Tokemak Token Sale Will Hit The Crypto Space on 27th July

A decentralized liquidity engine for DeFi, Tokemak will be having a token sale event on 27th July 2021. Those ETH address that are whitelisted are eligible to participate on Tokemak DeGenesis event.

DETAILS

• ETH addresses must be whitelisted to participate.
• 3,000,000 TOKE are available in the DeGenesis and everyone will receive TOKE at the same final price between $2 and $8 per TOKE
• Final price is determined by total commitments, and is capped at $8 once total commitments reach $24M
• Once total commitments surpass $24M (up to the event’s $48M max cap), a proportional swap/private farming split is globally applied
• Everyone’s commitments qualify for the same relative split between TOKE swap and a period of private farming in our Genesis Pools
• Individual ETH addresses may contribute a max value of $100,000
  in either ETH or USDC
• The DeGenesis will have a seven day commitment period beginning on July 27th, followed by a 24 hour Last Look period.

Cycle Zero is kicking off with the DeGenesis, an event to secure initial DAO reserves to equip Tokemak with the starting assets it needs to generate liquidity. In the early days of Tokemak, the reserve ensures that liquidity can be deployed safely, providing protection for Liquidity Providers’ assets.

This is the first opportunity for users to get access to Tokemak’s native network token, $TOKE, which is utilized by holders (Liquidity Directors) to direct assets as liquidity. TOKE functions as tokenized liquidity, giving holders the ability to direct the protocol TVL to various DeFi exchanges/AMMs.

The DeGenesis will last one week, beginning on Tuesday, July 27th. The ETH and USDC commitment window will be open until August 3rd, when there will be a 24 hour Last Look period ending on August 4th. This Last Look period gives participants the chance to opt out of their commitment, once the final conversion rates for TOKE are known.

Event Mechanics

• Whitelisted participants can commit only one of the following assets to be converted into TOKE: ETH or USDC
• Once the participant commits ETH or USDC, they will be able to commit more of that asset up to the individual wallet cap, but cannot commit the other asset
• There is no minimum amount a participant can commit
• There are several maximum caps on the event’s commitments in order to safeguard the launch of TOKE.

ABOUT TOKEMAK
Tokemak provides a generalized liquidity aggregator for decentralized exchanges. The network designed to generate sustainable liquidity for new and established DeFi protocols.

RESOURCES
Medium