What is PembRock (PEM)
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%
