Whitehole Finance Liquidity Launch

Token launch for a multi-assets lending and borrowing protocol on Arbitrum.

DETAILS

• Launch Details
  • Token will be listed on Whitehole Finance DEX
  • Token pair: GRV/USDC
  • Listing rate: 1 $GRV = $0.03
  • Public presale rate: 1 $GRV = $0.02 (Whitelist rate: 1 $GRV = $0.015)
    • Presale vesting: 50% at launch, 50% locked as $veGRV for 1 month
    • Presale held on Whitehole Finance
  • Initial circulating market cap: unknown
  • Initial liquidity: 50% of presale funds
  • Taxes: 0%
  • Whitehole Mainnet launch is scheduled for May 7 (may be earlier)

• Mechanics & Features
  • Users can deposit and borrow crypto assets using NFT & crypto assets as collateral
  • Liquidity providers earn $GRV rewards for deposits and loans
  • $GRV can be locked (between 1 month – 2 years) to receive $veGRV (governance and vote-escrow version of GRV)
  • $veGRV holders can vote weekly to decide the $GRV emissions to liquidity providers
  • $veGRV holders will receive a APR boost, real yield (rebates of protocol revenue), tax deduction
  • Each user is given an “Eco Score” that measures how much each user contributes to the ecosystem. A user’s Eco score determines their APR boost, protocol tax (withdrawal/claim/price protection tax)

• Tokenomics
  • Token symbol: GRV
  • Total supply: 1,000,000,000
    • 5% — Presale/IDO
    • 40% — Community incentive (10 years vesting)
    • 10% — Ecosystem/marketing (Reserved for marketing rewards, pre-minted in a multisig)
    • 20% — Team (3 years linear vesting)
    • 15% — Reserves/partnerships (pre-minted in a multisig)
    • 10% — Protocol Owned Liquidity (pre-minted in a multisig , 5% used for initial liquidity)