Grape Protocol Launching on Raydium AcceleRaytor

Defi Eagle

Published on: 27.08.2021

Grape Protocol Launching on Raydium AcceleRaytor

Raydium Protocol announced that on September 7, Grape Protocol will be launching on AcceleRaytor.

🔸1. GRAPE AcceleRaytor Public Raise details:

Total tokens for the raise: 30,000,000 GRAPE (3% of total GRAPE supply), unlocked

Token fixed price: 0.02 USDC for 1 GRAPE

Total raise: 600,000 USDC

Model: Lottery for allocation

Allocation for winning ticket: 100 USDC (5,000 GRAPE)

Total number of winning tickets: 6,000

Pool opens: September 7, 12:00 UTC

Pool closes: September 8, 00:00 UTC

Open period of the pools: 12 hours

Eligibility and pool details:

There will be one RAY pool available for the GRAPE raise.

Allocation will be determined by a lottery system.
Allocation for one winning lottery ticket: 100 USDC
There will be two snapshot deadlines to determine ticket allotment.

🔸2. GRAPE IDO on Raydium:

Token starting price: 0.02 USDC for 1 GRAPE

IDO Launch time: September 8, 12:00 UTC

How does it work?

Raydium will launch a GRAPE-USDC liquidity pool (LP), after which trading will be live on the Raydium Swap interface. The AMM will begin placing orders on Serum a short time after the LP launch.
Participants with winning tickets for the AcceleRaytor raise pool will also be able to claim their tokens at approximately the same time that the GRAPE-USDC LP launches.

Fusion Pool — Provide liquidity to earn GRAPE rewards

Users will also be able to add liquidity to GRAPE-USDC LP and then stake LP tokens to earn yield on the Fusion Pools page. Rewards will be in GRAPE tokens.
Reward emissions on the Fusion pool will begin shortly after the LP launches, to give users time to add liquidity and stake in the Fusion pool for yield farming.

About Grape Protocol

The GRAPE “Great Ape” community is a token-based membership community focused on accelerating the growth and adoption of Solana. GRAPE token holders at different tiers are rewarded with exclusive benefits and monthly emissions of GRAPE. You can find more details on the GRAPE membership tiers and benefits here.

The GRAPE toolset creates a framework for decentralized and tokenized communities to better organize and coordinate their activities, unlocking a whole new world of possibility for these dynamic groups. The GRAPE roadmap includes modules for DAO Management, non-custodial tipping, escrow, and event planning to be deployed in the next 6 months.

GRAPE protocol’s first tool, Grape Access, creates a Dynamic Balance-Based Membership solution by connecting members’ social accounts to cryptographic keys. All Solana tokens are supported by Multi-Coin configurations, which grants users permission and access rights based on SPL tokens, token pairs, and LP tokens in their wallet.