Athena Finance: Public Sale and Launch Details
Interested in participating in the public sale for ATH and launch of Athena Finance? The sale starts May 30th and our protocol launch comes 48 hours later!
Public Sale: Hybrid IDO Model
We’re bringing a new approach to the initial DEX offering (IDO) landscape with our hybrid model. As part of the Athena Finance public sale, users will not only receive Athena tokens (ATH), but also liquidity pool (LP) tokens. This strategy aims to bootstrap our liquidity, ensuring a stable and secure launch for the ATH token.
Public Sale Details
- Starts May 30th at 4pm UTC and lasts 48 hours
- Protocol launches and liquidity available: June 1 at 4pm UTC
- 15 million ATH tokens for sale with a 10% bonus for the first $225,000 raised
How to Participate
You’ll be able to participate in the sale on the METIS network, and utilizing m.USDC:
- Bridge to METIS from Ethereum utilizing their native bridge (first time users will receive an airdrop of METIS for gas) or from other networks using a bridge like Synapse (you will receive METIS for gas if you choose to do so on Synapse).
- Head to https://athenafinance.io/ido and connect your wallet.
- Deposit the amount of m.USDC you would like to use for purchasing.
- After the sale ends (June 1 at 4PM UTC) you will be able to return and claim your tokens.
Tokens for Sale
We are offering a total of 15,000,000 ATH tokens, which represents 15% of the total supply.
Bonus Offer
To make this opportunity even more exciting, the first $225,000 deposited will receive a bonus of 10%. Don’t miss your chance to get more for your contribution.
Fully Diluted Value (FDV)
The FDV of our token will be dynamic based on price with a minimum FDV set at $1.5 million. This translates to an initial price of $0.015 per token. If the amount raised exceeds $225,000, the token price will rise linearly with deposits. If the amount raised does not meet the goal any excess tokens will be allocated to our liquidity mining program.
Rest assured, every participant will receive the same token price, fostering a fair ecosystem.
Tokens Received
On a $100 deposit, users can expect to receive a mix of ATH tokens, ATH-METIS LP tokens, and locked ATH tokens as follows:
- $25 in ATH tokens
- $25 in locked ATH tokens, which will begin to unlock after the token goes live, following a 4-week unlock period similar to Vector token’s model
- $50 in ATH-METIS LP tokens, locked for 2 weeks
- An additional bonus of $10 in ATH tokens if the deposit is within the first $225,000.
Protocol Launch
After the 48-hour public sale, Athena Finance protocol will officially launch and start aggregating the HUM token. With this launch, users will have the ability to convert their HUM tokens into xHUM, stake them for protocol revenue, and receive emissions of the ATH token.
At launch users can also deposit their stablecoin funds and receive boosted yields for providing liquidity on the Hummus exchange. Stablecoin deposits will receive boosted yield from our locked HUM and the veHUM it accrues. You can expect the best boosted yield from Athena!
Learn More about Athena
Interested in learning more about the team behind Athena Finance and what we’re building? We’ve collected a number of our previous posts below:
Conclusion
The Athena Finance public sale and protocol launch present a golden opportunity for DeFi enthusiasts and investors to participate in a pioneering project.
With a unique hybrid IDO model, we’re not only redefining token launches but also aiming to create a more balanced and rewarding DeFi landscape.
Mark your calendars for May 30th and join us in the dawn of a new DeFi era with Athena Finance on METIS!
