Magnet DAO Liquidity and dApp Launch
December 29 update – launch moved from Dec. 31 to January 2 so it doesn’t launch on New Year’s Eve.
OHM form on Avalanche. Magnet DAO plans to use 10% of bond profits to invest in crypto assets, including incubating promising new protocols, turning the DAO into a on-chain venture fund.
DETAILS
- Magnet DAO is also hosting a “Community Offering” on December 6 for those who were in their Discord prior to Nov. 30. The Community Offering is allocated 2,000,000 tokens at $0.80 each
- Total initial supply: 10,000,000
- 4,000,000 tokens public sale during the Public Sale (they are calling it a “fair launch”)
- Max contribution is $50,000 per wallet
- Price will be dynamically determined by the amount of funds contributed
- Sale will be conducted with MIM
- Lasts 45 hours
- Full details on how Magnet DAO’s protocol will differ OHM have not been released yet
Blockchain
