Magnet DAO Public Sale

December 27 update – launch delayed for 24 hours.

OHM fork on AVAX.

DETAILS

• Whitelist presale on Dec. 7 offered 2,000,000 MAG at $0.80 each (sold out)
• Public presale has 4,000,000 MAG available
• Public sale will be a modified overflow method with the price beginning at $0.80 per MAG until it reaches 3.2 million MIM, increasing linearly thereafter with a maximum of $2.5 MIM per MAG; final price determined by the total contributed
• Purchase with MIM
• Max contribution $25,000
• Funds will be allocated as follows:
  • 80% to the main Treasury
  • 10% to the Innovation Fund
  • 10% to initial liquidity
• Presale lasts 48 hours or until $10,000,000 MIM is contributed
• Public sale and presale MAG is vested with 14% releasing per day over 7 days
• All vested MAG is staked so you are earning while you wait for the vesting to complete

Liquidity will be provided on Trader Joe approximately 24 hours after the public sale ends.

Protocol launches on December 29.