💚LARA presale
Everything you need to know about the presale
Valuation
Currently, there are exactly 2,1 billion TARA staked.
Considering the success of predecessors and the ease Lara brings to stakers, we are aiming to capture a conservative 30% of the TVL which would provide a TVL valuation of 3.436.020 USD without considering the attracted new stakers since the barrier to entry will be lowered significantly. Looking at other restaking/liquid staking protocols, and factoring in the huge upside Taraxa has as an ecosystem, we aim for a short-term Market Cap of 1.374.408 USD(40% of TVL).
When we're talking about the value of $LARA tokens, we aim to represent the total value that Lara manages & through Lara it secures the Taraxa network, factoring in the tokenomics of our predecessors on other chains. We strongly believe that this value will skyrocket in the mid-term and will steadily keep increasing ever after.
Token Generation Event
At the $LARA contract deployment, 1.000.000.000(1 billion) maximum supply will be minted(ERC-20) and distributed according toTokenomics.
Presale price
For the 10% presale allocation, we'll provide a 10% discount to early supporters and DAO enthusiasts. The exact price will be determined at TGE, but at the time of writing, this would mean a total presale valuation pool of ~140 000 USD (140 thousand), resulting in a token price of 1 $LARA ~ 0,0014 USD or 1 LARA ~ 0,256 TARA . While this doesn't leave us too long of a runway, we're committed to seeing the #TARA price rise hoping for an extended valuation, and thus an extended runway in terms of USD.
Presale Process - LIVE on the 28th of July 4 PM CEST
The official Lara Presale has been announced in collaboration with a group of mid-sized KOLS on all our social media accounts.
Our presale is officially sold out after just ~6 hours. We're grateful for the supporting community.
How to participate
When the presale will open, you'll have the chance to exchange your $TARA for at least `1000 $LARA` on the official presale page.
$TARA for at least `1000 $LARA` on the official presale page.Terms of service:
Users must hold $TARA tokens to be able to participate.
On the morning of the presale the $LARA TGE will happen and the official contract address(CA) will be communicated & source code uploaded to Sourcify & Tara.to for fairness.
On the
Presale pageusers will be able to directly interact with theLara Token contractto swap their $TARA tokens for $LARA tokens on the ratio listed exactly below the swap
To ensure fairness in distribution, we impose a one-time swap upper limit of 5.000.000 TARA at a time.
Once you hit your1M TARA swap limit, you will be waitlisted for 900 blocks(cca 1 hour). After that, you can swap again.
The presale will last exactly 7 days from the moment of announcement. After that, the presale contract will not accept transactions anymore. All tokens not claimed will be burned, reducing the total supply forever.
From the moment you own $LARA, you'll be granted the opportunity to raise improvement proposals as well as vote on other proposals.
Trading $LARA will not be supported via DEX-es only after protocol launch.
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