#Monstercat whitelist prices how to#

To mint $DRM, users who hold a treasury accepted token will commit their tokens and receive a discounted amount of $DRM in exchange. $DRM is an interest-bearing asset, meaning the balance of DRM will grow in time, so does its value as the treasury guarantees the intrinsic value. Each $DRM is backed by a basket of assets in the treasury, which gives it a floor value that it can not fall below. The core product of DarumaDAO is $DRM, an algorithms-aided stable currency. We aim to bring the innovative DeFi money design to the most promising blockchain networks. About DarumaDAO What is DarumaDAO?ДarumaDAO is the first decentralized reserve currency protocol built on the Nervos blockchain, inspired by OlympusDAO.

#Monstercat whitelist prices how to#

In the coming days, we will release a step-by-step tutorial on how to take part in the IDO and what will happen post-IDO in the run-up to the mainnet launch. We will publish a list of addresses as the whitelist on both TwitterВ and Discord.

The Godwoken L2 addresses collected from Gleam will be used as identifiers. How will I be notified if I am on the whitelist? The gleam campaign will run from 10th January 2022, 9 am UTC to 14th January 2022, 9 am UTC. To be whitelisted, please visit В and complete the tasks. Once the IDO ends, you will receive rDRM, which can be redeemed for DRM at a 1:1 ratio on Daruma dashboardВ when the first epoch starts. To participate, you will need to prepare your YOK/CKB LP Token, see thisВ detailed guide on becoming a liquidity provider (LP) on Yokaiswap. To maintain fairness and alleviate the whale effect, each whitelisted user will only be allocated a maximum of $300 DRM. The IDO will run for 24 hours, from 17 January 2022 at 1 AM UTC to 18 January 2022 at 1 AM UTC. There are 2 pools for the IDO: 16,000 DRM for the community whitelist pool and 4,000 DRM for the public overflow pool, both available at $15 per token. The team will also provide the initial liquidity of 4,000 DRM (DRM-USDC, DRM-CKB) paired with its own fund and lock it in the treasury. Note that the rate at which the teamвЂ™s purchase of 4,000 DRM is higher than the public is able to initially acquire.

The Daruma dev team reserves no tokenВ from the community. Dev Fund: 4,000 DRM to be purchased by the team at $18 per tokenДaruma sticks to a fair-launch principle, in that there is no discounted seed round of fundraising or any VC round before an average Joe from the community.IDO on Yokaiswap: 20,000 DRM to be raised at $15 per token.To bootstrap the initial liquidity and distribute the supply of $DRM, we partner with YokaiSwap to launch the Initial Liquidity Bootstrap(ILB) event on 17 January 2022. DarumaDAO is the first decentralized reserve currency protocol built on the Nervos blockchain, inspired by OlympusDAO.