Token Generation Event Details
Gemstones Finance would like to extend sincere gratitude to everyone who participated in our presale. We know that a lot of you missed out, as we were oversubscribed in under 6 hours! Don’t worry you are still early. We are just getting this gem polished.
Assuming everyone who has been whitelisted deposits funds in time, our numbers break down as follows: 20 people got package B and 120 people got package A resulting in 2,600,000 total tokens in allocations. Starting liquidity will be added at .06 cents / GMS leaving the total value of presale tokens at: $156,000.
Keep your eyes on our social media pages for an announcement on the beginning of the distribution process. Whitelisted addresses will have 24 hours to connect their EVM compatible wallet (such as Metamask) to deposit their USDC on Polygon (RPC: https://rpc-mainnet.matic.network) into our distribution contract. If you are unsure of how to get funds over to Polygon, https://twitter.com/arunphilips/status/1391408141934338050 has a comprehensive list of options.
Whitelisted addresses will be able to connect their wallet by clicking the “Unlock Wallet” button at https://gemstones.finance/presale
1) Click “Approve”
2) Click the “Transfer USDC” button to deposit the funds into the contract.
3) Once the token contract is live, an “Unlock GMS” button will appear. Click this and the GMS will be sent to your wallet.
Anyone that does not make their deposit in time, will be replaced by another wallet address from the presale overflow. Make sure to be in our main telegram channel where we will tag selected applicants.
Upon launch $50,000 GMS-USDC and $50,000 GMS-MATIC worth of liquidity will be added to Sushiswap. To cover preliminary team expenses and grow the protocol $50,000 more GMS will be minted. Half of this will be locked for three month, as will the starting liquidity. A grand total of 4,266,66 GMS ($256,000) will be minted upon launch. The initial circulating supply will be 3,250,000 GMS with an initial Market Cap of $195,000, of which 833,333 GMS are locked in LPs.
Our starting mint rate is 12 GMS per a block, but this won’t last long as we are dedicated to deflation and sustainability. Make sure to follow our social media pages for a deep dive into the tokenomics of Gemstones Finance. Our initial liquidity will be added to Sushiswap at 4 PM UTC on 6/16/21. You will be able to claim your tokens shortly after.
Twitter: https://twitter.com/GemstonesDefi
Telegram: https://t.me/gemstones_finance
Telegram Announcements: https://t.me/GemstonesFiAnn
Website: https://gemstones.finance,
