Euclid IDO breakdown: ECL tokenomics and $2M launch valuation
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Breaks down Euclid's ECL tokenomics: 100M supply, 15% airdrop to restakers and operators, 26.33% IDO with a 20% unlock, 20% operator incentives and no team presale. Launch valuation of $2M versus billion-dollar peers.
Key claims
IDO at a $2M launch valuation
Airdrop is 15% of supply, 10% restakers and 5% operators
IDO is 26.33% of supply with 20% initial unlock
🚨 The @Euclidfi IDO is just a few hours away! 🚨
Omni-chain restaking protocol launching at $2M mcap while all competitors are valued in the billions. This will be a moon mission. 🚀✨
What you need to know 👇
@Euclidfi offers an omnichain liquid staking token (elETH) representing restaked ETH assets with a focus on L2s and innovative DeFi integrations. It establishes a trustless & permissionless operator network inspired by @Rocket_Pool and aims to enhance the accessibility, security, and decentralization of @eigencloud while fostering a robust and secure DeFi ecosystem. It's being built by the same team that is behind @Equilibriafi.
🧠 Euclid Unique Value Propositions (UVP):
✦ Focus on emerging L2 ecosystem
✦ Simple and gas-efficient solution
✦ Innovative use cases in DeFi (alpha coming soon)
✦ Auto-Compounding Restaking Yield
✦ Experienced and reputable team
✦ Strong partners & backers
🧠 Tokenomics:
✦ Token Name: ECL
✦ Total Supply: 100,000,000.
🧠 The token distribution looks as follows:
✦ Airdrop (15%): Split between Restakers (10%) and Operators (5%), with phased distributions and a 12-month vesting for Restakers and a 6-month vesting post a 3-month lock-up for Operators.
✦ Initial DEX Offering (IDO) (26.33%): For public sale, with a 20% initial unlock and 6 months of linear vesting.
✦ Marketing (3.67%): Allocated for promotional efforts, with a 20% initial unlock and 9 months of linear vesting.
✦ Genesis Liquidity (8%): Fully unlocked at TGE for initial liquidity, with unused tokens returned to the treasury.
✦ Operators Incentives (20%): To reward the Operator network, with a 24-month linear vesting.
✦ Treasury (12%): For incentivizing elETH adoption, with a 24-month linear vesting.
✦ NGAD/Advisors (15%): For incubating contributors, with a 3-month cliff and 21-month vesting, ensuring a fair launch without pre-sales or team allocations.
🧠 The IDO Opportunity:
✦ Launch Valuation: $2M
✦ IDO platform: @bounce_finance
✦ IDO period: April 2, 8AM UTC ~ April 4, 8AM UTC
✦ Eligibility: E-Points holders & $AUCTION stakers*
* ) check eligibility/allocation in the quoted tweet.
While the TVL is currently still far behind the top 5 restaking protocols, @Euclidfi offers a unique opportunity to get exposure to the restaking narrative at a fraction of the valuation of any other protocol in the space. They have a great vision, a capable team and strong backing. Could bring huge multiples.
Will definitely fill my allo on this one. 🚀
Don't fade @eigencloud season anon. ✨
QUOTING @Euclidfi
The Euclid IDO is just 35 hours away on @bounce_finance. Are you prepared? Here's some key information to note before the IDO🔥 $ECL Tokenomics ▶️ t.co/zXXKgTkNKe IDO Allocation for E-Points holders ▶️ t.co/v8snPPznj4 🔔 The E-Points shown in the sheet are specif
The Euclid IDO is just 35 hours away on @bounce_finance. Are you prepared? Here's some key information to note before the IDO🔥 $ECL Tokenomics ▶️ t.co/zXXKgTkNKe IDO Allocation for E-Points holders ▶️ t.co/v8snPPznj4 🔔 The E-Points shown in the sheet are specif
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What came next · since 02 Apr 2024
Since then
Zero has written 2 more pieces on $ECL since this one.
- Euclid tranched delegation: slashing protection for restakersCovers $ECL
- Euclid ECL bull case at a $2M IDO valuationBullish call on $ECL