Launch (Genesis Pools)

Based Finance has decided to use TOMB Finances’ idea of implementing Genesis pools to provide initial token allocations of BASED. We believe Genesis pools provide the best bot protection, and will also incentivize user added liquidity which is extremely beneficial for a new protocol.
Team will provide LP for BASED-TOMB. This LP will be locked and all TXS will be public. Furthermore, A large part of genesis distribution tokens are going to be burned forever. This will create scarcity, providing more incentive to participate. This liquidity will be moved to the BSHARE rewards pool later and locked! Meaning BSHARE will be burned slowly using the same mechanism!
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BASED GENESIS POOLS will be as follows: 
TOMB: 1810 
 ETH: 2025 
 FTM: 2040 
 USDC: 1025 
 BASED-Tomb: 20600
Total: 27500 $BASED
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1000 BASED will be pre-minted and sent to our multi-sig treasury
There will be a .5% deposit fee in the Genesis pools that will be directly sent to our Multi-Sig Treasury  and will bootstrap Treasury Funds for future buybacks and improvements to the protocol. 
This proposal was passed by the community here: ://discord.com/channels/929736592246046720/929740356671643689/936516003947499541​
Last modified 1yr ago