Fulcrom is Launching on VVS Launchpad (IGO)

Fulcrom will be launched through our Initial Gem Offering (IGO) for their $FUL token! In this IGO, we incorporate a Committed $VVS Refund logic, which means your committed $VVS tokens in this IGO will be refunded to you after 90 days! You will be able to reclaim your committed $VVS tokens and vested $FUL on our IGO page.

• What is Fulcrom?
• Tokenomics
• IGO offering Details
• Participating In the IGO
• Project Details
• FAQ

What is Fulcrom?

Fulcrom is a decentralised perpetual exchange that allows users to trade leveraged positions with low fees and zero price impact, whilst having the peace of mind that all trades and collateral are stored transparently on-chain.

The team understands that Perpetuals are indeed a major form of innovation in the space, and recognise that many of such perpetual contracts are being traded on centralised exchanges, many of which may not be transparent with usage of funds. With a strong belief in decentralisation and transparency, Fulcrom was born with the vision of bringing perpetuals on-chain.

How Does Fulcrom Work?

Trading on Fulcrom works as per any Perpetual exchange. Trades are initiated with user’s collateral and are supported by a multi-asset pool — known as the Fulcrom Liquidity Pool (“FLP”), that earns fees from automated market making, swap fees and leverage trading.

Pricing on Fulcrom is supported by various price feeds from large exchanges, as well as on-chain prices — this is done with the goal to prevent manipulation and ensure accurate pricing is achieved.

Fulcrom provides following core features:

1. Trading Module

Open Order

• Market Order, Limit Order, Stop Limit

Collateral

Leverage capped at 25x

Max Slippage

Close Order

• Stop loss, Take profit

The Fulcrom Liquidity Pool (“FLP”) is an index of tokens used for swaps and leverage trading. It can be minted using any index asset and burnt to redeem any index asset. The price for minting and redemption is calculated based on (total worth of assets in index including profits and losses of open positions) / (FLP supply).

3. Staking Module

In Fulcrom, you will be earning rewards by staking:

1. $FLP (staked automatically when you buy $FLP);
2. $FUL;
3. $esFUL;
4. Boost points

Check on the platform and read their docs for detailed explanation.

Tokenomics

IGO Details

IGO Start Date: Tuesday, Mar 16th, 2023 9am UTC (5pm SGT)

Duration: 24 hours

LP Seeding: Wednesday, Mar 17th, 2023 9am UTC (5pm SGT)

Amount to Be Raised: 100,000 USD

Fully Diluted Valuation (or equivalent): $100,000,000

Units offering: 20,000,000 FUL at $0.005 usd per token

IGO Split: 100% to Basic (no Unlimited Offering)

IGO Method: Basic Offering: ‘Gem Fair’ . The method will be conducted using the Overflow Method.

Gem Fair eligibility snapshot: Taken randomly between Mar 12th — Mar 13th 2023, complete staking requirement by Mar 11th 11:59 PM UTC 2023

Vesting: 80% Immediate, 20% Monthly Vesting at 5%

Investment token: $VVS

Max commitment: $100 USD worth of VVS (fully returned after 90 days of IGO end)

Max overflow: 2x

Committed $VVS refund: Your committed $VVS tokens in this IGO will be refunded to you after the 90 days. You will be able to reclaim your committed $VVS tokens on our IGO page.

Basic Offering: ‘Gem Fair’ (USD 100,000 to raise)

In the Gem Fair, each person can contribute a MAXIMUM of $100 USD equivalent of VVS tokens.

To enter the Gem Fair, each user has to stake in xVVS Vaults, with varying amounts based on the different vault lockup period. Note: the staked amount cannot be split across multiple Vaults.

In essence, with a longer lockup period in the Vaults, the amount of xVVS staked required to enter the Gem Fair will be lowered.

The Gem Fair eligibility snapshot will be taken randomly between Mar 12th — Mar 13th. Make sure to complete the staking requirement by Mar 11th 11:59 PM UTC — 2023

The number of tokens available in this format will account for 100% of the total amount of token offering.

In order to ensure IGO participants have meaningful IGO allocation in the event of oversubscription, the Max Overflow mechanism will be implemented in the Basic Offering. The Basic Offering pool will stop accepting further deposit commitment once the overflow reaches 2x / 200% of the amount to raise.

