PRIME Staking, IDO Update, and Prime Router Launching! 🤖
The Adoption Engine for Open Finance is about to launch!
Hey fellow Primebots,
A lot has happened in the PrimeDAO ecosystem over the past 72 hours, from the IDO starting to the Prime Router going live! The Prime community has welcomed many new faces, including xDAI as an official governance partner and over 400 PRIME token holders. And we only just got started! After the IDO period (ending November 30th) PrimeDAO will transition to the Growth Phase. In the Growth Phase, PrimeDAO will continue coordinating and cultivating open finance projects that promote safety, reliability, liquidity, and open access
📈 PRIME IDO Update
This Monday marked the start of the PRIME IDO, where up to 24M PRIME tokens (26,7% of the total supply) are made available to the public.
After nearly 80 hours, the stats are as follows:
1.35M PRIME Tokens distributed through our IDO Interface
Current IDO Batch Price = 0.50 USDC per PRIME
182K Liquidity in the PRIME/ETH Balancer Pool
With just under 11 days left, the PRIME distribution has only just begun!
🌊PRIME Liquidity Mining launches tomorrow
To further incentivize liquidity for the PRIME token and to reward the early ecosystem supporters, we’re launching a PRIME Liquidity Mining campaign for all liquidity providers of the PRIME pool on Balancer.
The Prime pool consists of 80% Prime / 20% WETH and will be the first smart pool governed by PrimeDAO. With the mainnet deployment of Prime at the end of November, ownership of the pool will be transferred to the DAO for governance using the Prime Liquidity Pool Manager.
Liquidity Mining details:
Start: Friday, November 20th
Duration: 1 month
Rewards: 16.7K PRIME tokens per day distributed to BPRIME stakers
It’s already possible to provide liquidity to the Prime pool ahead of the Liquidity Mining going live! Add liquidity to the Prime pool here.
📈Together we rise
PrimeDAO is a collective of creators and builders committed to bringing open finance to the masses. Over 60 contributors from over 25 Web 3.0 projects have aligned as PrimeDAO to cultivate projects and initiatives that enable systemic innovation of open finance because we believe programmable money and distributed governance will allow humanity to create and organize prosperity in a more fair and equitable way.
You can become part of the movement by contributing to PrimeDAO or participating in the PRIME IDO - together we can help accelerate the transition towards a world built on programmable money.
Recent Releases
[VIDEO] - Mesa IDO Tutorial
The Prime Initial Decentralized Offering - How to use Mesa
Join Us!
Go to Prime’s xDAI DAO ➡ Prime Incubation on Alchemy or Contributor Onboarding