Orion Money Launching on Pylon Gateway

Pylon Gateway is excited to announce the launch of Orion Money via Pylon Pool on November 1, 2021 13:00 UTC.

Pylon Pools are a “lossless” method to earn tokens where users can stake UST, receive ORION tokens over time, and retrieve their full UST deposit at the end of the vesting period.

There will be one Pylon Pool with a 12 month vesting period in which 650,000 ORION tokens are distributed pro rata to the total amount of UST staked. This means that early depositors receive more tokens early on, while still allowing late-comers to join in whenever they want.

The Pylon Pool for ORION will be open for deposits on November 1, 2021 13:00 UTC, while tokens will start accumulating on November 2, 2021 13:00 UTC, to give a fair chance for anyone who wants to deposit within the first 24 hour period.

ORION tokens will be linearly claimable after one month of post-token distribution, that is, from December 2, 2021 13:00 UTC. The UST deposited will remain locked until vesting period expiry.

There will be a requirement for users to be staking 1000 MINE in order to make any deposits into the Pylon Pool for ORION.

Given that ORION tokens are currently in circulation, the fluctuating annual percentage rate (APR) will track current market prices of the ORION token.