On June 24, 2021, HaloDAO Protocol will officially launch its Governance Token $RNBW on miso.sushi.com, Crowdsale Auction, which will last for 48 hours. Concerned community members proposed that the hard cap be reduced so as to increase wider distribution. A telegram poll was conducted on the HaloDAO Community Telegram Chat and the results showed that there was an overwhelming support for a lower hard cap.

Following the Community’s mandate, we will be reducing the hard cap to 650 DAI and extending the IDO duration from 24 hours to 48 hours. This ensures that HaloDAO can achieve the goal of wider distribution while balancing the consideration that the Protocol requires sufficient buying power to complete the auction at 1,000 community whitelisted member participation.

MISO Token Distribution Event Details

• Start: June 24, Thursday, 1200hrs UTC
• End: June 26, Saturday, 1200hrs UTC
• Platform: Sushi Miso
• Type: Crowdsale
• Total number of tokens sold: 1,000,000 $RNBW representing 1% of total token supply
• Price Per Token: $0.35
• Maximum Allowable Commitment: 650 DAI
• Raised Currency: DAI
• Format: First Come First Serve

Only approved whitelisted addresses subject to KYC will be allowed to participate. RNBW tokens can only be claimed at the end of the auction time, when the Auction contract is finalized by HaloDAO. Therefore, even if the Crowdsale has sold all its tokens ahead of time, participants are required to wait for the finalization at the end of the Crowdsale before they can claim their tokens.

HaloDAO Protocol will be launching its Version Zero for liquidity mining soon after our IDO.The Version One for full AMM + Lending Market will be deployed in late August, 2021.

ABOUT HALODAO
HaloDAO is building a stablecoin optimized Automated Market Maker and Lending Market. The Protocol mandate is to develop asset-agnostic money market fund infrastructure on which teams can build upon to drive greater DeFi mass adoption

RESOURCES
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