Apr 8, 2022
Orcus Finance Launchpad: $ORU Token Sale Announcement
Get ready! (☄️,☄️)
Orcus Finance team is ready to name the exact date of the $ORU token sale event which will be held on Orcus Finance's own Launchpad on April 15th.
Orcus Launchpad
Orcus Finance is delivering the first Fractional-Algorithmic Stablecoin pegged to the United States dollar which is built on the Astar Network. Orcus Finance is an entirely decentralized and autonomous protocol with the native governance token which aims to be the first leading Fractional-Algorithmic Stablecoin issuer on the Astar network and to implement multiple useful financial tools and other synthetic assets in the ecosystem.
At the $ORU token sale, Orcus Launchpad uses the First Come First Serve model. The FCFS will ensure the sale of tokens under a specific limit, meaning once the target sale amount will be reached, the next buy attempts will be rejected automatically by the smart contract.
Token sale details
- Launch Date: 15.04.22 10:00 am UTC
- Time period: 48 hours
- Total Allocation: 50,000,000 $ORU
- Token Price: $0.05 (USDC)
- Max Deposit Per Wallet: $5,000 (USDC)
- Sale Method: FCFS
Vesting terms
- Claim 1 (20%): Immediately after the sale
- Claim 2 (20%): 2 weeks after the Claim 1
- Claim 3 (20%): 2 weeks after the Claim 2
- Claim 4 (20%): 2 weeks after the Claim 3
- Claim 5 (20%): 2 weeks after the Claim 4
Note: Claiming process is individual, meaning that the interval between claims (2 weeks) depends on the individual claim time of each user.
Afterword
The token sale will take place as a First Come First Serve using the limited sale cap, meaning that every participant has the same rights until the sale cap will be totally filled. Once the total sale cap will be filled or the token sale period will be finished, users will be eligible to claim their 20% $ORU contribution at the 1st claim and will open access to further claims over the next 2 months.
Orcus Launchpad will operate and service other project launches in step with the development of the Astar ecosystem while using the $ORU token directly to add extra utility.
NOTE: There is no $ORU token contract created yet, please follow the announcement at our Discord server to be up to date once the official LP pair will be created
