Excalibur GRAIL on the first issue project Arbitrove have what characteristics?

Arbitrum ecological heat rising unabated, and the ecological dark horse Camelot will launch its first Launchpad project Arbitrove today, has caused no small discussion in the community. This article will introduce Arbitrove exactly does what? And how to participate in this Public Sale?

Related reading:GRAIL two weeks 5 times, and there are new projects coming online for this Arbitrum DEX dark horse"

Nitro Cartel

Nitro Cartel is an Arbitrum native program that aims to improve the incentive misalignment problem of the public chain, ecological programs, and participants by guiding the growth of TVL throughout the Arbitrum ecosystem in order to achieve a more efficient and transparent allocation of capital. In addition, the Nitro Cartel also hopes to promote the construction of public goods of Arbitrum ecology through the new governance mechanism.

The Passport, the initial governance tool for the Nitro Cartel and the identification of early Nitro Cartel members, uses the ERC-1155 rather than the ERC-20 as the governance tool with a view to reaching a wider group of holders. There will be an initial supply of 800 Passports, all Mint at fixed prices. For every five Passports minted, one is permanently locked as a team assignment. The team plans to introduce NITRO Token as a hybrid governance mechanism in the future as more child DAOs and products are released.

Currently, the Arbitrum Ecosystem does not have a mature on-chain DAO governance tool, so the Nitro Cartel still uses Snapshot as a voting platform for the community. Team members will act as multi-signature holders of the Treasury purse and will only be responsible for enforcing community resolutions, while high-risk functions such as asset transfers and trading will be turned off to minimize trust.

Arbitrove

Arbitrove is the first eco program built by Nitro Cartel to provide an investment index for the Arbitrum community and to address the liquidity issues facing the project and community.

Arbitrove uses market value, performance record, chain liquidity depth and other indicators to Arbitrum ecological assets weight ranking, index Token will track the performance of the selected assets. By establishing Arbitrum's index Token standard, Arbitrove can expand its use case to include collateral for loan agreements, as the underlying assets for Arbitrum's leveraged transactions, etc. In addition, Arbitrove can also effectively solve the liquidity and slip point problems encountered by investors. It can not only include a wide range of ecological tokens in Arbitrove for investors to get exposure, but also enhance its long-term liquidity for different tokens.

Arbitrove's initial index product is ALP Token, which is composed of several tokens of blue chip projects from Arbitrum ecosystem such as GMX, Treasure DAO and Camelot DEX. Users can use ALP as collateral for borrowing and leverage. Provides liquidity as a base pair in DEX. In the future, the team will also increase the number and variety of indexes, launching vertical indexes focusing on DeFi, GameFi, SocialFi and NFT.

The user mints Alps by depositing various assets, and the amount of Alps minted by the depositing assets will be determined based on the latest portfolio price of the depositing assets relative to the Alps, as well as the price of assets within the Alps and the number of Alps outstanding. The fees for minting and redeeming Alps depend on the asset and are dynamically adjusted according to the difference between the index and the target component, with the agreement activating lower deposit fees to encourage deposits when the asset is below the target component and deploying higher deposit fees to discourage deposits when the asset is above the target component.

Once cast, Alps can be mortgaged on Arbitrove to earn esTROVE income. TROVE is the governance Token of Arbitrove. Its Token economics is inspired by the "es model" of GMX. 70% of the total supply of TROVE will be emitted in the form of esTROVE. esTROVE is non-transferable and will be unlocked linearly for 1 year starting September 2023.

The total supply of TROVE tokens is 1 billion, of which 220 million are used to motivate ALP index users, pledge and liquidity providers, 10 million are dropped to xGRAIL holders, and 90 million are reserved by Arbitrove Treasury. 6,000 will be used to build "agreed-upon liquidity" and 200m will be set aside for the Public Sale of the Camelot platform.

How does the TROVE Public Sale get involved?

Arbitrove's Public Sale on the Camelot platform begins at 9 a.m. Et on Oct. 17 and ends at 9 a.m. Et on Oct. 20. Participation is required using ETH. Public Sale  . Participation   Public Sale  A total of 200 million TROVE at $0.0025 per Token. But in Arbitrove's latest published documents, the team decided to remove the time. Public Sale  The hard top. This is also because the recent Arbitrum ecological hot, the team hopes to raise more funds.

Head to CamelotDEXOfficial website, click Launchpad to view TROVE   Public Sale  "And the Camelot platform's previous Launchpad project. Click TROVE to enter   Public Sale  Page.

The team fixed a base price of $0.0025 for TROVE at about $2.5 million in FDV. In   Public Sale  The TROVE price will increase with each purchase after the fund reaches US $500,000 or about ETH 313. In   Public Sale  At the bottom of the page is a recommendation link that leads participants to join for a 3% bonus.

BlockBeats remind, due to Arbitrove cancelled. Public Sale  Hard top, coupled with Arbitrum ecological upsurge not less heat, this   Public Sale  There is a significant risk that funds will exceed ETH 313 and participants may end up buying TROVE at a price much higher than US $0.0025. Be aware of the risks associated with this.

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