Project details
Decentralized asset backed and meme-backed reserve currency protocol (OHM fork) on Dogechain.
DETAILS
- Launch Details
- Token will launch on Kibbleswap
- Token pair: wsOHMD/WWDOGE
- Launch price: $2
- 7,500 wsOHMD allocated for liquidity. Initially the liquidity pool will have 900 wsOHMD tokens on launch, then the liquidity manager adds more wsOHMD over time until all 7,500 tokens are added.
- Initial market cap: $20,000
- 8% sell tax
- Mechanics & Features
- Wrapped Staked Olympus Doge (wsOHMD) is the native token
- Staking – Users stake wsOHMD and earn wsOHMD rewards at 18,032% APY
- Rewards auto-compounds (rebase) every 8 hours
- Bonding – Users can exchange tokens (e.g. wDOGE, USDC) for discounted wsOHMD, via the dApp. Bonded wsOHMD tokens are vested linearly over 5 days
- Discounted wsOHMD received can be sold on the open market or staked to earn more wsOHMD
- The protocol builds Protocol Owned Liquidity (POL) / treasury from the bonded assets, which is used to fund its liquidity pool and invest in yield earning opportunities
- Liquidity management system will be utilized to stabilize token price within a $2-$8 price range; this range is however dynamic
- Tokenomics
- Token symbol: $wsOHMD
- No fixed supply
- Initial supply: 10,000
- 7,500 — Liquidity Pool
- 2,000 — Team/Marketing
- 500 — Liquidity Management System
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