It is reported that Marmot, the first IEO project of the Singapore Exchange Biking (Chinese name: 币王), has officially landed on the Startup platform and will start a 3-day public IEO from March 28th. During this IEO, the initial FDV for each round of Marmot's launch is 160,000 USDT.
Marmot is a web3 meme community created by web3 enthusiasts, aiming to promote meme culture and spread the latest technological trends such as AI, web3 games, and the metaverse to community members. The official Marmot website has been launched, and there are plans to continue developing the gaming section to provide users with a richer gaming experience.
In addition, as the first IEO product to be launched on the Biking Startup platform, Marmot will also airdrop to holders of the Biking Genesis Pass, with the airdrop totaling 5% of the token issuance.
About Marmot
In the remote Mexican highlands, there lives a group of happy and hardworking marmots. They live here joyfully, reproduce, and thrive. However, reality is always cruel. The sudden arrival of a mysterious foreign species has caused them to suffer from an unknown disease. Helpless, the marmot community had to come together to fight against the enemy. The wise elders discovered that there was a way to resist the disease, which was to inject serum to promote genetic mutation. But finding this serum was no easy task. The brave marmot army is about to embark on a journey to find the serum to protect their homeland. The exciting story of the Mexican highlands is slowly unfolding…
Official website: www.marmot.bet
Economic Model:
- Token: marmot
- Contract address: 0x36ce9629522814955bc7ce5eac7313bdfb6ac136
- Total issuance: 1 trillion
- IEO: 300 billion, accounting for 30% of the total (conducted in 3 rounds)
- Biking pass card airdrop: 50 billion, accounting for 5% of the total
- Treasury pool incentives and ecological construction: 300 billion, accounting for 30% of the total
- DEX pool: 200 billion, accounting for 20% of the total
- Later staking rewards: 150 billion, accounting for 15% of the total
Detailed rules for the 3 rounds of IEO are as follows:
- Launch time: (UTC+8)
First round: March 28th, 14:00-22:00
Second round: March 29th, 14:00-22:00
Third round: March 30th, 14:00-20:00
Biking startup platform link: bikingex.com
Subscription qualifications: Users with a total spot asset value of no less than 10 USDT on the Biking platform can participate, with each person allowed to participate once per round.
Subscription limit: The individual subscription limit is 10 USDT-3000 USDT.
Unlocking method: 100% unlocked
Result announcement: After the subscription ends, the system will count all qualifying subscription orders. If oversubscribed, tokens will be allocated based on the ratio of the user's subscription amount to the total platform subscription amount, with any unused USDT refunded. If the subscription is not fully filled, tokens will be distributed based on the user's subscription amount, and any remaining unsold tokens will be destroyed.
The Startup platform is a new business segment launched by the Biking Exchange in 2024, aiming to discover more high-quality early-stage blockchain products and help them with better financing and development, expand the Biking Web3 ecosystem, and help users discover early-stage products with more investment value.
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