Nirvana Launches on AcceleRaytor

Raydium Protocol announced that on April 5th, Nirvana is launching on AcceleRaytor.

Yield for staking $ANA and taking $NIRV loans is distributed in $prANA (pre-$ANA), which are tokens that act as non-expiring options to mint ANA at its floor price.

The AcceleRaytor launch will be for the $prANA token, giving users the option to mint $ANA at the floor price.

1. prANA AcceleRaytor Public Raise details:

Total tokens for the raise: 125,000 prANA, unlocked

Token fixed price: 2.00 USDC for 1 prANA

Total raise: 250,000 USDC

Model: Randomized Draw (Lottery)

Allocation for selected ticket: 50 USDC (25 prANA)

Total number of winning tickets: 5,000

Pool opens: April 5, 02:00 UTC

Pool closes: April 5, 14:00 UTC

Open period of the pools: 12 hours

2. prANA IDO on Raydium:

Token starting price: 2.00 USDC for 1 prANA

IDO Launch time: April 6, 00:01 UTC

About Nirvana

The Nirvana protocol is a twin system that produces $ANA, a volatile token with an algorithmically rising floor price, as well as $NIRV, a decentralized superstable coin with a delegated peg.

About Raydium

Raydium is an on-chain order book AMM powering the evolution of DeFi.

INFO

https://raydium.medium.com/nirvana-is-launching-on-acceleraytor-6661c7b71e99

Source: https://thebittimes.com/nirvana-launches-on-acceleraytor-tbt14711.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com