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Home All Events - Ape O'Clock LionDEX Liquidity Launch

Date

Apr 04 2023
Expired!

TimeUTC

2:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Apr 04 2023
  • Time: 10:00 am

Status

Active

LionDEX Liquidity Launch

Token launch for a perpetual trading DEX platform on Arbitrum.

DETAILS
  • Launch Details
    • Token will be listed on LionDEX
    • Token pair: LION/USDC
    • Listing price: $0.02
    • Presale price: $0.02
      • $2,000,000 hardcap filled in presale held on LionDEX
      • Vesting: 100% at launch (split between $LION & $esLION)
      • $esLION is staked $LION and can be converted to $LION by vesting over 180 days
    • Initial circulating market cap: $2,680,000
    • Initial total liquidity: $1,200,000
      • 30% of presale funds ($600,000) + 30,000,000 $LION
  • Mechanics & Utility
    • Trade crypto assets with up to 50x leverage
    • 10% – 50% insurance ratio on perpetual trading orders
    • Fees structure;
      • 0.008% swap fees
      • 0.25% LP transaction fees
      • 3% Insurance claim fee
      • margin size*0.08%+5LP Liquidation fee
    • Dual token model – $LION and $LP
      • LION is the governance token
      • LP is the intermediary liquidity token, representing the assets in the LION liquidity pool
    • $LION can be staked to earn $esLION (escrowed LION) and $LP rewards
    • $esLION can be converted into $LION by vesting linearly over 6 months
    • Liquidity providers mint $LP when they provide liquidity
    • $LP can be staked to earn ETH, LP & esLION rewards
    • Holders of LionDEX NFTs receive benefits which includes;
      • stake to earn $LION tokens, with a emission period of 180 days
      • stake to receive 1,500 pre-deposited feeLP, which can be used to offset perpetual futures trading fees
      • Stake to boost LION/LP staking yield by 5%
      • guarantee priority access to all airdrop
      • governance power
    • LionDEX traders and $LION holders will be able to participate in launchpad IDOs; supported participation tokens will include LION/ETH/USDC
    • Protocol fees allocation:
      • 75% to Staking rewards for $LION and $LP stakers
      • 25% to Explorers Labs
  • Tokenomics
    • Token symbol: LION
    • Total supply: 1,000,000,000
      • 10% — Presale/IDO
      • 50% — Protocol growth incentives
      • 20% — Developer fund (24 months linear vesting)
      • 10% — Genesis NFTs
      • 5% — Consultant fees (24 months linear vesting)
      • 3% — Liquidity
      • 2% — Airdrops
Links & Resources
Related Launches

Blockchain

Arbitrum