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Genesis Fair Launch Plan

Overview

In order to achieve a complete Fair Launch, WRA Token will not raise funds from outside. Except for the Development Fund (10%) and Eco Fund (5%) for project development, the other 85% of the tokens will all be issued to the community as incentives. All we want to do is to truly encouragethe community to be committed to the development of WraFi protocol and building IBT ecosystem.

Stage 1-rToken

In order to make the initial launch equally fair for everyone, we will initiate a Genesis Fair Launch Plan in which the 10% of WRA tokens will be airdropped to the community who contribute to this project.
We will officially release the WRA Token in 1 or 2 weeks, and start the Genesis airdrop on the same day. About who are entitled to get the airdrops:

1) rToken StakingDrop (1%)

rToken Stakers. Those who want airdrop must mint and staked the following 5 rTokens in WrapFi Farming Pool: rFIS/rETH/rDOT/rKSM/rATOM.
rETH Original Validators. Those OVs must successfully run nodes for rETH products from Genesis Time, and complete Onboarding.You could use this rETH OV guide to help onboard.
The WRA reward in rToken StakingDrop has no lock-ups. The Genesis time will be released in the next week, please stay tuned.

2) rToken UNI LP Farming Program (6.5%)

The UNI LP reward pool is as follows:
rETH/ETH: 1%
rFIS/ETH: 2%
rDOT/ETH: 1.5%
rKSM/ETH: 1%
rATOM/ETH: 1%
The mining campaign lasts for 3 months, and the WRA token reward will be distributed in 6 months

3) WRA UNI LP Farming Program (2.5%)

● WRA/ETH 2.5%
The mining campaign lasts for 3 months, and the WRA token reward will be distributed in 6 months

Stage2-other IBTs

In Stage 2, we will incentivize other IBT tokens, such as cToken, ibETH, etc. We will release more details before WrapFi Fair Launch.
Last modified 6mo ago