DIVER Token Sale on SushiSwap’s MISO Launchpad

Published on: 09.09.2021

Divergence is announcing the upcoming public sale of its native token, DIVER, on SushiSwap’s MISO launchpad.

Their token sale will distribute 2% of the overall supply of DIVER tokens through a Dutch auction on SushiSwap’s MISO launchpad.

When: Monday, 20 September 2021 at 01:00 PM UTC / 09:00 AM EDT

Duration: 24 hours

Supply: 20M DIVER (2% of total supply)

Bid Currency: USDC

Auction Model: Dutch Auction

Starting Bid: $0.1/DIVER ($2M raise)

Minimum Bid: $0.05/DIVER ($1M raise)

Max, Initial Market Cap: $7.75M ($0.10 x 77.5M DIVER)

Min. Initial Market Cap: $3.87M ($0.05 x 77.5M DIVER)

Link: https://miso.sushi.com/

The auction will be deployed as we get closer to the launch, and you can view more details on the MISO interface.

They have chosen to do a Dutch Auction as it facilitates fair and transparent price discovery for participants. It is also permissionless and scalable, maximizing the reach of public sale.

About Divergence

Divergence is a decentralized platform for volatility hedging and trading with a focus on blockchain native asset prices, value of LP tokens, interest rates, DeFi farming and staking rewards.