Note on vesting - 50% at TGE ($CRUIZE - native token), 50% vested in 3 months ($ARMADA - escrowed $CRUIZE)
Participation details
Capped Liquidity Generation Event
The liquidity generation event will be open on Ramses Exchange from 24th April 2023 until 1st May 2023.
There will be no whitelisting requirements and the sale will be completely open for anyone to participate.
The event will have a total hard cap of $5M at a max FDV of $25M.
How is the price determined?
You can contribute with $USDC in exchange for 50% $CRUIZE and 50% $ARMADA (escrowed $CRUIZE) tokens, which are to be claimed 48 hours after the end of the sale.
10,000,000 $CRUIZE and 10,000,000 $ARMADA (20% of the total 100,000,000 supply) will be allocated to the sale.
The final price is therefore determined as:
Total USDC raised / 20,000,000
Claiming process
The public sale will last until May 1st, 1:00 PM UTC. The purchased tokens will be entirely and directly claimable from this same page. In order to align the long-term objectives of the protocol, 1/2 of the LGE will be distributed in $CRUIZE, with the other 1/2 in $ARMADA.
Sale Rewards
Every sale participant is eligible for a bonus reward on their contribution
1. Participants who contribute to the first $2.5M raised are eligible for a 10% reward. 2. Participants who contribute to the next $1.5M raised are eligible for a 5% reward. 3. Participants who contribute to the last $1M raised are eligible for a 2.5% reward.
*All rewards will be divided equally as 50% in $ARMADA & 50% in $USDC or $ARB
Airdrop for veRAM holders
veRAM holders are eligible for an additional airdrop in addition to the above incentives. 0.5% of the $CRUIZE supply will be available for the airdrop in the form of $ARMADA (equal to 500,000 $ARMADA).
In order to be eligible for the airdrop, a participant must have locked more than 3000 veRAM from their participating wallet.
The individual airdrop allocation will be based on how much USDC an eligible veRAM holder contributes to the sale.
