We are stoked to announce that ShineDAO supporters will have access to Kassandra DAO private sale funding round through the Shine launchpad. The private sale will be held at 3:00 pm UTC on Friday, Jan 14th.
About Kassandra DAO
Kassandra is a decentralized autonomous organization that governs a set of tokenized data-driven investment funds, bringing a new class of investment products to the DeFi ecosystem: actively managed investment baskets without compromising the pillars of decentralization. All investment products made available through the Kassandra Protocol are permissionless, non-custodial, and actively managed by a third party.
The Kassandra Protocol allows partnerships with quantitative investment funds, external data providers, and fund managers to create a diversified portfolio of investment products, all managed by the Kassandra DAO.
The Kassandra DAO is controlled by the holders of the $KACY governance token, which is used to vote on proposals for protocol updates, to manage the existing investment products, and to create new products with new management strategies.
As for traditional fund managers, the Kassandra DAO benefits directly and indirectly from the success of the investment products deployed through the Kassandra Protocol.
After successful testing of their demo (deployed on Fuji Test Network), Kassandra DAO is looking to close their private investment round before IDO on Penguin Finance planned in Januray 2022.
Tokenomics
- Total Supply: 10,000,000 $KACY
- Private Sale through the Shine Launchpad: 250,000 $KACY (2,5%)
- Rate ≈ $0.49 / $KACY
- Private Sale Total Raise: $110,000
Please find more info on the project detail page.
How to Participate?
⚠️ Please make sure to carefully read all the steps!
- To be able to invest in the private sale of Kassandra DAO, you will need to acquire a predefined amount of Shine tokens ($SHN) on the Polygon network as shown in the table below. You can find info on how to get SHN and add it to your MetaMask in our docs. SHN will also grant you different roles in the ShineDAO community, you can learn more about them here.
2. If you have $SHN tokens on the Ethereum mainnet, please bridge to the Polygon network following the steps described in this article.
3. The rate is denominated in dollars, however, the funds will be raised in $MATIC (not $USDC). Please make sure to have enough $MATIC to participate.
4. All tiers will have access to the private sale at 3:00 pm UTC on Friday, Jan 14th, following the “first come first served” principle.
5. Since the $KACY token is not yet launched, ShineDAO will issue a $KACY snapshot token ($KSAT). Snapshot of the bought $KSAT tokens will be taken as soon as the sale is finished and forwarded to the Kassandra team who is going to stake/vest the amounts to addresses who participated in the Private Sale and distribute $KACY on AVAX mainnet. To mitigate the risk, there is a binding investment agreement between ShineDAO’s legal representative and Kassandra’s legal representative.
6. Please note that 10 $KSAT = 1 $KACY. This doesn’t affect the $KACY rate but is the hacky solution to increase the accuracy of snapshot taken after the private sale.
7. Private sale $KACY tokens will be, subject to 3 months locking period from TGE (token generation event) and released in linear vesting in the next 9 months.
8. TGE (token generation event) will happen at IDO planned in January 2022 (with a token price of $0.7 per $KACY — 43% higher than the private sale).
About ShineDAO
ShineDAO community is a group of ambitious contributors with different backgrounds, skill levels, and availability. We share a mission to found, support, and become early adopters of promising Web3 technology. Complete the onboarding to learn more about getting involved with our projects.
