StarTerra x Proteus Finance IDO Details & Rules!
Its been a while! But, fear not, it’s here! StarTerra long-awaited IDO with Proteus Finance is taking place from the 11/04 to the 15/04 both finishing and starting as usual, at 13:00 UTC. It has been a while, so let’s get up to speed and refresh their minds about what Proteus Finance is proposing.
Proteus Finance aims to provide a seamless solution to the complicated processes of high-yield investing in the De-Fi space, especifically on the Terra blockchain. The developers have chosen Terra due to its ease in operability, high yield De-Fi protocols such as Anchor, and affordable gas fees creating a perfect platform for Proteus Finance to take advantage of. Featuring many safety systems such as automatic bot trading with a goal of protecting and assuring funds, your very own Proteus debit card (Wow, right?!) for ease of access to your Proteus, as well as providing unproblematic and simple transfer and withdrawal solutions.
Without further ado, here are the IDO details and tokenomics;
IDO Details
Total Supply: 1,000,000,000
IDO Token Price: 0.06 $UST
Vesting: 10% TGE + 6 Month Linear Release
Platform Raise: 1,750,000 $UST
Token Ticker: $PROTEUS
Blockchain Network: Terra
Initial Token Circulation: 14,226,453
Initial Market Cap: 853,587 $UST
IDO Rules
Recruits
Minimum STE: 250
Minimum Prefund: 300 $UST
Percentage of total allocation: 15%
Recruit tier allocation is 100% lottery
Faction
Minimum STE: 3000
Minimum Prefund: 700 $UST
Percentage of total allocation: 65% (Includes Squadrons)
Squadrons
Minimum STE: 500
Minimum Prefund: 300 $UST
WhaleCraft
Top 100 wallets across all Factions will receive a guaranteed allocation.
Percentage of total allocation: 20%
Please bear in mind, if you unfortunately didn’t receive an allocation, your prefund will only be unblocked whilst no IDOs are being processed.
How to Calculate STE:
StarTerra Energy(STE) = $STT(single asset) + ($STT-UST LP x 1.25)
For every 250 STE You receive 1 ticket for the lottery portion of the IDO!
About Proteus Finance
Proteus is an asset management and yield creation service with the goal of developing exclusive strategies and portfolio rebalancing to provide the highest possible yields in the Terra ecosystem and invests on your behalf. Built on Terra, they aim to develop a smart AI-driven algorithm to provide the best high yield for stable coins in the market, while creating a one-stop automated process for complex DeFi products and proposing low-risk strategies where clients would not lose money.
About StarTerra
StarTerra is a gamified launchpad that features Play2Earn, gamified NFTs, and multi-asset staking, built on the Terra Ecosystem. StarTerra is introducing a gamified system of competition between tiers (called “factions”) allowing their members to stake more of $STT native token than the minimum required amount.
📰 INFO
https://medium.com/@StarTerra/proteus-finance-ido-details-rules-c8c1855ee3ec
