London, UK – (Newsfile Corp. – November 20, 2021) – rASKO Money Market has announced that the IDO offering on DxSale will begin on November 26. At the heart of the money market is ‘ASKOLend’, a single multi-chain non-custodial borrowing and lending platform that was originally derived from the Compound protocol, but was later extensively modified to include a cash management function. automated risk, enabling a wide range of crypto assets. be offered for borrowing and lending. We call it “Compound on steroids”.
The rASKO Money Market is designed to accommodate a wide range of lender and borrower strategies and use cases, offering multi-level loans with automated liquidation tools. Any user can become a lender and borrower, create a money market for their preferred token, or simply participate in existing token asset pools already offered on the platform, including swaps and farms.
The rASKO Money Market includes the rASKO “Risk Token Swap”, rASKO “LP token Farms”, rASKO “Borrowers’ Rewards Pool” and rASKO “Cohort Farm”, which provide money market participants with incredible opportunities to borrow, lend, earn. returns, fees and rewards.
The rASKO token on BSC (BEP20) is a utility and reward asset that drives the rASKO money market, it also supports a deflationary token economy with monthly burn and redemption. The fixed supply is 1 billion rASKO tokens which are released in stages organically into the marketplace over time through cohort farming, earned rewards and the APR of the rASKO token lender. The outstanding supply of rASKO tokens will be capped at 100 million tokens at the launch of the money market, with the remaining tokens held in ASKO DAO treasury. Team token allocations will vest on a linear basis over 24 to 36 months.
rASKO IDO Details on DxSale
IDO Date: Friday November 26 – 29
IDO rate #DxSale: 58,700 rASKO per BNB
IDO #DxSale round starts: November 26, 2021 at 8:00 p.m. UTC
#DxSale IDO Round ends: November 29, 2021 at 8:00 p.m. UTC
Minimum contribution 0.1 BNB
Maximum contribution 4 BNB
Liquidity release date May 29, 2022 at 8:00 p.m. UTC
Announcement #Apeswap November 29, 2021
Join the IDO: https://dxsale.one/app/v3/defipresale?saleID=1470&chain=BSC
ASKO public links:
Media contact –
RASKO money market
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104521