IBCO Pre-Launch Update — only 5 days to go
Dear Standardians ;),
The ultimate stablecoin protocol is poised to launch with only 5 days to go!
The market has taken a beating in the last year, with the LUNA collapse and FTX spectacularly imploding. It hasn’t been ideal market conditions for all involved in the space. However, this has helped us keep our heads down and steadily build the protocol the right way. This has further confirmed the need for a protocol with the key fundamentals of radical transparency and over-collateralization without users losing custody of their keys. TheStandard.io is dedicated to deploying non-custodial decentralized solutions.
We are building the ultimate decentralized stablecoin protocol, and we welcome you to join us!
The sEURO, is our first overcollateralized asset-backed stablecoin to be released with the IBCO on November 28th.
Get first dibs on the sEURO and check out how you can generate immediate returns and receive additional rewards with our referral program if you haven’t done so already, as we are getting close!
https://www.thestandard.io/ultimate-defi-referral
Important survey to help us (it only takes 30 seconds):
IBCO Explained
How it works
The IBCO has three stages that will be available at the same time.
STAGE 1: INITIAL DISCOUNT CURVE FOR sEURO
Users can buy sEURO at a massive discount starting at 80 cents. As more liquidity comes into the pool, the discount will become less until we reach a 1:1 peg.
This starts on November 28th, 2022
The sEURO is only considered a stablecoin once the Stage 1 discount reaches 1:1. At that point, one sEURO will command one EURO of any other asset.
STAGE 2: INITIAL BONDING CURVE (LIQUIDITY BOND)
While users wait for the sEURO to reach parity with the EURO, they can already experience the full EURO value by buying a liquidity bond with the sEURO they just purchased.
Users commit the sEURO they received in stage 1 with an equal amount of USDC; they choose a maturity date. 7 days, 30 days 90days, 180days and 365 days. The longer the maturity date, the higher the yield of the bond.
This bond is paid out in TST and enables the user to receive the membership tokens early at a great price. This process rewarded users for helping the protocol over-collateralizing and providing deep liquidity to the stability pools.
STAGE 3: STAKING TST
The DAO will vote on deploying the protocol-controlled value collected in stages 1 and 2 for the safest and highest yield. The yields of this pooled fund will initially be rewarded to TST stakers and later help the protocols treasury for R&D, marketing, and expansion.
The Reward Program
If you want exclusive prizes and early access to the sEURO, join our referral program for a chance to get your hands on rare NFTs, our governance Token, TST, and more!
How Does The Referral Program Work?
The higher your position on the leaderboard, the better the rewards. Top performers will even receive tokenized physical gold! Earn points to secure your position in the rankings with waitlist referrals and other activities.
(Note: Rewards are conditional to IBCO participation. Appropriate airdrops are given after a user has committed more than 1K euro (made up of sEURO and USDT) of liquidity in stage two of the IBCO. TST is valued at 8 cents per TST. A maximum of 1.45 million dollars worth of TST is allocated to this airdrop.)
If you have already joined the program, make sure to refer to friends to have a chance to receive better rewards! And if you are planning to participate in the IBCO but haven’t signed up yet, what are you waiting for?
Join us in our mission to change money, and change the world!
Your Feedback
The Standard Participation Poll
This anonymous poll will help us understand what the DAO can expect from the release of the first stablecoin sEURO and the bonding curve offering.
Please be honest as possible, as it will help the team plan, and there is no right or wrong answer.
Thanks for your continued support!
