Thorus Launch: Here’s what you need to know!
We are now coming into the final 24 hours before listing! So this article will be a quick update to answer a few questions we’ve been seeing pop up.
Want to learn more about the Thorus platform before reading this article? Check this out first!
Important Dates and Times
The THO listing will take place on January 5, 2022 at 3 PM UTC. THO will be airdropped at a ratio of one THO per one WMT within 5-20 minutes of launch, depending on network congestion at the time.
Our dApp and farms might open today; however, farms will not produce rewards until 5 PM UTC January 5.
The initial farms will consist of the following pairs:
Single staking will be available at this time, but rewards will not start until 5 PM UTC on January 5.
STATIK will be available to mint 30 minutes after launch (January 5, at 3:30 PM UTC), with an initial limit of 8,000 units per individual transaction and 12,000 units per block. On the first day, we have extrapolated out what we believe to be a fair liquidity acquisition value to reduce the price impact on THO below 0.3% with a regression towards 0.2% to prevent excessive price swings that bots can arbitrage. You will have 1 hour and 30 minutes to mint your STATIK before rewards begin.
Bonds will begin to fill with rewards several hours after launch. After that, they will be regularly filled by outside oracles controlled by the team to ensure our Treasury becomes diversified, defensive, and aligned with longer-term yield strategies to provide both stability and expansion over time. This allows for our platform to be more adaptable throughout various market climates. After the initial 3-4 hour period, they will be open for bonding.
The initial bonds will consist of the following pairs:
- Single Bonded USDC
We will add more pairs after the bonding section has been filled with additional rewards.
In terms of initial liquidity, we have pulled together 400,000 USDC.e for the initial liquidity, paired with 350,000 units of THO. Together, this prices THO at 1.1428 USDC.e per unit at the launch time.
We expect a rapid price appreciation from here, so be sure to check your pricing impact if you wish to participate at launch. Furthermore, until there is ample liquidity in place, expect increased price volatility.
THO initial supply
All the non-migrated WMT tokens will go to the Reserve as well.
🌀 THO TOKEN (Thorus platform token):
🗿 STATIK TOKEN (Thorus stable coin):
🏡 THORUS MASTER:
🗃 THORUS STAKE:
🥌 STATIK MASTER:
🏦 STATIK WITHDRAWER (Peg Controller):
Thorus is an all in one cross-chain DeFi Platform with an adaptable treasury system, and a token holder first approach. All protocol functions are designed to reinforce this mentality. Each feature is part of an ecosystem that continually drives value back to the THO token, benefiting holders and stakers above all.
The project also aims to be amongst the first AMM’s with Protocol Owned Liquidity (POL).
If you have any questions or thoughts, please join us on our social networks!