Quoll Launch Plan, WOM Rush Party, and Tokenomics
WEN launch？WEN Party? WEN Tokenomics? These are the top questions from the community. This article will answer you!
Launch Plan
Finally, we are excited to announce that Quoll Finance will launch after IDO. The road to happiness is always not that easy because many problems should be figured out to maintain a sustainable product.
Quoll is very honored to do the IDO on Impossible Finance. They are one of the top launchpads on the BNB chain with large groups of KYC investors. And they have lots of successful IDO cases.
The IDO will be from 2 PM, 1st Nov (UTC) to Nov 2 PM 2nd Nov, (UTC). More info about the IDO can be found on this page of Impossible Finance. Users need to either stake IDIA token or be whitelisted to participate in the IDO. Some of the whitelists will be allocated to the Quoll Community, stay tuned!
Quoll Finance will fully launch on the BNB chain after IDO on 3rd Nov at 10 AM (UTC). The features will include:
- Homepage, Doc Page;
- WOM token convert/stake;
- QUO token stake;
- Main Pools, Side Pools, BNB Pools.
And there are 2 liquidity pools live with the full launch of Quoll,
- QUO/BUSD on Pancakeswap
- qWOM/WOM on Wombat Exchange
WOM Rush Party Campaign
As we have said so many times, we believe in contribution and sharing. So all the campaigns will be weighted toward earlier supporters, the earlier you contribute to the community more rewards will be given. Quoll always welcomes new community members and we also want to appreciate the OGs. The WOM Rush Campaign will follow this spirit as well.
It will last for 14 days and contains 3 stages. Each stage allows a maximum amount of Wom conversion. If we hit the target amount of WOM before the ending time of a certain stage, we will move to the next stage.
What should you do to win QUO rewards?
1/ Convert WOM to qWOM
2/ Stake qWOM before the campaign ends
Campaign Rules：
- The QUO reward will be given after the campaign ends. Do not unstake your qWOM before the reward claim time, or the extra QUO reward won’t be given.
- The QUO reward will have a unlocking schedule, at TGE, 10% will be unlocked and claimed. Rest will follow a 360 days linear vesting schedule, but claim will be enabled on day 90, which means on day 90, you can claim another 22.5%. And after day 90, the token will be unlocked and claimed every day.
- Besides the normal unlock schedule, Quoll has adopted an innovative Staking Boosting Model which will accelerate the unlock speed by staking more qWOM with longer time. The unlocking schedule of QUO reward will follow the Staking Boosting Model, basically more qWOM staked with longer time will accelerate the unlocking speed of QUO reward. Here is a comparison between the normal unlock and unlock with Staking Boosting Model:
If you want to learn more about the Staking Boosting Model, please check here.
How we differentiate from others
Quoll Finance prioritizes the highest level for the product and community. In homage to Curve/Convex who first introduced this model, we inherited the similar veToken mechanism but invented an improved form of the system. We are more than a yield optimization and automation protocol.
Seamless Multichain Experience
The existing multichain solutions require users to switch between blockchains to bridge assets and deposit on the new blockchain, which tends to be complicated and causes a lot of friction. Quoll’s multichain infrastructure will facilitate users from different blockchains to deposit into Wombat with only “one-click”. This will be a killing feature that will help Wombat to easily approach wider audiences.
Release the full power of governance
Governance is a key pillar of decentralization in that it gives the community right to decide the future development of the protocol in a decentralized manner. Wombat and Quoll will release the full power of governance. Quoll will create the most efficient and best user experience bribe platform to bring the governance war to the BNB chain. It will add more value to both WOM and QUO token holders. On the other hand, it gives opportunities to more innovative projects to build their use cases and liquidity at a lower cost.
Make good use of treasury
It has been seen that lots of projects don’t know how to make use of their treasury. We believe the treasury has a big potential to grow and will bring tremendous value to our governance token. We would like to support innovative projects built on top of Wombat and Quoll. The ultimate decision will be made by a DAO formed by our core members.
More info about this, please check here.
Tokenomics
Quoll Finance is aiming to build a community-driven and owned protocol. The introduction of QUO serves this purpose, enabling shared community ownership and a dedicated governance system, which will actively guide the protocol to the future. And the issuance of QUO to participants allows the bootstrap of the system by incentivizing the early adopters, as well as facilitating the long-term sustainability of the protocol. Therefore, Quoll’s governance token distribution is heavily weighted toward the community.
QUO as the native token of the platform can be used for:
- Voting on the platform governance;
- Voting to decide the reward emission on Wombat Exchange;
- Stake/lock to capture the protocol fee.
Check more detail about tokenomics.
About Quoll Finance
Quoll Finance is a veToken aggregator aiming to boost the DeFi ecosystem on BNB Chain. It will leverage intercosmic cross-chain infrastructure to attract liquidity and users from other blockchains. Quoll Finance will start with integrating Wombat Exchange and extend to multiple protocols.
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About Impossible Finance
Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair and accessible crypto opportunities. We simplify DeFi so you can enjoy fairer investing, cheaper trading, and better yields through our accelerator, launchpad, and swap platform.
