The Allocation Mining Event (AME) for Bumper $BUMP begins on the 25th of May.
Deposits Open: Block #12497000 ( estimated for Monday, May 24 2021, 13:25:31 GMT+1)
Allocation Mining Opens: Block #12503000 (estimated for Tuesday, May 25 2021, 11:25:12 GMT+1)
Allocation Mining Ends: Block #12542000 (estimated for Monday, May 31 2021, 10:26:46 GMT+1)
Payment Window Ends: Block #12562000 (estimated for Thursday, Jun 03 2021, 11:45:53 GMT+1)
Target TGE Date: June (after Release 1b)
Vesting : Vesting will start from Release 1b but vested tokens will remain locked until Release 1a, expected at the end of August. From that point on vesting will be per block for the remainder of the 18 month period.
Allocation Size: $250,000
AME Price per Token: $1.00, vesting linearly over 18 months with incentives for holders (min. 6months). Incentives to hold are only available to private sale participants and LPOOL community.
Pool Allocation %: 66.66% for 300 Pool; 33.33% for Unlimited Pool.
Note: Bumper is being done via a new contract, which requires approval before staking.
Example of linear vesting with hold incentives: For each 6-month period someone doesn’t sell any tokens, they will receive a 100% bonus. If you hold an allocation of 100 tokens, for example, then after 6 months you will get a 100% bonus added. This process will repeat for the case of holding that initial allocation for 12 months, and 18 months respectively.
Make sure to return here before May 24th, to find out the exact time and block number the AME will begin at.
Want to learn more about Bumper? Check out our previous article:
Launchpool Announces Upcoming AME for Bumper, DeFi Price Protection Solution
BUMPER solves the fundamental problem of price volatility in crypto using a radically innovative DeFi protocol.
Introducing Bumper: a DeFi price protection protocol designed to answer volatile prices. BUMPER was conceived by INDX (who have been yield farming since 2017). With a DeFi protocol this sophisticated, there was only one candidate at the top of the list — Block8, the company that designed and then built Havven (Synthetix).
Bumper protects the value of your crypto using a radically innovative DeFi protocol. Set the price you want to protect and if the market crashes, your asset will never fall below that price. Importantly, if the market pumps, your asset rises too. #bumper #protectyourcrypto
Launchpool ($LPOOL) leverages communities, knowledge, expertise, contacts and capital to provide crypto projects with the best possible start to life, maximising their chances for success in this fast moving & dynamic space.