The MVD Community Whitelist is now closed!
What happens next?
- The list of whitelisted addresses can be found here
- Presale individual cap is 1,200 USD with a total hard cap of 240.000 USD
- The 200 MVD community slots will be able to purchase MVX at 0.80 USD per token
- If here are still some MVX tokens left unsold, wallets on the waitlist will move up.
MVD Community Presale details
- MVX Presale price: 0.8 USD
- Listing price: 1.0 USDC
- Whitelist slots: 200
- Individual cap: 1200 USD worth of MVD tokens
- Community hard cap: 240.000 USD
- Market cap at listing: 6 million USD
- Fully-diluted market cap at listing: 10 million USD
Completed 15. April 2022 13:00pm GMT: Whitelist opens / snapshot of $sMVD and $gMVD is taken. The individual MVX presale allocation will match the staked MVD (as $sMVD & $gMVD) held in the wallet (+rebase rewards till presale) to a maximum of 1200USD.
Completed 22. April 2022 13:00 GMT (1:00 pm): The whitelist will close once 200 slots have been taken, if not, the whitelist will remain open
23. April 2022 13:00 GMT (1:00 pm): Whitelisted presale opens (link to presale interface will be published), users deposit funds on Fantom.
30. April 2022 13:00 GMT (1:00 pm): Whitelisted presale closes, it will be closed earlier if the hard cap is reached. MVX tokens will be distributed on Polygon**
1. May 2022 13:00 GMT (1:00 pm): MVX will be listed on Uniswap using 500,000 of the USDC raised from the presale as initial liquidity paired with 500,000 MVX tokens.
**to make things easier, we will send 0,25 MATIC, enough for roughly 30 transactions to each wallet on Polygon
What happens after the presale:
30. April you receive your MVX tokens on your qualified/whitelist wallet on Polygon with 0,25 MATIC
What will happen to the MVD collected by the presale?
The collected MVD will be burned and the backing will be transferred to MVLP. The burning of MVD in return for a MVX presale allocation creates a WIN-WIN for MVD and MVX. This allows for a bigger presale allocation due to the transfer of treasury assets into MVLP. This gives extra utility to MVD and lowers the supply, while the treasury investment into MVLP grants additional earnings to the MVD treasury without negatively affecting the backing per MVD.
To participate, you will need to unstake/unwrap your tokens during the presale. You can swap your MVD at market price to MVX on the presale interface, which will be activated shortly before deposits start. Once all MVD are collected for the presale, they will be burned at once. The MVD backing will be deployed as a treasury investment into MVLP.
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