Egoras ZENDIT: Announcement + Participation & Pool Details
$EGR Pool Opens Thursday, June 3rd, 10:00 AM UTC
While many projects like to promote their platform’s ability to “be your own bank”, there is still a lack of projects focusing on the 1.7 billon people who are unbanked in emerging economies. That is why we are extremely excited for our next ZENDIT partner Egoras! Based out of Nigeria, the Egoras team aims to continue the four decades of work of Mohammad Yunus in Bangladesh and the Grameen Bank to fulfill the promise of microfinancing in drastically reducing poverty. DeFi innovation for a deserving cause, Egoras’s $EGR token looks to revolutionize micro financing for the underserved with their token’s journey beginning on ZENDIT!
Snapshot Taken Monday May 17th, 10:00 AM UTC
Whitelist Closes on May 18th, 2:00 AM UTC
Whitelist Winners Announced May 19th 12:00 PM UTC
$EGR Pool Opens Thursday, June 3rd, 10:00 AM UTC
What is Egoras?
- The Egoras token (EGR) is a governance cryptocurrency used to govern Egoras microfinance protocol and to facilitate the stability of the EUSD, a stable cryptocurrency that can be held and spent like the United States Dollar and other stable fiat money.
- Egoras will be governed by the Egoras DAO whereby users can vote to increase or reduce the interest rate and they are also incentivized as they participate in these processes. In a decentralized autonomous organization, no company fixes outrageous interest or declines loan requests. The users vote the interest rate of their choice and they also vote in the approving and declining of loans.
- Egoras has been creating awareness by providing short-term loans within their financial capacity since September 2020 to date and their loans with business entrepreneurs range from retail/bulk selling, agricultural and industrial productions.
- The activities employed by Egoras will include underwriting and appraising applicant’s loans since Egoras already have experience in the planning and implementation of the loans and their evaluations.
- Loan evaluations will be produced at the end of every quarter/ yearly by Egoras and will be based on the asset on ground, cash flow projection, business implementation strategies, project progress report, and benefit of the project to all/ public.
*UPDATE — Tier 4 KILIMANJARO requirements are expanded to include staking 15,000 OM (sOM) in on our old V2 pool or our new V2 pool (sOM), or supplying 15,000 OM (zenOM).
Sherpas who meet these participation requirements will be eligible to enter the highest participation tier they qualify for on a per-wallet basis. One wallet can only participate in one tier and cannot participate in multiple tiers.
Our participation tiers for ZENDIT from highest to lowest are:
Tier 1 EVEREST — Supplying 50,000 OM on ZENTEREST (zenOM)
- Max Allocation Amount: $2000
Tier 2 ACONCAGUA — Staking 40,000 OM on our old V2 pool or our new V2 pool (sOM), or supplying 40,000 OM on ZENTEREST (zenOM)
- Max Allocation Amount: $1600
Tier 3 DENALI — Holding 30,000 OM in your wallet, staking 30,000 OM (sOM) in on our old V2 pool or our new V2 pool (sOM), or supplying 30,000 OM (zenOM)
- Max Allocation Amount: $1200
Tier 4 KILIMANJARO — Holding a “100M OM Staked” NFT OR staking 15,000 OM (sOM) in on our old V2 pool or our new V2 pool (sOM), or supplying 15,000 OM (zenOM)
- Max Allocation Amount: $800
Tier 5 ELBRUS — Holding a MANTRA DAO PolkaPet
- Max Allocation Amount: $400
Round Tier and Terms:
*Important - Please note that there will be two rounds with different price and terms. You will only be able to pick and enter one pool.
- Round Tiers: Private Round B & Public Round Tokens
- Round Terms: Private Round B: 25% Unlocked on TGE same day at 12 PM UTC with subsequent 25% of tokens unlocked every month for 3 months| Public Round Tokens: Fully unlocked on TGE
Egoras ZENDIT Pool Details
- Token Ticker: $EGR
- Token Type: BEP-20
- Total Raise Amount: $200,000
- Total Available Tokens: 2,714,932.12 EGR
- 2 Pool Types: Sherpa Private Round B & Sherpa Public Round
- Asset Pool Pair: BUSD/EGR
- Total Pool Raise : Sherpa Private Round B: $100,000 | Sherpa Public Round Pool: $100,000
- USD Token exchange offering Price: Private Round B: $0.065| Public Round: $0.085
Instructions for Whitelisting
- Join the Egoras Telegram community: https://t.me/egorasmarket
- Follow MANTRA DAO and Egoras on Twitter:
https://twitter.com/egorasmarket & https://twitter.com/MANTRADAO
- Like the announcement tweet of the Egoras token launch on ZENDIT on the Egoras Twitter page and retweet!
4. Final step, complete this entry form before May 18th, 2:00 AM UTC
After the whitelist closes at 2:00 AM UTC on May 18th, we will be randomly picking a limited number of Sherpas for each tier who will have access to the pools and will be announcing the winners’ ERC-20 wallet addresses via our Twitter and Official News and Announcements on May 19th 12:00 PM UTC.
Please note that even if you are randomly selected to access the pool this does NOT guarantee you have an allocation and you will need to act fast in order to take part in the pool!
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
Egoras microfinance protocol provides uncollateralized micro-credit to small entrepreneurs and enterprises who cannot take shelter of banks for banking and other services.