LEVER Launches Trading on Binance | 721.5M RAMP Burned
LEVER Launches Trading on Binance!
We are happy to share that as of 13th July 2022 04:00 UTC, the LEVER token has launched on Binance for trading!
Users can now trade the following spot pairs on Binance:
The LEVER (ERC20) token address is:
Token Swap Portal: Swap RAMP for LEVER
Users who are holding ERC20-RAMP tokens on-chain can swap at the following Token Swap Portal:
For users who wish to interact directly with the contract, the token swap contract address is:
- The RAMP to LEVER token swap is one-way only and irrevocable.
- The on-chain token swap takes place on Ethereum only.
- There is no deadline for the token swap to be completed. Users can swap anytime.
For more information, please refer to the RAMP to LEVER Token Swap Guide:
13 July 2022: 72.2% of RAMP Total Supply Burned
Prior to the LEVER trading launch, a direct token swap has been conducted with exchanges, market partners and genesis wallets.
As at 13 July 2022 03:00 UTC, a total of 721,542,011 RAMP (~72.2% of RAMP total supply) have been burned into the 0x000..001 address.
Going forward, when users execute a swap via the Token Swap Portal, any RAMP tokens sent into the token swap contract are automatically sent into the 0x000..001 burn address.
This means that RAMP<>LEVER liquidity is always exchanged back-to-back, and there will not be double inventory.
Users can track the progress of the RAMP token swap live here:
18 July 2022: 82.3% of RAMP Total Supply Burned
We are happy to share that as at 18 July 2022 10:00 UTC, a total of 823,320,081 RAMP (~82.3% of RAMP total supply) have been burned into the 0x000..001 address.
This means the majority of users have already swapped over from RAMP to LEVER. Some users may not have swapped for a variety of reasons, including the use of RAMP for rUSD borrowing, or RAMP liquidity provision on various DEXs including PancakeSwap and Uniswap.
There is no deadline set for users to swap RAMP for LEVER, so users can continue using RAMP for their DeFi activities until they choose to swap in the future.
LEVER Circulating Supply
The LEVER circulation supply can be calculated by taking the total supply of 35,000,000,000 LEVER tokens and subtracting the tokens held in the following wallets:
- Farming Reserves: 0x9952401dc02b7332e709c2c7a6b8d5a5819272d7
- Protocol Reserves: 0x162ceBe7eFe040C16001656e9a10B5EE7FDd06A7
- Team and Advisors: 0x7331c2363bfaFa459A09C8c8a694911208Cb680F
- TokenSwap: 0xe51bbd1AD216bBa7dC7e98209fD37238DfCb5a9c
As at 8 August 2022 10:00 UTC, the circulating supply sits at 13,400,878,206 LEVER (~38.3% of total supply). The LEVER circulating supply is lower than the pre-swap RAMP circulating supply of ~47.8% as not all users have swapped their tokens.
Live LEVER circulating supply data is available via API at: https://api.leverfi.io/circSupply
Join the LEVER Community
Backed by world-class investors, LEVER delivers innovative DeFi solutions across liquidity management and leveraged trading for Web3 end users.
LeverFi offers a unique platform for traders to yield farm, earn and leverage trade in size at the same time. With the broad DeFi revolution inevitable, LeverFi is uniquely positioned to offer a market-leading leverage solution to power the rapid growth in DeFi.