The Moment Has Arrived: Liquid Loan Launches in One Week!

We are thrilled to announce that the highly anticipated Liquid Loan will launch in just one week! This milestone event marks a significant step forward for the Algem community and we are excited to share the details with you.

Liquid Crowd Loan Parameters

The Liquid Loan will feature a milestone system where the total reward pool will depend on the amount of ASTR collected. Here are the specifics:

• If 100,000,000 ASTR is raised: The reward pool will be 7% of the total ALGM supply, which equals 7,000,000 ALGM tokens.
• If over 75,000,000 ASTR is raised: The reward pool will be 6% of the total ALGM supply, which equals 6,000,000 ALGM tokens.
• If over 50,000,000 ASTR is raised: The reward pool will be 5,5% of the total ALGM supply, which equals 5,500,000 ALGM tokens.
• If up to 50,000,000 ASTR is raised: The reward pool will be 5% of the total ALGM supply, which equals 5,000,000 ALGM tokens.

Event Duration

The Liquid Loan event will last for three weeks, giving participants ample time to contribute and secure their rewards.

Referral System

Our referral system is designed to reward both referrers and their invitees. Here’s how it works:

• Referrers: Will receive a 5% bonus from the allocation of those they invite.
• Invitees: Who join the Liquid Loan using a referral code will receive a 2% bonus on their allocation.

Details:

1. After you make a deposit in the Liquid Loan, you will be able to generate your referral code.
2. Accordingly, participation in the Liquid Loan is mandatory in order to generate a code.
3. Since there is no referral dashboard, at the end of the event we will analyze all the data and publish the results in the form of a Google spreadsheet. As a result, a bonus allocation will be formed.

Whitelist Bonuses

Participants who are on the whitelist will receive special bonuses during the Liquid Loan. Being on the whitelist not only provides early access but also additional ALGM rewards, participation in the Algem Angels Fund and more. Please read this article https://blog.algem.io/articles/deep-dive-into-the-angels-fund/ describing all the benefits.

Detailed Instructions

We will provide precise instructions and guides before the start of the Liquid Loan to ensure a smooth participation process for all users.

Join the Whitelist Now!

This is your last chance to join the whitelist and secure exclusive benefits. The whitelist application form will close this Friday, so make sure to submit your application now.

Apply for the whitelist → forms.gle/m1K9LK2LwCMCFstb8 

Stay tuned for more updates and prepare for an exciting two weeks of the Liquid Crowdloan event!

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About Algem

Algem is a decentralized application built on the Astar Network and offers two main features: liquid staking and liquid farming. As their names suggest, these two options let ASTR holders keep their assets liquid while putting them to work. Also, the liquid staking and farming solutions let users use Algem’s liquid nASTR tokens across Astar’s Defi ecosystem to earn staking rewards and make more money. In doing so, Algem supports other Defi protocols by providing liquidity and creating a sustainable and cooperative ecosystem on the Astar Network and Polkadot.

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