We are thrilled to announce @DeFiTuna will be conducting their TGE tomorrow 7/30 at 18:00 GMT +03:00 through Wavebreak.
This marks the first of many DeFi protocols that want to give their own community a TGE without bots & bundlers.
Let's breakdown the mechanics of the launch & how to get involved 🧵
Buying $TUNA uses our bot-protection.
A single buy can at maximum be 50k TUNA meaning to complete the curve there would need to be at least ~800 individual buys.
A single person can do multiple buys but each buy requires to pass our bot-protection.
Selling into the bonding curve does not use bot-protection and has no limit.
On the curve there is a swap fee of 50bps on each buy/sell
Token amounts:
Amount of $TUNA tokens: 40.5M (4.05% of supply)
+- Sold on curve: 22.3M $TUNA
+- Used for graduation: ~18.2M $TUNA
Amount of $USDC raised: ~1.36M $USDC
There are two ways the token can graduate:
1 - it reaches the graduation target meaning the bonding curve sells out or 2 - the bonding curve times-out 30 minutes after launch.
On graduation 50% of the proceeds will go directly into the initial USDC/TUNA pool and 50% of the proceeds will further support liquidity across all venues.
Assuming the curve sells out this would mean that on graduation:
~8.9M $TUNA and ~682k $USDC go directly into a full-range, unlocked whirlpool position
~8.9M $TUNA and ~682k $USDC will be transferred to a wallet of your choosing.
Wavebreak welcomes the first of many TGE's in DeFi that want fair launches for their community.
Turn on 🔔 for @DeFiTuna so you don't miss it.
This is the final post in this thread.
Talk $TUNA and join the pod:
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