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Athos Finance IDO Details on StellaSwap!

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StellaSwap is excited to unveil the details for its very first Launchpad project: Athos Finance!

Overview of Athos Finance

  • An issuance protocol for synthetic assets, starting with their over-collateralized stablecoin called athUSD
  • derivatives exchange where synthetic assets can be traded called Athos Exchange
  • Single-sided vault for passive yield farming of athUSD with no impermanent loss

Tokenomics

Athos IDO Details

Overview

  • Format: Capped First-Come-First-Serve (FCFS)
  • Platform: StellaSwap’s IDO Launchpad
  • Funding Amount: $50,000 in USDC
  • Tokens Allocated for IDO: 250,000 ATH
  • ATH Sale Price: 1 ATH = $0.20 USDC
  • Vesting: Unlocks 100% 24 hrs after IDO
  • Eligibility Requirements: 1) xSTELLA Lock & 2) KYC

Timeline

  • Whitelisting Period: 1 August 14:00 UTC to 4 August 14:00 UTC
  • ATH IDO Sale: 5 August 14:00 UTC to 9 August 14:00 UTC
  • Claiming Period: Within 24 hours after the end of the sale.
  • xSTELLA Unlock: Aug 16 (Early withdrawal incurs fee)

Whitelisting Requirements

  • Lock xSTELLA: The higher the amount of xSTELLA lock the higher the maximum cap. Max cap for any user is $2,500.
  • KYC: Users are required to complete KYC in order to be eligible for the IDO sale.

Step-by-Step Guide

Step 1: Lock xSTELLA

Step 2: Complete KYC

Step 3: Invest

Step 4: Claim ATH Tokens

Launchpad Sale Whitelist Lucky Draw

IDO Prohibitions

About Athos Finance

About StellaSwap

SOURCE

https://stellaswap.medium.com/unveiling-launchpad-details-for-athos-finance-ido-4a726b5a42e0

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