Brokkr Upcoming IDO on Thorstarter Details And Guide!
Thorstarter is thrilled to finally launch the highly anticipated Brokkr IDO on Thorstarter. Launching on Terra, this is the one all THORChads have been waiting for 🚀
Their Partner Brokkr
Brokkr will initially integrate 2 of the biggest and most powerful DeFi ecosystems; Luna & THORChain and then look towards a multi-chain future.
Brokkr will enable optimized and automated DeFi investment strategies according to the user’s risk acceptance as well as reimagined, accessible Liquidity Pools. Brokkr investment portfolios will be controlled through Brokkr DAO via the $BRO token.
In addition, the Brokkr Treasury invests its owned capital in the DeFi strategies to generate an endless stream of revenue for the protocol, Protocol Owned Capital (POC).
Brokkr has already launched THORChain Synthetics, which are the foundation of THORfi and is looking to bring everyday people into the DeFi space with the official launch.
Brokkr IDO Overview
The Thorstarter IDO Price discovery will follow the Brokkr Whitelist IDO sale. This is a new sale structure that will be one time thing (custom built to the specifications of the Brokkr team). The Price discovery will not require any Forge or Tiers allocation and is open for all participants.
Whitelist NFT
This will be open to only the Whitelisted Members holding the Brokkr NFT, for more details see the Brokkr Whitelist article here.
Thorstarter Price Discovery
🗓 Date: April 1 — April 4, 2022 (72 hours)
⏰ Time: 14:00 UTC
đź—ş Location: app.thorstarter.org
🏗 Structure: Price Discovery
Token Allocation: 10,000,000 tokens (up to 15,000,000 if WL has left over tokens)
đź’° Raise: $UST (TERRA)
đź’± Price: Price is determined via the amount of $UST committed to the pool
đź’˛ Minimum Price: Equivalent to the whitelist price of 0.05$
- Note: Due to regulations, US and Russian users will be geoblocked (based on IP)
Brokkr’s Fair Launch With Thorstarter
Thorstarter has designed a special structure for the $BRO sale.
Sale Period: The sale period is open from April 1 @14:00UTC to April 03 @14:00UTC
- Buyers commit UST to the IDO pool
- At the end of the sales period, the token price is determined (UST committed / BRO tokens)
Withdraw Period:Â The withdrawal period is open from April 03 @14:01UTC to April 04 @14:00UTC
- If users are unhappy with the end price, they may withdraw their UST from the IDO pool
- During the withdrawal period, users will be able to see live updates showing the current $BRO price / amount committed
- At the conclusion of the withdrawal period, final allocations will be decided based on the final price
How To Participate
Brokkr’s Fair Launch will be one of the simplest Thorstarter sales to date.
- Arrive on the day of sale with a Terra wallet and $UST
- Connect to the Thorstarter App
- Contribute your $UST to the price discovery pool within the 48hr window starting April 1st
- Following the 48hr contribution period, there will be a 24hr window during which you can assess the price and decide whether or not to withdraw your funds
- Leave or Withdraw your funds
- Collect your $BRO on TGE day
FAQ
- Will future sales be like this?
No. This Brokkr sale is a one-off. They don’t have any plans for anything other than their normal whitelist allocation sales for the future.
For Brokkr they made an exception and agreed to a custom structure because we have been partnered as THORChain ecosystem partners since July, 2021. It is for the good of the ecosystem.
2. When can I claim my IDO allocation?
Starting April 1 at 14:00 UTC, you will have 48 hours to do so
3. Is there a participation fee?
No, there is not
4. When will I receive my $BRO tokens?
When Brokkr seeds liquidity, which will be announced from their channels, shortly following the IDO.
Their first announcement with Brokkr was in July of 2021… decades ago in crypto time.
Thorstarter could not be more excited to finally bring you $BRO, just as the entire THORChain ecosystem looks about to go parabolic.
SKĂ…L frens!
About Thorstarter
Thorstarter is a first-of-its-kind model: a hybrid IDO launchpad meets decentralized investment DAO. TS functions as a decentralized VC firm offering an array of services to partner projects. From investing in promising projects, to helping them market and build community, to performing their token launches in the Thorstarter app, Thorstarter is a premium, full suite incubation and launch solution.
About Brokkr Finance
Brokkr is an investment protocol and it offers investment options. That’s why they transform “Liquidity Providing” to “Investing in Coin pairs” Essentially, that’s what it is. Users deposit $RUNE pair in pools and receive yield for it.
đź“° INFOÂ
https://blog.thorstarter.org/brokkr-ido-details-and-guide-april-1-4-2022-3dcb484181bf
