Divergence (DIVER)

IDO

Last updated: Sep 27, 2021

Divergence is a decentralized platform for volatility hedging and trading with a focus on blockchain native asset prices, value of LP tokens, interest rates, DeFi farming and staking rewards.

IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industry	Finance Services & Banking
Product type	DeFi
Whitepaper	Open

What is Divergence

When it comes to managing price risk, existing decentralized futures and perpetual products offer linear risk exposures for a limited number of major assets. Options, on the other hand, as a less-developed product, can provide a non-linear risk-reward structure. This allows options traders to build leveraged positions in assets at a lower cost than making an outright transaction.

To fill this gap, Divergence is developing a range of decentralized volatility derivatives and volatility index products with the aim of becoming the go-to platform for:

Risk-averse users seeking to hedge volatility risks
Risk-tolerant users seeking to trade and gain leveraged exposure to volatility
Risk-neutral users seeking to participate as liquidity providers and earning fees

Details

IDO (SushiSwap Miso Launchpad): Sep 20, 2021 - Sep 20, 2021
Token supply: 1,000,000,000 DIVER
Total tokens for sale: 20,000,000 DIVER
Hard cap: 2,000,000 USD
Raised: 2,900,000 USD

Legal

Registration year: 2021

Token info

Ticker: DIVER
Token price in USD: 1 DIVER = 0.1 USD
Accepted currencies: USDC
Token distribution:
Seed Round - 5.00
Private Round - 8.00
Strategic Round - 2.00
Public Round (Decentralized Offering) - 2.00
Community Rewards - 34.00
Reserves - 20.00
Ecosystem Fund - 10.00
Developers & Early Backers - 15.00
Liquidity Provision Fund - 4.00