Introducing Punk Protocol Fair Launch
https://app.punk.finance/fairlaunch
We are opening up the Fair Launch with over 1,000% of minimum APY and
have decided to allocate 75% of the total supply of Punk tokens as a community incentive to preserve true decentralization and acquire liquidity.
Punk protocol successfully launched the service on testnet and showed users’ enthusiasm with over 4,000 transactions while participating in Gitcoin Hackathon GR10 as a core sponsor. A number of users put their efforts into the activity and it brought great results of diverse investment strategies and open-source-based code.
We’re dreaming these days that bankless people living in the Third World are buying crypto and investing in Punk Protocol to receive a juicy payout every week. Now it’s time to make it a reality by bringing this energy and the efforts of the open-source community to the mainnet.
⏳ Fair Launch Schedule
- Starting Date: August 10th 00:00 UTC
- Closing Date: August 27th 00:00 UTC
Check the Fair Launch countdown here.
🏆 Fair Launch Rewards
Punk Token, the governance token of Punk Protocol, will be distributed to the event participants as follows:
- Over 70% of the initial supply — 210,000 PUNK is allocated.
- During the Fair Launch, three types of stablecoin pools will be available — DAI, USDC, and USDT.
- Since the cap of each pool increases with time, users who joined in the earlier stage will be able to receive the 🔥Highest APY🔥
- The amount of the rewarded PUNK depends on the amount you deposited, the total time of deposit, and the total amount of tokens in each pool.
🗝 How to Join the Fair Launch
- Only $3 Million will be available in each pool initially.
- Deposit your stablecoin into Fair Launch Pool starting from August 10th.
- You can withdraw your stablecoin whenever you want. — 1% service fee will be charged when you withdraw
- You can claim your rewarded PUNK after completion of the Fair Launch.
📜 Initial Supply of $PUNK token
- Initial Circulating Supply: 297,500 PUNK — Consisted of 210,000 PUNK for Fair Launch + 87,500 PUNK for Ecosystem Fund (Gitcoin GR10 Hackathon and Early Developers, Bug Bounty, Providing Liquidity, Partnerships, Fair Launch Referral Program, and Marketing, etc.) within an initial market cap; $5,950,000.
- To take a detailed look at the token distribution, click here.
🐣 What’s NEXT
Punk protocol aims to be an open-source protocol where all developers can take part in. We have attained diverse strategies compatible with various protocols such as Aave, Idle Finance, BarnBridge, and Curve Finance through Gitcoin Hackathon for the past month.
Going through the optimization and test phase, BTC and RAI investment model will be released in the near future.
A special thanks and shout out to the cool developers! 🦾
@shota-masuda-onibakuchi — Punk x BTC Yield Strategy
@0xb0x — Punk x Aave Yield Strategy
@nanonsen — Punk x BarnBridge Yield Strategy
@realdiganta — Punk x CurveSNX Yield Strategy
Join Punk.
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