Arbitrum Eco income index protocol Arbitrove will go online on February 17 to manage Token TROVE

BlockBeats news: On February 17th, Arbitrum Eco-income Index and strategy vault agreement Arbitrove will launch Token TROVE governance in Camelot's Launchpad at 22:00 Beijing time on February 17th. Twenty per cent of the 1bn TROVE will be offered to the public at a starting price of $0.0025 per Trove. At the suggestion of the community, the project team decided to implement a $100,000 (60 ETH) maximum cap for each Launchpad address participating, and to cancel the planned $2.5 million hardtop (the maximum amount raised) to prevent sniper robots and whales from sniping at its Token public sale. In addition, the project said that if it raises more than $2.5 million, more than half of the funds raised after $2.5 million will be used to deepen Protocol Owned Liquidity on Camelot. The ALP, the first index of the Arbitrove agreement, is a basket of select blue-chip tokens, such as GMX, MAGIC, and GRAIL, that generate revenue for users with a variety of strategy deployments. In the future, the Arbitrove agreement will add more indexes, including specific ecosystem indexes, such as GMX Ecosystem Index, GameFi Index, and specific strategy indexes, such as Ethereum Liquidity Pledge Derivatives (LSD) strategy Index.