Neptune Finance Launches Liquidity Bootstrapping Event on Mito Finance Launchpad

Introducing Neptune Finance’s $NEPT Liquidity Bootstrapping Event

Neptune Finance Initiates $NEPT Liquidity Bootstrapping Event on Mito Finance’s Launchpad

Today, Neptune Finance (Neptune), a leading credit network lending protocol, has announced the commencement of its $NEPT Liquidity Bootstrapping Event, scheduled to run until December 17, 2024, at 18:00 UTC.

Key Details of the Event

NEPT Token Supply, Initial Listing Price, and Trading Platforms

Neptune Finance offers a total NEPT token supply of 20,000,000, available on Mito Finance’s Launchpad at an initial listing price of $2 per $NEPT. The $NEPT token will first trade on Injective DEX markets, with plans for CEX listings in the near future.

Token Sale Mechanics and Vesting Details

Participants in the token sale are required to use INJ tokens for the sale and gas fees. The sale will convert participants’ $INJ into a combination of 50% $NEPT and 50% $NEPT/$INJ LP based on their contribution. $NEPT can also be staked during the sale, with various locking tiers and staking utility features. Team and investor tokens have a vesting period of 36 months with a linear unlock mechanism.

Future Plans and Milestones

Neptune Finance has recently updated its tokenomics and achieved significant milestones, including the launch of loop staking and listing $SOL. The protocol is on the brink of releasing its next phase, marking a significant advancement in reshaping the DeFi landscape.

About Neptune Finance

The Role of Neptune Finance in the DeFi Ecosystem

Neptune Finance is a forward-thinking credit network and high-yield lending protocol that aims to enhance capital efficiency for lenders, borrowers, and DeFi service providers. With its innovative rates controller, Neptune ensures a dynamic adjustment of interest rates to optimize savings for both lenders and borrowers, positioning itself as a top-performing protocol for DeFi service providers and developers.