NFT marketplace with 100% profit redistribution to token holders
Agora V2 was launched in December 2021 and was able to support the growth of the NFT community in the Cronos ecosystem. They very recently crossed the $200k mark, corresponding to $500k CRO in volume.
Agora will launch its $AGO token via our launchpad on February 21st.
How the $AGO token will work
Agora will collect a basic sales fee of 2.5% on all NFT sales.
All the fees collected from these fees are consolidated at the end of each recurring 15,000 Cronos block period (roughly 24 hours) and then distributed to $AGO stakers in a linear format per block over the next 15,000 block period (another 24 hours).
100% of the fees collected on Agora will be redistributed to $AGO stakers.
The second thing you’ll be able to do with $AGO is voting in the DAGO. All the treasury and the development will be decided through the DAGO, the decentralized governance system for Agora.
In order to reward the users of their platform, they will offer them rewards in $AGO. The current marketplaces on Cronos charge fees for each sale, but they offer you $AGO for each transaction. Users who trade a selection of NFTs on Agora (verified collections) earn trading rewards in the form of $AGO. Both the buyer and seller of an item earn rewards for their trading volume.
Trading rewards are calculated daily and rewarded to users 2 hours after the end of each day. The entire schedule of trading reward emissions will be over 10,800,000 Cronos blocks (or approximately 720 days), at which point all $AGO token emissions will come to an end as the ecosystem becomes fully self-sustaining.
Read more about their tokenomics here
Price Support by MMF team
Learning from previous launchpads, the team will be implementing measures to better ensure that the community will be reassured to participate in launchpads. MM team will use the MMF treasury to support the price of the AGORA token at launchpad price within the first 7 days. If users choose to take a loss below the initial launchpad price, the team will buy up all tokens below launchpad price. This will ensure that AGORA token price will not fall below initial launchpad price. This also speaks to the volume of how much faith our team has in the projects that we launch.
Commitment from MMF team
To show the team’s commitment, we will be putting in funds for all our launchpad projects’ sales to help create more demand for our sales on MMF launchpads. This is also done so that we have skin in the game. We believe in projects that we launch!
- The launchpad raise will be done in pure MMF tokens (same as last launchpad), time to load up some MMF now!
$AGORA sale will take place at MM Finance and will last for 6 hours, and you will need $MMF to participate.
- Sales Page: https://mm.finance/launchpad
- Start: 21 Feb, 8:00am UTC
- End: 21 Feb, 2:00pm UTC
- Token Price: $0.10 per $AGORA (paid in $MMF)
- For Sale: 6,000,000 $AGORA
- Duration: 6 hours
- Method : Overflow
In the “Overflow” method, users can subscribe as much or as little as they want to the launchpad, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends.
The excess funds committed will be refunded back to the users after the sale. They will be able to claim both their new tokens and unused tokens after the sale has ended.
Launchpad Proceeds Allocation:
- 40% of the MMF token raised will be burnt
- 25% vested and used to form initial MMF-AGORA liquidity to sent to team over 90 days
- 35% vested and sent to team over 45 days
1. Before Sale
2. During the Sale
- Commit your MMF tokens to get $AGORA tokens on mm.finance/launchpad.
You can lock your tokens at any time during the subscription period, even within the final 30 minutes, if you are worried about not having access to your tokens after it is committed.
3. After Sale
- Claim your $AGORA tokens
If there is an oversubscription, your MMF tokens will be refunded back to you.
Post Launch Pools & Farms
- Stake $AGORA-$MMF LP ➡️ Earn $MMF
- Stake $MMF ➡️ Earn $AGORA
- Stake $AGORA ➡️ Earn $WCRO
Follow Mad Meerkat Finance
Telegram Group: https://t.me/MMFcrypto
Announcement Channel: https://t.me/MMFann
Price Channel: https://t.me/MMFPrice
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