SHITZU will join NEARIA via crowdsource swap
Dear NEAR community,
NEARStarter and SHITZU Community have been longstanding friends.
SHITZU Community joined the ranks of NEARStarter DAO-of-Guilds back in August 2022. Since then, they have been loyal allies, participating in joint AMAs, crossword puzzles, and other marketing activities such as the Great Reef, 7 Oceans, and Threadooor contests.
NSTART token
$NSTART token, the native token of NEARStarter, launched on 13 January, and it is currently tradeable at Trisolaris:
- NSTART Token (Aurora ERC20): https://aurorascan.dev/token/0x06aebb0f3d9ebe9829e1b67bd3dd608f711d3412
- NSTART / USDC Trisolaris pool:
NEARIA Index Pool
The second component of NEARStarter is NEARIA. You can check how it works below.
In a nutshell:
The NEARIA token is an indexed exposure to every project token, which has held an IDO on the platform. It is akin to an ETF in traditional finance.
Each project undergoing an IDO in NEARStarter contributes tokens to the NEARIA pool. Other partners of NEARStarter that want to be represented in the Index can join and be part of the NEARStarter DAO too. Such is the case of JUMP DeFi and Trisolaris, who have given $JUMP and $TRI, respectively.
NEARStarter members can farm NEARIA tokens via $NSTART staking.
$NEARIA has a final supply of 100,000,000 $NEARIA tokens that is released over a 10-year period with a per-epoch decreasing emission rate, using an sqrt function:
SHITZU <> NSTART crowd-swap to feed NEARIA Index Pool
NEARIA is in a quest to represent accurately the vastness and diversity of the NEAR & Aurora ecosystem. As such, it would like to see SHITZU among its index components.
However, SHITZU is a completely decentralized project, and all the tokens are in circulation.
Therefore, unlike other teams like JUMP DeFi and Trisolaris, with which NEARStarter has entered into a token swap from treasury / ecosystem / DAO token reserves, in the case of SHITZU there is no centralized entity to do so.
Therefore we are excited to kick off a crowdsource swap so NEARIA is able to gather between $2000 and $3000 of SHITZU tokens and Shitzu project is a member of the index.
- A crowdsourcing campaign will be open until 1st February, 12:00 UTC.
- Any SHITZU holder with a minimum of 500k SHITZU (~50 USD as of current prices) can send their SHITZU to the following address: 0x078C14786ae9F1eD988CF6873e98e8221279a530
- The same USD value will be sent in the form of $NSTART by the end of the campaign (price of SHITZU on 1st Feb 12:00 UTC will be taken from https://www.defined.fi/aur/0x5e74d85311fe2409c341ce49ce432bb950d221de and price of NSTART on 1st Feb 12:00 UTC will be taken from https://www.dextools.io/app/en/aurora/pair-explorer/0x4bf2892ebd69173b9ac98ee6899de047583d24c6 )
- Non-qualified senders (send any other token, or a value below 500k SHITZU), will be refunded.
The NEARStarter team is excited at the prospect of innovating yet again thanks to our Shitzu friends. A “Near & Aurora ecosystem” index pool, a crowd-swap… are features that we believe have not been explored yet in the industry 😊 LFG.
