The Great Fill: Phase II
The Great Fill (TGF) Phase 1 was a resounding success, with the 1MM USD allocation selling out within seconds at a valuation of 45MM FDV, making the total raised by the protocol 7MM. A portion of these funds were used to create Protocol Owned Liquidity (POL) for Fungify Pools, while a portion was earmarked to support the coming FUNG/ETH liquidity pool.
TGF Phase 2 follows the same blueprint. A portion of the funds will serve as POL for the Index, while the rest will be earmarked to support the FUNG/ETH liquidity pool. This article details everything you need to know to participate.
The amount raised during TGF Phase 2, starting on Feb 28th @ 5PM UTC, will be equal to 2.76MM USD. This represents 4% of the token supply (40,000,000 FUNG) at a valuation of 69mm FDV. This valuation was voted on by existing token holders. At the conclusion of the event, 1.3% of the token supply will be paired with a portion of the proceeds of the sale to provide liquidity for the FUNG/ETH Uniswap v3 pool.
All contributions will be made in ETH and result in the purchase of FUNG tokens at a price of $.069 per FUNG. These tokens will have no lockup and will be immediately tradable upon the completion of the sale.
The event is open to the public on a first-come-first-serve basis, with a contribution limit of $50,000 per wallet. Eligibility is restricted to wallets with transaction histories predating this announcement. As with the last TGF event, the team will manually review all transactions to ensure compliance with the rules. Any wallet identified as attempting to bypass the rules will result in the community voting on the course of action necessary to redress the offense.
The sale is not available to users from the United States.
The countdown has begun, the sale will occur here.
NFT Mint
At the conclusion of the sale, the ██████████ collection becomes available for mint. These NFTs are only obtainable using FUNG token and employ our ve404 model. All details of the mint will be published prior to the start of the sale.
Dive Deeper
Website | Docs | Twitter | App
Join us on Discord