jasonmeinzer.eth 🎩↑
@jasonmeinzer
Dex getting updated momentarily with following info with @bountycaster bounty incoming to architect the automated distros: The Clanker Index is a synthetic index fund envisioned to provide holders exposure to the Top 25 Clanker tokens, such as $ANON, $LUM and $BLONDE amongst others. The Clanker Index is the debut vehicle from memeticindex.com, a platform for innovative onchain synthetic index funds. Distributions, if any, are intended to be airdropped or made claimable monthly to token-holder wallets, allocated pro-rata based on individual holdings and the index’s collective performance across the Top 25 tokens. (continued 👇)
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jasonmeinzer.eth 🎩↑
@jasonmeinzer
The Distribution Methodology (subject to change) proposes to allocate 25% of the prior month’s LP fees obtained by the fund for distributions to the Top 50 token holders for index performance between 25% and 199%, 50% for performance between 200% and 499%, and 75% for performance exceeding 500%. For example, if $10,000 in fees were collected and the index achieved 250% performance (e.g. total market cap grew 2.5x from $100M to $350M), $5,000 could be distributed to holders. A wallet holding 10% of the total supply could receive $500, while a wallet holding 1% could receive $50. Alternatively, distributing the entire $5,000 could be distributed to a single holder with a no-loss prize vault via pooltogether.com and/or withfabric.xyz. (continued👇)
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Maretus
@maretus
Heya Jason, do you/your team have a lot of experience with finance/crypto? This sounds great, but lots of things in crypto do. This seems like it might be rather complicated to execute so I’m curious how your team will approach it. Is there a roadmap or anything?
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Lanxing
@lanxing
hello, how could you gurantee that clankerindex can reflecx 25 coin ?
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