What is Thorstarter
TS Grants Explained
Thorstarter Grants
The following is a brief breakdown of how Thorstarter seeds initial liquidity.
Initial seeding of XRUNE into AMM pools is split 50/50.
50% will be given as a grant to the Project being launched. 50% is assigned to the Thorstarter DAO.
This split aligns the interest of both the DAO as well as new projects using Thorstarter as an initial liquidity provisioning mechanism.
The following is a step by step breakdown of how this works:
Terms to know:
- TKN = new token
- Project = new asset
- TS = Thorstarter
- XRUNE = Thorstarter native token
Let’s break them down into simple steps.
- 1.TKN will be sent to the TS wallet.
- 2.XRUNE is matched 1:1 with TKN.
- 3.TS creates a new AMM pool with XRUNE/TKN
- 4.TS locks LP tokens in vesting contract (this is to prevent massive dumping of XRUNE immediately after IDO)
- 5.TKN LP tokens are sent back to Project’s wallet.
- 6.Project can withdraw LP tokens after unlock, receiving both XRUNE and TKN.
Projects receive a grant of XRUNE tokens to help build early community or fund development costs.
Last modified 10mo ago
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