Quoll Finance Token Sale
Quoll Finance token sale will be hosted by Impossible Finance. Quoll Finance, a yield booster, and on-chain liquidity optimizer. The protocol’s first product leverages the veToken/boosted yield model pioneered by Convex and Curve Finance.
Quoll applies it to DEXes on the BNB chain and others, such as Wombat Exchange, to provide boosted yields for LPs and extra rewards for Defi liquidity providers.
Quoll is also one of the teams participating in the “Wombat Wars” on BNBchain, so to align the timeline of product launch, the Quoll team will be conducting a shorter Impossible IDO to make sure that it can launch its tokenomics in line with its product. Please note that this will not be the standard IDO length, and we appreciate your support in understanding this non-standard staking length.
Subscription Timeline
- KYC Preparation Period: Rolling ongoing basis. Users can submit their information and pass KYC anytime during the entire IDO timeline. Only users that have completed KYC & are from accepted countries will be able to participate in this sale.
- Staking Period: 25/10/2022 10:00 AM (UTC) to 01/11/2022 10:00 AM (UTC). After completing KYC, stake IDIA and vIDIA into Impossible’s Launchpad staking contract, which will record the user’s staked IDIA and vIDIA balances. User’s IDIA and vIDIA balances will be captured onchain, and allocation is calculated based on the amount staked and the length of time staked relative to all participating users.
- Purchase Period: 01/11/2022 2:00 PM (UTC) to 02/11/2022 2:00 PM (UTC). Subscriptions will open at this time for all eligible users for 24 hours. Users may elect to purchase any amount of QUO up to the allocation derived from the staking period.
- Claiming Period: No earlier than 03/11/2022. The exact timing and details are to be confirmed by Quoll Finance closer to the time.
Quoll Finance Token Sale Details:
- Token Ticker: QUO
- Launchpad Sale Hard Cap: US$500,000 (split into multiple pools)*
- IDIA Standard pool: US$25,000 (5%)
- vIDIA Standard pool: US$245,000 (49%)
- vIDIA Unlimited pool: US$180,000 (36%)
- Whitelist allocation: US$50,000 (10%)
- Token Vesting:
- 10% upfront at Token Listing
- 1-month cliff, remaining unlocked linearly over 9 months (1% released every 3 days)
- Buy-back Protection Program: 50% downside protection from the public sale price (details & terms to be announced later)
- Day 1 Circulating Market Cap: TBD
- Total Token Supply (TTS): 1,000,000,000 QUO
- TTS Allocated to Impossible Launchpad: 5%
- Public Sale Token Price: 1 QUO = 0.01 BUSD
- Listing Price: TBC
- Token Sale Format: Staking Subscription
- Sector: DeFi
- Supported Staking Tracks: IDIA and vIDIA staking only
KYC requirements: Residents from countries or regions such as the US, Mainland China, and UN-sanctioned countries are excluded from participating.
ABOUT Impossible Finance
Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair, and accessible crypto opportunities. We simplify DeFi so you can enjoy fairer investing, cheaper trading, and better yields through our accelerator, launchpad, and swap platform.
ABOUT Quoll Finance
Quoll Finance is a veToken aggregator aiming to boost the DeFi ecosystem on BNB Chain. It will leverage inner cosmic cross-chain infrastructure to attract liquidity and users from other blockchains. Quoll Finance will start with integrating Wombat Exchange and extend to multiple protocols.
