Launchpool Announces New Pop-up-Pool for DuckDAO Incubated TotemFi
We’re back with our innovative Pop-up-Pool (PuP) concept for bringing Poolers access to private tranche opportunities!
Our idea for the Launchpool community is that stacking $LPOOL tokens will provide opportunity to access a long-running stream of crypto gems priced to perfection. Nothing has ever been done like this before in the industry!
With that in mind, we are excited to announce our latest Pop-up-Pool (PuP) for TotemFi, an exciting new project that focuses on staking-based prediction markets where DeFi users can earn not only the project’s native TOTM token as rewards but also real bitcoin!
One new PuP will open on Monday. And we also expect to have a couple more PuP announcements in the next week. So get yourself in position with your $LPOOL stash over the weekend, hopefully while gas is comparatively cheaper on the Ethereum network!
As a reminder, these initial staking pools are designed to allow us to:
1) View community staking behaviour so that we can provide the best possible service for our community that aligns with our egalitarian values.
2) Thank our community for participating in the emerging Launchpool ecosystem.
3) Teach our community about staking, cutting-edge projects, and the cryptocurrency ecosystem.
It is clear to us that the $LPOOL community loves these early allocations. So we went and acquired some more private round allocations from emerging top-tier crypto projects specifically so we could offer up more PuPs!
This first PuP will appear on Monday the 29th of March for people to start staking. Rewards will start to be released on Tuesday the 30th, and end on Thursday the 1st of April. The total time provided for Poolers to “allocation mine” will be 48 hours.
Again, like with our PredictX PuP, we’d like to remind everyone that the reward tokens earned during the staking period will be holding tokens. Because the TGE is yet to occur, these rewards serve as a substitute for the real thing until we can set up a swap contract (once the real tokens are minted).
The holding token that Poolers can mine with their $LPOOL token is
- Name: TotemFi Holding Token
- Symbol: THT
- Decimals: 18
- Rewards: 58,823.5
- Pricing of Native Token: USD$0.17
- Limit: NO LIMIT
- Start block: 12141500 (30th Mar 4pm UTC)
- End block: 12154500 (1st Apr 4pm UTC)
- Contract Address 0x6f9Ca03F12591DbEf0DEEd56A0d7FebAce1288e3
PLEASE NOTE: Removing these tokens from the wallet that you use to mine the holding token rewards will result in the holding tokens becoming invalid. We will not honour the token swap for the real token. You have been warned!
Because we received over $6 million in staking interest for our PredictX PuP, we decided to bring you another prediction markets PuP — TotemFi. This strategic allocation is worth USD$10,000 and vests at 20% on TGE, and 20% monthly thereafter. The token price in this private round was for USD$0.17 per $TOTM token.
The project has been incubated by our good friends over at DuckDao, who have a great track record at selecting early gems. The $TOTM TGE is expected to take place in early April. But as with any early round investment, the dates attached to these milestones are subject to change and should be used more as an approximate indicator rather than a definite date. Further details can be received from the TotemFi project itself. See details below for their media sites.
We hope that you will take the time to research the project over the weekend before the pool opens for staking on Monday, so that you are sure that you want to commit your $LPOOL tokens to stake for “allocation mining” and forego the chance to stake $LPOOL to earn more $LPOOL. Remember that there are just 2 more months left in our Phase 1 $LPOOL farm.
TotemFi provides a decentralised application (dApp) that combines staking returns and high yield BTC rewards for individual and collective participation in prediction markets. The simple and low-risk prediction model aims to improve accessibility by not penalising user’s principal stake for inaccurate predictions.
Launchpool ($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.