AutoShark Finance 2nd Launchpad: Squid Stake
Squid Stake is being led by a veteran (DOX-ed to our team) in the DEFI ecosystem who has built multiple protocols and is interested in expanding the oceanic ecosystem of AutoShark. Squid Stake has agreed to also join our BUIDL academy as our first ever BUIDL project to leverage financial and technical support from our team.
A quick overview of Squid Stake features:
- AMM that provides $SQUID as rewards
- Uses FINS-LPs to help AutoShark lock-in liquidity
- Unique tokenomics that rely on deposit fees, and fees from trade mining to push up prices of $SQUID to raise APR
- Ink pools — Stake $SQUID get other projects’ tokens
- Single asset staking pools
Squid Stake Tokenomics — 400,000,000 CAPPED supply
- Launchpad: 6,000,000 SQUID — goes towards early investors and can be traded on AutoShark
- Marketing: 8,000,000 SQUID — tokens will be used in a variety of ways such as a SQUID staking pool on AutoShark, airdrop campaigns and various marketing efforts
- Platform Development: 8,000,000 SQUID
- Team: 8,000,000 SQUID
- Liquidity Reserve: 30,000,000 SQUID — Used to create LPs with the BNB from the launchpad. Squid Stake will be dedicating 100% of BNB raised to forming LPs, ensuring high liquidity at the start.
- Mining Rewards: 60,000,000 SQUID — minted in the form of $SQUID each time a user uses Squid Stake to swap their cryptocurrencies
- Staking Rewards: 280,000,000 SQUID — minted in a linear fashion in farms and pools.
Squid Stake Launchpad Details
- Subscription page: https://autoshark.finance/launchpad
- Start block: https://bscscan.com/block/countdown/12161800
(Approximately Thursday, Oct 28 12:00 UTC) - End block: https://bscscan.com/block/countdown/12166600
(Approximately Thursday, Oct 28 16:00 UTC) - Duration: 4 hours
- Funds to be raised: $500,000
- Tokens to be sold: 5,000,000 (Price per $SQUID: $0.10)
- $FINS to be burnt: $250,000
- Method: Unlimited subscription via the Overflow method
Before Sale
- Buy $FINS and $BNB tokens
- Get FINS-BNB LP tokens by adding liquidity on AutoShark
During the Sale
- Commit your FINS-BNB LP tokens to get $SQUID tokens on https://autoshark.finance/launchpad.
You can lock your LP tokens at any time during the subscription period, even within the final 30 minutes, if you are worried about not having access to your LP tokens after it is committed.
After Sale
- Claim your $SQUID tokens
If there is an oversubscription, your FINS-BNB LP tokens will be refunded back to you.
What do $FINS/$JAWS holders get?
- Buy/Sell $SQUID on AutoShark.
- SQUID-BNB farm will be established.
- Stake $JAWS to earn $SQUID in the Ocean Pool.
Project details:
Squid Stake builds on the oceanic ecosystem of AutoShark to help you stake more, earn more!
About AutoShark
AutoShark Finance is the 1st Hybrid AMM and Yield Optimizer, offering unparalleled access to farming opportunities through the use of superior yield strategies, auto-compounding vaults, and NFT-powered farming.
Source:
https://medium.com/autosharkfin/announcing-2nd-launchpad-squidstake-46e9a91ddfea
