TokenInsight news, UXD protocol is the first delta-neutral position backed algorithmic stablecoin built on Solana blockchain. The IDO will be held on November 4th, HKT 11AM; November 3rd, PST 8PM; November 3rd, EST 11PM. The IDO will last for a total of 48 hours. During the IDO, anyone will be able to deposit/withdraw USDC and participate in the IDO. At the end of the IDO, the number of tokens you receive is proportional to the USDC you contributed to the vault. A total of 300,000,000 UXP tokens(3% of total supply) will be available. There are 10 billion $UXP token in all. Vesting plan for investors is 50% release after 1 year and the rest is released over 1 year linearly.Source
Get the most concise crypto news, research, and insights by subscribing to our free newsletter.