How is the raised USDC used?
Five million ART is offered at a presale price of 5 USDC. The USDC raised in the presale we call the Presale Total (PT) for reference. The presale proceeds are used as follows.
Percentage | Description |
|---|---|
50% of PT | is used for the USDC-ART Protocol Owned Liquidity Pool (POLP). ART launches at a price of 5 USDC. |
20% of PT | goes towards our founder and main developer to cover over two years’ worth of development. |
15% of PT | funds the protocol treasury |
7.5% of PT | is rewarded to the partners who helped hosting the presale in the form of an immediate cash kickback. |
7.5% of PT | goes towards the rest of the team as a bonus. |
Last modified 1mo ago