Once live, the auction will be accessible here: https://copperlaunch.com/auctions/0x89d4A55ca51192109BB85083fF7d9A13ab24C8a1
Please also read:
- TEMP Fair Launch FAQs
- TEMP Tokenomics
- TEMP Fair Launch — How to Guide
TL;DR
We’re excited to announce that the core native governance token of Tempus will launch through a Balancer LBP via Copper:
- Approximately 70M TEMP tokens available for sale
- Starting price of $0.51 per TEMP, declining gradually over the course of 48 hours
- Participate with USDC
- Early participants may be whitelisted to mint Tempus Sers NFTs
- The auction starts on Tuesday 16 November 17:00 UTC
We’ll be hosting a series of AMAs later this week to answer any questions related to the token launch. We’ll also be sharing a guide on how to take part in the token launch on Friday 12 November, so be sure to follow us on our social media channels.
Key Upcoming Dates
- Friday 12 November — Guide on how to access the token launch on Copper published on Medium
- Tuesday 16 November — Token Launch is live!
- Ongoing — Tempus team available on Discord and Telegram for questions
Background
Tempus is a DeFi protocol built for AMM-powered interest rate swaps, supported by Lemniscap, Jump Capital, Distributed Global, GSR, Wintermute, Tomahawk.VC and others.
Using Tempus, users can obtain capital-efficient fixed yields backed by variable staking or lending yields. For example, Tempus will be the first protocol to release fixed-rate ETH 2.0 staking via Lido. Tempus will also integrate with Compound, Aave, Yearn, and Rari Capital. Tempus is live on testnet and is planning on launching on mainnet in the next few weeks.
Auction Details
Tempus will be using an LBP to distribute approximately 7% of the total token supply of its governance token TEMP, in a pool, running from Tuesday 16 November to Thursday 18 November.
For more information on the Tempus protocol tokenomics, you can read our latest Medium article here.
The LBP will start at a pool weight of TEMP : USDC = 90 : 10 and will gradually shift on a linear step-down to TEMP : USDC = 10 : 90 over the period, creating downward pressure on the price. The starting price of TEMP will be $0.51.
The LBP will start at 17:00 UTC, and last for a duration of two days.
Auction start: Tuesday 16 November 17:00 UTC
Auction end: Thursday 18 November 17:00 UTC
TEMP Contract: 0xa36fdbbae3c9d55a1d67ee5821d53b50b63a1ab9
Price Disclosure and Tokenomics
Please see below for some relevant details related to price disclosure and team vesting schedule:
- The last Tempus private raise was completed in November 2021 — with a fully diluted valuation of $125M or $0.125 per TEMP token. The round included 30-month vesting and other commitments.
- See our Tempus Tokenomics blog post for a chart of TEMP token allocations.
Team has a 3-year vesting schedule and investors have a 2.5 year vesting schedule.
Early participants will have a chance to be whitelisted for Tempus Sers NFTs. At Tempus, our community comes first and that is why those who buy more than 10,000 TEMP in the first 8 hours of the auction will be whitelisted at random for 1 NFT each. The final NFTs of the Sers collection will be allocated this way.
Next steps
We will soon be publishing a step-by-step guide on our Medium on how to take part in the token launch on Copper and will be holding multiple AMAs and podcasts later in the week. In the meantime, you can find our upcoming token sale listed here, where you will be able to join the auction once it goes live next Tuesday!
You can also find out more about Tempus more generally and connect with us at the following links:
Website: tempus.finance
Docs: docs.tempus.finance
Discord: discord.tempus.finance
Medium: medium.tempus.finance
Twitter: twitter.tempus.finance
Github: github.tempus.finance
Prohibition on participation
Prohibited from participating in the distribution: Any citizen of, or a person domiciled in Cuba, Iran, Syria, North Korea, and the Crimea region of Ukraine, United States, Afghanistan, Ethiopia, Guyana, Iraq, Sudan, or Yemen.
Disclaimer
The information provided in this article is provided for informational purposes only and does not constitute, and should not be construed as, investment advice, or a recommendation to buy, sell, or otherwise transact in any investment, including any products or services, or an invitation, offer, or solicitation to engage in any investment activity. You alone are responsible for determining whether any investment, investment strategy, or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance. In addition, nothing in this article shall, or is intended to, constitute financial, legal, accounting, or tax advice. We recommend that you seek independent advice if you are in any doubt.
