 | PembRock (PEM)IDO  PembRock Finance is the first leveraged yield farming application on NEAR Protocol. Benefit from greater liquidity for larger yields — all on the NEAR blockchain! PembRock IDO Announcement 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
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OpenWhat is PembRock
PEM is the native token that helps PembRock Finance to function. It is used: To stake within the PembRock Finance ecosystem — with rewards paid out in PEM. As a part of our reward mechanism for interacting with our protocol. As an additional bonus for those who provide funds to our liquidity pools. For DAO participation — users can stake PEM to receive xPEM, our governance token.
Greater Profits Unlocked. Boost your portfolio — leveraged yield farming gives participants the opportunity to increase their stake with borrowed funds and maximize their profits. Managed by Community. Our community is in the driver's seat of PembRock Finance's development and evolution. Supported by Near Foundation. PembRock Finance has been created with the support of the NEAR Foundation, which delivers grants to developers wishing to expand the NEAR ecosystem with new financial tools.
DetailsIDO (SmartPad Launchpad): May 16, 2022 - May 31, 2022Token supply: 160,000,000 PEM Soft cap: 6,000,000 USD Hard cap: 8,000,000 USD LegalBlockchain Platform: NEARRegistration country: Ukraine Registration year: 2021 | Token infoTicker: PEMType: Cryptocurrency Token price in USD: 1 PEM = 0.1 USD Token distribution: DAO Balance for future projects - 40% IDO - 5% Community Treasury - 15% Long term investors - 16.25% PembRock Labs Incentives - 12.5% LP incentivization program - 7.5% Early PEM contributors & NEAR Ecosystem - 2.25% Initial LP on Ref.finance - 1.5% |
PembRock Roadmap
- Research of Ref.finance
- Development of crypto-economics
- System token
- Contract architecture
- Vesting contract
- Ref. finance integration
- Landing page development
- Application simple front-end
- Borrow/lending mechanics
- Basic yield farming
- Liquidating positions
- Reinvest mechanics
- Final leveraged yield farming
- Front design with all functionality
- Deployment of smart contracts to the testnet
- Creation of PEM-NEAR liquidity pool
- Audit of smart contracts
- Last changes to crypto-economics
- Deployment to the mainnet
Project team
Social media
