How is the raised USDC used?
Last updated
Last updated
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.