๐Ÿ•’Presale

Key Details:

  • Presale Launch: 27th of October, 2023 at 12 PM EST

  • Presale Allocation: 25 $zETH

  • Presale Price: Each $zETH is priced at $1,642 (To change based on ETH price) representing a 10% discount to the launch price of $1825 (To change based on ETH price). The token will have its own price discovery time afterward where we imagine those that invest in the presale and early phases of the protocol will benefit gradually with both incentivized farming in theGenesisand capital appreciation.

  • Minimum Contribution: No minimum contribution.

  • Maximum Contribution: To ensure fair distribution and prevent centralization, each investor can contribute up to a maximum of 1 $WETH. With remaining tokens being sold to the public on a First Come First Serve basis.

  • Whitelist early investing: Whitelisted wallets will be able to invest in the presale for 10 minutes before the gates to the public are opened.

  • Presale Goals:

    • Softcap: 10 WETH

    • HardCap: 22.5 WETH

  • Token Distribution: Tokens will be claimed by users from the website at the time of launch.

  • Vesting Schedule: Presold tokens will be vested linearly over the course of the Genesis phase with tokens starting to be claimable shortly before the Genesis. This makes it so that participants are able to claim and farm in the genesis phase to thicken liquidity. We highly recommend presalers to LP with fresh WETH and farm to gain increased rewards in the Genesisphase.

Presale funds allocation

The funds raised from the presale will be distributed accordingly:

  • 10% of the raised funds will go towards marketing expenses

  • 20% of funds will be reserved solely for liquidity purposes ($zETH-ETH LP)

  • 10% of the raised funds will be allocated to the team

  • 60% of raised funds will be solely dedicated to ensuring that the peg is maintained. This amount by default collateralizes the majority of the $zETH token for all Presalers and as such should remove any fear of having capital depreciation during farming.

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