The SSGT Pre-sale will take place Wednesday, May 5th at 5 pm UTC, whitelist registration closing on Wednesday, May 5th at Noon UTC
Following our AMAs in our own Telegram group, the BitSquad Telegram group, and coverage by influencers on the upcoming SafeSwap Governance Token, SSGT, pre-sale, we’re excited to open whitelist registration for the SSGT pre-sale!
SSGT is instrumental to achieving our vision of being the most complete DeFi ecosystem in the industry. The token enables bottomless liquidity on SafeSwap, streamlines governance voting, provides YF-DAI holders allocation boosts in LaunchPad pre-sales, and more.
Here is a full list of of SSGT utilities:
1. DAO Governance: 2500 SSGT are required to participate in governance voting.
2. SafeSwap Liquidity Rewards: Liquidity providers can use LP tokens to earn SSGT
3. Staking Rewards: Staking SSGT rewards 72% a year SSGT (APY)
4. Pre-sales Allocation Bonus: Staking or farming YF-DAI is the only way to qualify for LaunchPad pre-sales. Staking or farming an equivalent amount of SSGT (per the ratio below) for at least 60 days will increase your pre-sale allocation.
Now, let’s recap the pre-sale registration process and tokenomics.
SSGT Pre-Sale Registration Details
The SSGT pre-sale snapshot has been completed and the SSGT pre-sale will only be open to anyone that has staked or farmed YF-DAI for 15 days or more. The SSGT late eligibility snapshot will take place at 11 pm UTC on Monday, May 3rd.
(Note — If you do not meet that requirement, it is still worth to stake or farm now to not miss our next pre-sale which is just around the next corner).
The allocations will be based on the amount of YF-DAI you have been staking/farming with our usual multipliers added for time staked/farmed.
The more YF-DAI you have staked or farmed and the longer you do so, the higher the allocation of SSGT you will be able to purchase in the pre-sale.
Pre-sale Requirement: To ensure we can offer as high maximum allocation caps as possible, we need to ascertain that eligible users (per our snapshot) want to purchase SSGT. Therefore, we have created an ‘Expression of Interest’ form for interested YFDAI stakeholders to fill out in order to be whitelisted for the pre-sale.
To register for the SSGT pre-sale, please complete this whitelist registration form: https://docs.google.com/forms/d/e/1FAIpQLScsl_qW19NlADl3SDCQm62UwRyPZ4hQGaoujDTCVm8Gs8o7jQ/viewform?usp=sf_link
Registration Timing: The whitelist registration form is now open and will close at Noon UTC on Wednesday, May 5th.
Whitelist Audit: Once the form closes, we will take the completed registrations and cross reference them with the pre-sale snapshot to produce the final list of whitelisted addresses which will be provided prior to the first guaranteed allocation round.
Please Note: THOSE THAT DO NOT COMPLETE THIS EXPRESSION OF INTEREST FORM WILL NOT BE WHITELISTED. ONLY COMPLETE THIS FORM IF YOU HAVE BEEN STAKING OR FARMING FOR 15 DAYS OR MORE OR IF YOU HAVE QUALIFIED LATE ELIGIBILITY FOR THE SSGT PRE-SALE BY PURCHASING AND STAKING A MINIMUM OF 2 YF-DAI TOKENS BY 11 PM UTC ON MONDAY, MAY 3RD.
SSGT Tokenomics Review
The SSGT tokenomics ensure that there will be plenty of liquidity on SafeSwap as well as rewards for YF-DAI holders committed to the project. The maximum token supply for SSGT is 210 million tokens.
In review, here is the high-level overview of SSGT tokenomics:
SSGT Token Metrics: View Spreadsheet
Note: Any tokens not claimed in the claiming period will be used toward the staking fund after the respective distribution periods.
SSGT Pre-Sale Details
The SSGT Presale will launch on YFDAI LaunchPad and will only be available to those Staking or Farming YF-DAI for at least 15 days (late eligibility exception detailed below).
SSGT Pre-sale to Listing Breakdown
- SSGT Pre-sale: On LaunchPad, only available to stakers/farmers
- 4.5% of total supply
- 6 month token distribution: 25% at TGE, 15% per month after
2. SSGT Public Sale: On LaunchPad, require white-list registration
- 1.5% of total supply
- 100% unlocked and distributed at TGE
3. SSGT Listing: Initial listing on SafeSwap and Uniswap
SSGT prices will be as follows:
- LaunchPad pre-sale price: $0.05
- LaunchPad public sale price: $0.075
- Listing Price: $0.11
SSGT In-Depth Analysis Articles
Part 1: Tokenomics and Presale: https://yfdaifinance.medium.com/ssgt-in-depth-analysis-tokenomics-and-pre-sle-details-3940edc3b20b
Part 2: Airdrops and Loyalty Bonuses: https://yfdaifinance.medium.com/ssgt-in-depth-analysis-airdrops-and-loyalty-bonuses-ef429233b00
Part 3: NFT Rewards, Token Utilities and Governance https://yfdaifinance.medium.com/ssgt-in-depth-analysis-token-utilities-nft-rewards-and-governance-441aa351307e
Part 4: Summary and Key Takeaways https://yfdaifinance.medium.com/ssgt-in-depth-analysis-summary-and-key-takeaways-701af8ec9374
The SSGT Pre-sale will live this Wednesday at 5 pm UTC. Stay in our Telegram announcement and main channel for updates! On behalf of the entire YFDAI team, we want to thank you for being such a supportive and engaged community.
Farming — https://farm.yfdai.finance
Staking — https://stake.yfdai.finance
Website — https://yfdai.finance
Telegram Community — https://t.me/yfdaifinance
Telegram Announcements — https://t.me/yfdai
Discord — https://discord.gg/S3GRXRC
Bitcointalk — https://bitcointalk.org/index.php?topic=5295276.new#new
Reddit — https://www.reddit.com/r/YFDAI