We’ve had an incredible journey so far, with our recent sales selling out in just minutes and exceeding expectations by over 1800%, accumulating around 8,600 ETH. What’s the reason? Our first ve token on the zkSync era, which effectively tackles the inherent issues of overflow sales by aligning incentives with farming.
We are always on the lookout for innovative solutions and delivering amazing success. Naturally, we knew our next launchpad project would attract tremendous attention. Many projects have shown interest, and we have put in a lot of effort to select the best one. In this article, we’ll explain how and why we chose the project, introduce the new sale method, discuss benefits for ticket holders, and outline our buyback plan.
We received applications from a diverse range of projects, from DeFi to exchanges, games, wallets, and utilities. Our criteria for selection were as follows:
- Does the project have strong synergy with us and can it continuously increase the value of Velocore?
- Can the project utilize our LP and activate trading, while maintaining a long-term partnership that attracts more users?
- Does the project have a solid design, tokenomics, and contract structure, and can it collaborate with us on KYC?
- Can a portion of the raised amount or tokenomics be used for the VC community, and how feasible is that?
Considering these factors, we are excited to introduce ReactorFusion as our first launchpad project!
ReactorFusion is a DeFi project with a focus on lending services — one of the most essential building blocks in the space. It boasts exceptional tokenomics that set it apart from the competition. Lending services have a tendency to become dominant on the chain once they gain an advantage, as TVL is difficult to decrease and funds continue to flow into the highest TVL products due to the fear of illiquidity. Just like a bank, ReactorFusion generates a stable, consistent, and relatively high real yield through interest rate margins. The platform automatically buys back most of these profits through the Velocore DEX and distributes them to users.
While ReactorFusion focuses on lending and aligning incentives with us, we can concentrate on improving Velocore’s core AMM source by applying PMM and Balancer concepts. This will result in lower gas fees and less slippage, ultimately helping us become the #1 DEX. We have conducted multiple calls with ReactorFusion and promised continuous cooperation, from lending to leveraged farming.
We will release more details in a separate article soon!
The overflow farming model, which many projects are now trying to copy, has undoubtedly solved fairness issues inherent to the original overflow method and received positive responses. The importance of a reliable IDO platform and a fair method of providing opportunities to participants has become increasingly apparent, especially in light of recent incidents involving IDOs and multiple projects on zksync Era.
And we’re introducing another innovative model and VC buyback plan.
Boosted Farming FDV Method
Target raise amount: 500 ETH
Boosted Farming: $RF tokens from the farming pool will be added as rewards during the sale. The earlier you commit, the more you’ll earn with your ETH.
Multiplier for POAP holders
As previously promised, POAP holders get special benefits. Boosted farming multipliers will be applied to POAP holders!
- Astral Newbies: +10%
- Interstellar Trendsetters: +10%
- Galactic Virtuosos: +10%
- Cosmic Legends: +30%
For example, if you committed 10 ETH and have all four tickets, you’ll receive a 60% booster, which means you’ll earn the farming share as if you were farming with 16 ETH.
The price discovery period starts after reaching the target raise amount. Like we did when Velocore launched, 37% of the funds raised will be immediately added as liquidity and locked up in Velocore.
3% of the raised amount will be used to buy back $VC or create a syrup pool. To prevent flash arbitrage attacks, this will take place at a random time within one week after the sale ends. All IDOs are planned to grow alongside the Velocore community, and we also intend to provide full support and voting for the RF community.
The sale is scheduled for sometime next week and will run for 48 hours. We will provide more detailed announcements in a few days! Additionally, as we are preparing for the Passport launch, which will be free for presale participants, we are also planning a new event for those who missed the chance to receive theirs yet or for those aiming for the next tier. Don’t miss out!
Resources
Website: https://velocore.xyz
Twitter: https://twitter.com/velocorexyz
Discord: https://discord.velocore.xyz
Medium: https://medium.com/@velocorexyz
Official Telegram: https://t.me/velocorexyz
Official Docs: https://docs.velocore.xyz/
Be The Core, Velocore
