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Mithril Cash
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  • How Does Mithril Cash Work
  • Components
    • Tokens
    • Cash Pools
  • Mechanisms
    • Stabilization Mechanism
    • Genesis - Launch Strategy
  • Schedule
    • Stables + Community Mining MIC
    • LP mining MIS
    • First expansion / contraction
  • MITH Cash V2
    • Premise of V2
    • V2 Upgrades at a Glance
    • MIC Upgrades: Stableswap
    • MIC Upgrades: Rebase
    • MIC Upgrades: Direct Migration of MIC-USDT LP with Rewards
    • MIC Upgrades: Value Reallocation
    • MIC Upgrades: Value Reallocation Speed of Distribution
    • MIS Upgrades: Reduction in MIS supply to 500K and Reduction of Emissions by 77%
    • MIB Redemption to MIC V2: 1 to 1, subject to Ecosystem Stability + Phase out of MIB
    • Staggered Withdrawal of Boardroom Rewards
    • Timeweighted Boardroom Rewards
    • Timelock Reduction to 24 hours + Display of Timelock Queue
  • Contract Details
    • Contract Addresses + Information (as of launch)
    • Audit
  • V2 Development Bounty
    • MITH Cash V2 Development Bounty
    • Developed by the Community
    • V2 Bounty Overview: 2 Weeks of Full Press
    • V2 Bounty Roles
    • Bounty Process
    • Bounty Process (2)
    • Bounty Fund from MDF
    • Next Step
    • Community Developer Pull Request Process
  • Misc.
    • Proof of Admin Key Burn
    • FAQ [EN]
    • FAQ [CN]
    • FAQ [KR]
    • FAQ [ES]
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  1. Mechanisms

Genesis - Launch Strategy

Genesis Tokens Distribution ONLY Through Deposits

In celebration of the Mithril community, MITH is included as a key community coin alongside many DeFi blue chips. The genesis distribution of MIC will be available to users who deposit any of the below tokens. This project will launch on December 30, 0200 UTC.

Stablecoins: DAI, USDT, USDC, BUSD, sUSD, ESD, BAC, FRAX Communities: MITH, YFI, SUSHI, CREAM, COMP, AAVE, CRV, LINK 160,000 MIC tokens will be distributed evenly across all 16 tokens listed above in the genesis distribution at the rate of 10,000 MIC tokens per day over 5 days. MIS token distribution will begin shortly after the initial MICs are distributed, to users that provide liquidity to the MIC-USDT Sushiswap pair. This pool 1 will distribute 750,000 MIS tokens, starting with 6250 MIS and decreases 25% after every 30 days.

MIS tokens are also distributed to liquidity providers of the MIS-USDT Sushiswap pair, distributing a total of 250,000 MIS for 365 days, with an equal amount of tokens distributed per day.

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Last updated 4 years ago

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