Mayfair Liquidity Launch

May 21 update – launch is at 6pm UTC on May 22.

Token launch for a DEX Traded Funds (DTF) issuer on Arbitrum.

The launch time has not been announced, only that it is on May 9. This time is a placeholder.

DETAILS

• Launch Details
  • Token listing DEX: TBA
  • Token pair: MAY/WETH
  • Listing price: $0.6
  • Presale price: $0.5
    • $651,185 raised in presale on Arrary ($900,000 hard cap)
    • Vesting: 20% at launch, then 10% weekly for 8 weeks
  • Initial circulating market cap: $858,000
  • Initial liquidity: 55% of presale funds
  • Taxes: 0%
  • dApp is live

• Mechanics & Features
  • Invest in DEX Traded Funds and earn rewards
  • DTFs tracks the performance of a portfolio composed of chosen assets
  • Investors receive DTF token as receipt for depositing in DTF pools
  • Fee structure;
    • 0.5% entry fee (sent to Treasury)
    • 1% exit fee (0.7% distributed to DTF holders, 0.3% development fund)
    • 1% “streaming” fee (sent to Treasury)
  • DTFs can be used to mint mDFT (Meta DEX Traded Funds)
  • mDTF consists of an index of assets used for swaps and leverage trading
  • mDTF holders earn $MAY rewards and 70% of platform fees distributed in ETH
  • DTFs & mDTFs can be redeem at any time for the underlying assets or USD/ETH
  • Users will be able to margin traded DTFs with up to 15x leverage

• Tokenomics
  • Token symbol: MAY
  • Initial supply: 3,000,000
    • 30% — Public sale (20% at launch, then 10% weekly for 8 weeks)
    • 15% — Liquidity
    • 30% — Emissions (12 months linear vesting)
    • 20% — Development (10% TGE, then 12 months linear vesting)
    • 5% — Array ownership (40% TGE, then 6 months linear vesting)