Do note that the final allocation you receive will still be subject to the total amount raised in this method. However, you will not be battling any whales.

What Is the “Overflow” Method?

In essence, the more a user commits, the more allocation they may receive based on their percent commitment over the total committed amount. Any unspent amount is returned to users. The Overflow Method is illustrated by the following examples, when a user participates in the IGO via a Gem Fair.

Participating In the IGO

Eligibility:

1. Buy and stake at least 250 USD worth of FLP in Fulcrom.
   $FLP price is set at USD$0.98, which means you will need 255 $FLP in wallet during the eligibility snapshot
2. Stake xVVS in VVS Finance, with varying amounts based on the different vault lockup period.
   VVS Miner Mole holders can bypass this xVVS locking requirements for IGO entry (holders must hold at least 1 VVS Miner Mole NFT during our eligibility snapshot, no matter the NFT is in the wallet or it’s staked into the VVS Gotchi/Farm)
3. Get VVS tokens which will be needed to purchase the $FUL token.
4. Complete the gleam link and submit your wallet address: https://gleam.io/fJj1W/vvs-fulcrom-igo

Before the IGO:

1. Get some VVS tokens and stake them for xVVS.
2. Ensure you have xVVS staked in a Vault prior to the IGO. xVVS has to be staked before the snapshot is taken in order to be eligible, refer to the above snapshot time and amount required (Required for the basic method ‘Gem Fair’).
3. Buy and stake at least 250 USD worth of FLP on Fulcrom.
4. Arm yourself with VVS tokens, this will be your currency to purchase $FUL.

During the IGO:

1. Commit VVS tokens: commit your purchase intention by staking VVS tokens in the IGO smart contract.

After the IGO:

1. 80% of your $FUL tokens will be immediately claimable once IGO is completed.
2. The remaining 20% of tokens will vest monthly over 4 months (5% per month)
3. Your allocation of $FUL tokens is calculated based on the overflow.
4. Any unused VVS tokens will be returned to you automatically upon claiming your $FUL tokens.
5. Your committed $VVS tokens in this IGO will be refunded to you after the 90 days. You will be able to reclaim your committed $VVS tokens on our IGO page.

$FUL Farm/Mines Post IGO:

1. Crystal Farm : FUL/VVS Crystal Farm
2. $FUL Glitter Mine : FUL Mine

Project Details

Project: Fulcrom ($FUL)

Website: https://fulcrom.finance/

Contract Address: Details to be released

Audit: Details to be released

Social media:

• Discord: https://discord.gg/7cTMWnpAfd
• Telegram: https://t.me/FulcromFinance
• Telegram Announcement: https://t.me/FulcromFinanceAnn
• Twitter: https://twitter.com/FulcromFinance
• Medium: https://medium.com/@FulcromFinance

FAQ

1) What is the overflow model*?

In essence, the more a user commits, the more allocation they may receive based on their percent commitment over the total committed amount. Any unspent amount is returned to users.

2) How are VVS users eligible for the $FUL IGO?
VVS users are required to stake xVVS in Vaults, meet the staking requirements, buy and stake at least 250 USD worth of FLP in Fulcrom prior to the IGO to participate.

3) What is the max overflow cap for?

Max overflow is an optional feature if the project team wants to ensure an equitable size for pool participants. After the max overflow amount is hit, no additional users can commit further funds.

4) Any vesting/restriction on the funds raised?

We don’t impose vesting or restrictions, project owners can dissolve the LP, and utilize funds at their discretion.

5) Can we launch a Crystal Farm/Glitter Mine on your platform?

To incentive users to add further liquidity to your pool, we can launch a farm pair with your token. Generally, the IGO project owners sponsor an equivalent amount of token in a Glitter Mine for VVS users to earn your token.

6) How about co-marketing?

IGO is a deep partnership. Our team will be fully committed to promoting your project to our user base and launching co-marketing initiatives.

Disclaimer — All projects are subject to both high market risk and volatility. We ask that you do your own research and full due diligence before investing your funds in any project. VVS Finance will not be held responsible for any investment losses.

Additionally, persons located in or residents of the following list or any other jurisdiction in which it is prohibited from using any of the services offered on the VVS Finance website, including IGO, (the ”Prohibited Jurisdictions”) are not permitted to make use of these services.

You may find the full list of “Prohibited Jurisdictions” and Usage Disclaimer here.