Factor DAO has announced the public sale of its native token $FCTR, the utility token for the Factor platform. Factor is an on-chain asset management platform that aggregates multiple DeFi assets and enables the creation of new instruments and strategies.
Factor is a comprehensive solution for protocols looking to increase their Total Value Locked (TVL), treasury managers seeking to hedge exposure and generate yield, and aspiring asset managers who want to build an on-chain track record.
$FCTR holders have the ability to stake and lock $FCTR to receive $veFCTR, which grants them governance rights over the protocol as well as a 50% share of the platform's revenue.
The public sale will take place from 20th to 24th February 2023 on Camelot DEX on the Arbitrum chain. 10% of the total $FCTR supply will be available for the public sale and will be distributed through a fair launch, price discovery model. The starting price for $FCTR will be $0.10, and the final price will be set at the end of the public sale based on demand.
Arbitrum
DeFi
