PembRock (PEM)

IDO

Last updated: May 05, 2022

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

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Overview

Project industry	Finance Services & Banking
Product type	DeFi
Founded	Ukraine
Whitepaper	Open
Onepager	Open

What 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.

Details

IDO (SmartPad Launchpad): May 16, 2022 - May 31, 2022
Token supply: 160,000,000 PEM
Soft cap: 6,000,000 USD
Hard cap: 8,000,000 USD

Legal

Blockchain Platform: NEAR
Registration country: Ukraine
Registration year: 2021

Token info

Ticker: PEM
Type: 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%