TWAP = 0.8
    • 5% tax if TWAP = 0.9
    • 2% tax if TWAP = 0.95
    • 0.2% tax if TWAP > 1
  • NFT staking to boost yield
    • Only FarmerLand NFTs will be eligible – Farmers, Land, Tools, Majestic Minotaurs
    • 2% boost per NFT for Farmers, Tools, and Land NFTs
    • 3% boost per NFT for Minotaurs NFTs
    • Maximum of 5 NFTs per pool