First Cross-chain Stablecoin AMM on Polkadot Sirius Finance to Conduct IDO on DAOLaunch


First Cross-chain Stablecoin AMM on Polkadot Sirius Finance to Conduct IDO on DAOLaunch

Hey DAOLaunchers, this August on DAOLaunch we’re bringing to you Sirius Finance, the first Polkadot-native stablecoin AMM on Astar Network! With the mission to provide a stable, highly liquid trading platform for stablecoins, deep liquidity for connected protocols, Sirius is aiming to attract and lock tremendous value to facilitate more innovations and collaborations for Astar and Polkadot.

About Sirius Finance

Sirius Finance is a cross-chain stablecoin AMM, attracting and locking tremendous value with low-slippage trading costs, attractive APY for LPs on Astar Network, allowing for more financial innovations & yield enhancements for Astar users.
Ultimately, it serves as a low-slippage swap protocol connecting Polkadot, EVM-compatible chains and other major layer1 chains, expanding use cases from stablecoins to other similar valuable tokens.

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I. Token Information

  • Ticker: SRS
  • Token type: ERC20 (Astar Network)
  • Total supply: 1,000,000,000
  • Initial market cap: $108,000
  • Public sale price: $0.036
  • Vesting: 20% at TGE, then linear vesting in 5 months
  • Total raise on DAOLaunch: $50,000
  • TGE date: TBA

II. Tokensale schedule:

  1. Guaranteed Round: Aug 11, 10:00 UTC ~  Aug 11, 22:00 UTC
  2. Allocation increased for $DAL Stakers:   Aug 11, 22:00 UTC ~  Aug 12, 16:00 UTC
  3. Open to Anyone, FCFS: Aug 12, 16:00 UTC ~  Aug 12, 18:00 UTC

⚠️To secure your allocation, make sure to join guaranteed round from Aug 11, 10:00 UTC ~  Aug 11, 22:00 UTC, which lasts for 12 hours. It turns into FCFS for those who stake $DAL from Aug 11, 22:00 UTC.

III. How to join tokensales on DAOLaunch

For $DAL / $BUSD-DAL LP holders:

  • Stake a certain amount of DAL tokens or BUSD-DAL LP tokens as stated in the tier mode
  • From now on, DAL stakers will no longer have to fill out the guaranteed submission form to join the token sales.

*Only if there is any leftover from guaranteed allocation, will we increase the original allocation per person.

When the token sale starts, go to the dApp:

Further instructions from here:  How to join Tokensale

Go to dApp

IV. Staking for token sale

※You won’t be able to get IDO allocation just by holding DAL/DAL-LP, Please STAKE YOUR DAL / DAL-LP, and earn reward.
How to Stake DAL / DAL-LP ? Check out the instructions below:

Link :  DAL / DAL-BUSD

In order to guarantee an allocation for an IDO on DAOLaunch, users have to stake a certain amount of $DAL or BUSD-DAL LP tokens. Allocation varies depending on how much $DAL or LP tokens one stakes. The more tokens staked, the higher the tier. 

We will take snapshot user Staking balance randomly 24h-72h before IDO round opens.
Only users who stake more than 100 DAL / 80 DAL-BUSD can get guaranteed allocation.
※Do not unstake until you have confirmed you get IDO allocation
How to Buy DAL Tokens ? Check out the instructions below:


V. Disclaimer

Restricted regions: Afghanistan, Angola, Azerbaijan, Belarus, Bosnia and Herzegovina, Botswana, Burundi, Cambodia, Cameroon, Chad, China, Congo, Congo, The Democratic Republic of the, Cote d’Ivoire, Cuba, Eritrea, Ghana, Guinea, Guinea-Bissau, Haiti, Hong Kong, Iran, Iraq, Lao People’s Democratic Republic, Liberia, Madagascar, Mozambique, Myanmar, Nicaragua, North Korea, Pakistan, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Tajikistan, Trinidad and Tobago, Turkmenistan, Uganda, United States, Uzbekistan, Vanuatu, Venezuela, Virgin Islands, U.S., Yemen, and Zimbabwe.

About DAOLaunch

DAOLaunch aims to create an open and inclusive competitive environment for startup investment- the Decentralized Venture Capital concept.

DAOLaunch offers retail investors preferential investment conditions depending on their investment performance recorded on the blockchain. Recorded investments are not editable, as all negotiations are all on-chain. DAOLaunch investors can brand themselves as Decentralized Venture Capitalists and much like traditional VCs, they can negotiate more favorable investment terms.

DAOLaunch aims to change the structure of shady behind-closed-door investment deals to an open and more competitive deal structure that takes place on the blockchain. This will drastically shake up the startup industry.

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