IDO Announcement: MUNA launching on Swop.fi & Muna App
Swop.fi launchpad will be integrated into Muna for seamless access.
Swop.fi Launchpad is a fund raising plaftorm for projects that have issued a token on the Waves blockchain. Investors get early access to participate and buy the project token at an initial price, which can later increase exponentially as the project develops.
Project tokens are sold for USDN, but only SWOP stakers will be able to buy most of them.
Understanding $MUNA IDO, IDO Date, Details and How to Participate?
IDO means Initial Dex Offering, it is when a project launches a token through a decentralized liquidity exchange like swop.fi.
The token sale date for $MUNA tokens is slated for 1/03/2022 and the sale will end on 3/3/2022. You need to stake SWOP token so you can be entitled to tickets to buy the $MUNA token on the Launchpad.
You may have as many tickets as you want, there is no limit ✅.
Brief of Muna
Muna is a simple and easy-to-use mobile app to access DeFi and crypto in Africa. We are focused on making it very easy for Africans to buy coins in local fiat via bank transfer, swap, lend and borrow and make payments with receipt.
The internet has made the world a global village and cryptocurrency and Blockchain technology is helping the villagers to trade and exchange value easily. DeFi is a key tool to help Africans access global financial opportunities. Decentralized Finance (DeFi) is here to stay.
DeFi Africans can easily buy and sell to anyone anywhere in the world without the usual restrictions and our goal is to make this process simple and safe for everyone.
Muna launched on August 30, 2020, on Waves and now has more than 28k users, 73k+ USDN bought with Nigerian Naira via bank transfer and more than $283K worth of assets swapped using Muna.
What is $MUNA?
$MUNA is the governance and utility token of Muna. more than 50% of the $MUNA token supply is reserved to reward users based on their contribution and participation in the Muna ecosystem.
Planned use cases for MUNA token:
- Discounts in fiat deposit and withdrawal fees.
- Launchpad: MUNA holders will be granted premium access to the Muna launchpad and tokenized market.
- Voting and governance: MUNA holders will vote for the next project/coin to list on the Muna app.
- Sponsored transaction fee: Muna users will be able to pay for network fees using the MUNA token.
- Staking and saving reward: Users staking MUNA will earn additional rewards paid out directly to the account.
- Access to earning centre: MUNA holders will access bounties and airdrops
Part of the revenues generated from the Muna launchpad and tokenized marketplace will be used to buy back $MUNA tokens from the open market to increase the MUNA token value.
Muna Development Roadmap:
2022 Q1 (Before and After IDO):
Swop.fi Launchpad integration. Vires.finance integration, to allow anyone to lend and borrow crypto using Muna. Lend assets and earn daily interest, Muna currently supports lending and borrowing Bitcoin, ETH, Waves, USDT, USDN and USDC. Simple and safe.
MUNA token staking on swop.fi and Muna app, more asset listing and Cross-chain stable coin swap.
Earning centre to incentivize users and onboard more users, Payment requests and pay invoices.
Crypto credit card integration. Muna users will be able to fund their virtual credit cards and shop online with a credit card without converting to fiat. Credit cards can be funded with WAVES, USDN, USDT, BTC, ETH and USDC.
Muna Launchpad and tokenized marketplace where anyone can raise funds for their projects and businesses.
$MUNA IDO Details
IDO tokens for sale: 550,000 MUNA Tokens
IDO price: $1 USDN / $MUNA
Planned to raise: 550,000 USDN
Pool Launch: 150.000 $MUNA will be used to launch $MUNA/USDN pool.
Publication of $MUNA project on Swop.fi launchpad: 24/2/2022
Ticket Sale opens: 01/3/2022, Thursday
Sale closes: 3/3/2022, Thursday
$MUNA / USDN pool generation event: 3/3/2022, Thursday
Early-Bird $MUNA unlocking period: 07/3/2022, Monday
IDO Investors $MUNA tokens claiming period: Starts from 3/3/2022, Thursday
VC, Institutional Investors & Strategic Partners $MUNA unlocking period: Starts from 3/3/2022, Thursday
The $MUNA token sale will last till March 3, 2022. $MUNA/USDN pool will be available after the sale is closed.
$MUNA Supply & Vesting
10 million $MUNA will be gradually emitted into circulation in 5 years vesting period.
- IDO & Pool Launch: 7% of the total emission (700k) is allocated for the token sale and pool launch. (550k $MUNA is to be sold during IDO and 150k $MUNA reserved for pool launch)
- Development & Marketing: 10% of the total emission (1 million $MUNA) is allocated for the development & marketing activities, without a vesting period. 60% of development & marketing tokens will be used for the development of new features, hiring new team members, strategic partnerships, employees. 40% of development & marketing tokens will be used for marketing activities.
- Referral, Bounty, Contest: 13% of the total emission (1.3 million $MUNA) is allocated for referrals, Bounties, and Contests, without a vesting period.
- Private Investors & Team: 10% of the total emission (1 million $MUNA) is allocated for the private investors and the team, with 5-years vesting (200k each year) period.
- Early-Bird program: 10% of the total emission (1 million $MUNA) is allocated for early-bird rewards, with a 2-years vesting (500k each year) period. Started on October 21st. The early-bird program will end on February 23rd.
- Muna Users: The remaining 50% of the total emission (5 mln $MUNA) is allocated for the Muna ecosystem and users, with a 5-years vesting (1 million each year) period. Muna users will receive $MUNA tokens based on the size of their contributions and activities. The team will adjust the size of the rewards.