Amun’s SOLI Index Token to Launch 2/8
CORRECTION: The article erroneously stated that SOLI will be purchased with SOL in our IDO. Users will still use USDC to purchase SOLI on our dashboard; the trading pair on Raydium will be SOLI/SOL.
Cadets, we are pleased to announce that StarLaunch will host the IDO for Amun, a blockchain ecosystem index fund creator that is inviting users to participate in the growth of Solana in a diversified way.
Solana: a scalable web3 solution
Solana holds a special place in our hearts. We chose to build StarLaunch on Solana due to its blazing fast speeds (thanks to its novel Proof-of-History consensus mechanism) and exploding popularity in the DeFi, GameFi and NFT sectors. Solana’s incredible growth last year has positioned it alongside Ethereum as one of the world’s biggest cryptocurrencies. We are confident about a bright future for Solana’s developers and investors, and we are beyond excited to partner with a project that shares our confidence in Solana’s success — Amun.
Introducing Amun
Amun is a creator of index fund products for digital assets. Their mission is to provide investors an opportunity to invest in the growth of a blockchain ecosystem in a diversified way through use of their ecosystem index fund tokens. These dynamic “basket” tokens pick the most liquid and utilized tokens in an ecosystem and wrap them in an index, giving holders exposure to a diversified array of underlying value. Amun has successfully deployed their blue-chip index products on Ethereum and Polygon with the DeFi Index (DFI) and Polygon Ecosystem Index (PECO) tokens, respectively, and they are applying the same recipe in curation of SOLI, the Solana Ecosystem Index Fund token.
Solana Ecosystem Index Fund (SOLI) explained
SOLI is an index fund token that provides investors with a broad exposure to top native Solana applications and is designed to capture the growth of the Solana ecosystem. The underlying components of the SOLI token are selected through predetermined methodology — 33% of the index is assigned to Solana’s native token SOL, and the remaining 67% is composed of a weighted average of the top Solana ecosystem tokens. This approach ensures users are given exposure to the most successful and beneficial projects in the ecosystem.
Sample SOLI Composition
(for demonstrative purposes only. Below are the weights on launch. It will change after launch)
As the Solana ecosystem scales, the composition of the SOLI index will change to ensure users have an opportunity to capture that growth. The Amun team subjects the index to monthly maintenance, wherein the token’s constituents are re-evaluated and re-balanced as new entrants emerge in the space (whether they be DeFI, art, gaming projects or otherwise). The value of SOLI is derived from its underlying assets, meaning users can mint the token in exchange for SOL and burn the token to receive the underlying assets. SOLI will typically have a management fee in the amount of 1.5% of managed assets per year, however this fee is waived for all SOLI users through the end of 2022.
IDO Details
Participants in Amun’s whitelist sale at StarLaunch will receive SOLI tokens at a 10% discount, providing a strong basis of exposure to the long term success of the burgeoning Solana landscape.
IDO pool: $450,000 / 83,334 SOLI
IDO price: $5.4
Initial marketcap: $450,000
Vesting: Linear daily unlocks for 180 days, beginning with token launch (~463 at TGE)
Burn window opens: Feb. 5th, 4:00 PM UTC
Burn window closes: Feb. 7th, 4:00 PM UTC
Whitelist sale: Feb. 8th, 4:00 PM UTC — Feb. 09, 4:00 PM UTC
FCFS sale: Feb. 9th, 4:00 PM UTC
Raydium launch, token claims: Feb. 9th
We’re excited to work with Amun to provide the StarLaunch community the tools to safely diversify their stake in the Solana space. With the relative youth of the Solana ecosystem, the ease of use and accessibility of the Amun app will be a great asset for mass adoption!
About Amun
Amun is a creator of ecosystem index tokens, providing investors with access to various smart contract protocols across several top blockchains such as Ethereum, Polygon and Solana. Amun DeFi has developed partnerships and integrations with popular protocols representing tens of billions of total locked value (TVL).
Website || Telegram || Discord || Twitter || Medium
About StarLaunch
StarLaunch is a unique and dynamic incubator and launchpad, connecting promising Solana projects to early supporters and a network of key partners. The StarLaunch team operates by prioritizing its community first. Starlaunch brings thoroughly vetted projects to its community and protects IDO participants with an in-house insurance program.
