Arbitrum-based yield index protocol Arbitrove will launch its governance token TROVE today on Camelot Launchpad.
7x24h News
Arbitrum-based yield index protocol Arbitrove will launch its governance token TROVE today on Camelot Launchpad.
Arbitrum ecosystem yield index and strategy vault protocol Arbitrove will launch its governance token TROVE on Camelot's Launchpad at 22:00 Beijing time on February 17. The total supply of TROVE is 1 billion tokens, with 20% allocated for public sale at an initial price of $0.0025 per token. Following community feedback, the team has decided to impose a maximum cap of $100,000 (60 ETH) per participating address on the Launchpad, canceling the originally planned ...
Navigating Web3 tides with focused insightsTechFlow news — Arbitrum's yield index and strategy vault protocol Arbitrove will launch its governance token TROVE on Camelot's Launchpad at 22:00 Beijing time on February 17.
TROVE has a total supply of 1 billion tokens, with 20% allocated for public sale at an initial price of $0.0025 per token. Following community suggestions, the team has decided to impose a hard cap of $100,000 (60 ETH) per participating address on the Launchpad and has removed the original hard cap of $2.5 million in total raised funds, aiming to prevent sniper bots and whale dumping during the public sale. Additionally, the team stated that if fundraising exceeds $2.5 million, more than half of the funds raised beyond that threshold will be used to strengthen Protocol Owned Liquidity (POL) on Camelot.
ALP is the first index offered by the Arbitrove protocol, consisting of a basket of handpicked blue-chip tokens such as GMX, MAGIC, and GRAIL, deployed with various strategies to generate yield for users. In the future, Arbitrove plans to introduce additional indices, including ecosystem-specific indices like a GMX ecosystem index, a GameFi index, and strategy-specific indices such as an Ethereum liquid staking derivatives (LSD) strategy index.Source link
