Exclusive $BRRR token sale on Boca Chica Mars
Boca Chica Mars relentlessly continues the trend of hosting the most promising NEAR based projects. This time we have arguably one of the most crucial ecosystem cogs in the NEAR Blockchain machinery — Burrow.
Unlike the typical Sale hosting that we have done in the past, this time Boca Chica team FARMED the allocated Burrow tokens directly from the https://app.burrow.cash/
We are giving our community members an opportunity to be one of the first holders of Burrow!
Burrow
Burrow is an interest rate market protocol built on NEAR that will allow users to supply and borrow interest-bearing assets. Burrow positions itself as a next-level lending protocol that unlike competitors will allow users to take full advantage of the interest-bearing assets!
What Burrow Does
- Unlocks yield from the base layer
- Unlocks yield across chains
- Enables self-paying borrows
The beauty of Burrow is that it unlocks base layer risk-free rates. On top of that thanks to composability users won’t need to choose between base layer rates and other DeFi rates.
Far more information regarding Burrow and its undoubtedly unique set of features can be found here: https://burrowcash.medium.com/the-advent-of-decentralized-finance-defi-will-fundamentally-alter-the-world-of-financial-products-eab189d961c5
Burrow has also recently confirmed a closure of the 5 million $ fundraising round with one of the industry-leading VCs such as Dragonfly Capital, Jump Capital, Lemniscap, MetaWeb and more (https://medium.com/nearprotocol/near-native-money-market-burrow-raises-5m-from-dragonfly-parafi-and-jump-a5994f8c5cc).
Upcoming Sale on Boca Chica Mars
The Burrow sale is scheduled to happen on April 8th.
There will be 3 Rounds in total (conducted in the traditional, old Boca Chica style):
USDT 1st Round: Start 8th April; 12:00 UTC. Finish Date 8tg April 13:00 UTC
- Type — FCFS; Amount Round
- Total to be fundraised — 5000 USDT
- Allocations — Minimum is 20 USDT; Maximum is 100 USDT
- TGE — on 15.05.22 (without vesting)
- NEAR Stake is NOT required
- Exchange Rate — 1 USDT for 1 BRRR
USDT 2nd Round: Start 8th April; 13:00 UTC. Finish Date 8tg April 14:00 UTC
- Type — FCFS; Amount Round
- Total to be fundraised — 7500 USDT
- Allocations — Minimum is 20 USDT; Maximum is 100 USDT
- TGE — on 15.05.22 (without vesting)
- NEAR Stake is NOT required
- Exchange Rate — 1.5 USDT for 1 BRRR
USDT 3rd Round: Start 8th April; 14:00 UTC. Finish Date 8tg April 18:00 UTC
- Type — Subscription Round; Proportional Distribution
- Total to be fundraised — 20000 USDT
- Allocations — Minimum is 20 USDT; Maximum is 500 USDT
- TGE — on 15.05.22 (without vesting)
- NEAR Stake is NOT required
- Exchange Rate — 2 USDT for 1 BRRR
Burrow Tokenomics
Here you can find tokenomics of Burrow https://burrowcash.medium.com/a-high-level-overview-of-brrr-tokenomics-b9b12abec3b6