Can GRAIL's new project FactorDAO be as hot as TROVE?
Original author: Jaleel, BlockBeats
With the development of the DEX protocol Camelot, Arbitrum’s ecological enthusiasm continues to rise, and Camelot’s The price of native TokenGRAIL has increased from 200 to 2000U. After the sale of Arbitrove, Camelot will open the public sale of another project, Factordao today. This article will introduce what Factordao does? And how to participate in this Public Sale?
Related reading: "GRAIL Two 5 times a week, and new projects will be launched on this Arbitrum DEX dark horse", "Excalibur GRAIL's first release project What are the features of Arbitrove? 》
FactorDAO
FactorDAO is a decentralized fund management protocol that runs on the Arbitrum ecosystem. It provides a series of modular tools that allow asset managers and investors to Other project organizations or individuals can easily create and join various investment strategies.
FactorDAO is a decentralized asset management protocol with an ERC-4626 enabled vault created using Factor's tools and services and join various investment strategies. On FactorDAO, any project or individual can create a Vault as an asset manager. Investors can deposit funds into these Vaults with one click to earn income. Asset managers earn income through set strategies, such as creating indexes with a package of assets, income strategies or derivatives.
Factor hopes to unify the decentralized DeFi market and become a liquidity aggregation layer to enhance users' market participation capabilities and asset flexibility to better adapt to trading strategies and risk profiles. So FactorDAO is building modular building blocks for on-chain asset management, bringing all existing DeFi assets under one roof, ideal for protocols looking to improve TVL, and aspiring asset managers looking to build on-chain track records , Fund managers who want to hedge risks and generate returns, allow anyone to establish a one-stop solution for fund products on a peer-to-peer basis, and also connect the world's best investment managers and investors on the Ethereum blockchain rise so that new tools and strategies can be created.
One of the innovative points of FactorDAO is its league system, which is a ranking-based competition platform that allows asset managers to showcase their skills and performance, and earn rewards. Another innovative point is its open system, which allows anyone to create and publish their own investment strategies and get feedback and support from the community.
$FCTR Token Economics
The total amount of $FCTR Token is 10 million, and the initial circulation is 2 million. All Public Sale Tokens will be unlocked in TGE. If participants in the public sale wish to participate in the governance of the DAO and receive a share of the protocol revenue from day one, they can stake their unlocked $FCTR to accumulate $veFCTR. 4.2% of the early bootstrap distribution is distributed at a price of 0.05 ($5,000,000 FDV), vesting linearly over 12 months. This is to facilitate the smart contract auditing, development, legal and marketing required to launch.
Team Token vests linearly within 24 months. Guide supporters and team Tokens will not accumulate $veFCTR during the vesting period, and need to be unlocked and mortgaged to do so. This is to ensure decentralization and fair distribution and rewards for all participants. After the Public Sale, at launch, 32.51% of the supply will be emitted slowly and steadily over 3.5 years. There is no VC funding and no sudden unlocks.
How to participate in FactorDAO's Public Sale
here The secondary public sale will start at 18:00 UTC on February 20, 2023, and end at 18:00 UTC on February 24, 2023. 10% of the total supply of $FCTR will be used for Public Sale, with the final Prices are distributed to all participants. The Public Sale will last for 5 days and start with a $0.10 reserve price. The final price will be determined at the close of the sale by dividing the amount raised in this round by the FCTR of $10,000,000. All participants receive the same final price.
Same as Arbitrove (BlockBeats note, see What are the characteristics of Arbitrove, the first project released on Excalibur GRAIL?"), users deposit USDC dollars into the contract (there is no buying and selling during Public Sale). Each participant can assess the amount raised at any point during the sale and must make their own assessment of the value of $FCTR and form their own opinion when participating in the Public Sale. If less than $1 million is raised, participants will receive their tokens at a reserve price of $0.10, and the remaining tokens will be sent to the protocol treasury.
The following is a short-term roadmap for the end of the first quarter, explaining key events before and after the public offering:
BlockBeats once again reminded that although the Arbitrum ecology continues to be hot, public sale projects such as Arbitrove and FactorDAO have canceled the hard cap, and participants may end up far away Buy tokens higher than the starting price. The previous financing amount of Arbitrove has exceeded 5,000 ETH, far exceeding the initial expectation of 313 ETH. Users should also pay attention to related risks when participating in FactorDAO. Welcome to join the official BlockBeats community: Telegram Subscription Group: https://t.me/theblockbeats Telegram Discussion Group: https://t.me/BlockBeats_App Official Twitter Account: https://twitter.com/BlockBeatsAsia
