π§$KRON LGE
Conditions
β§ Start of sale: TBD
β§ End of sale: TBD
β§ Duration: 10 days
β§ Soft Cap: $250,000 USDC
β§ Tokens for sale: 1,000,000
β§ Price/token (Soft Cap): $0.25
β§ LGE sale FDV (Soft Cap): $2,000,000
β§ Vesting: 25% unlocked at LGE, with 75% linearly vesting for 2 months starting 3 days after LGE
β§ Launch price (Soft Cap): $0.3333
β§ Launch FDV (Soft cap): $2,666,667
β§ Discount to launch: 25%
β§ Wallet LGE cap: 500k USDC
β§ Wallet LGE minimum: $125 USDC
Liquidity Generation Event (LGE) will last eight days. Users who deposit USDC into the LGE contract will receive a proportional share of the LGE allocation (1,000,000 $KRON). Claimable $KRON will be based on the share of the total deposits at the end of the LGE.
The soft cap will be $250,000. Once the raised amount exceeds the soft cap, the price discovery phase starts. During this period, the price of each $KRON will increase with each purchase made. At the soft cap ($250,000), LGE participants will receive 33% more tokens than they paid for.
Percent unlock and vesting terms are the same for both Seed and LGE participants. 25% will be unlocked and immediately claimable after LGE and 75% will have a linear vest 2 months, starting three days after LGE.
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