$CLAIM Token Introduction
“I TRUST YOU” must be one of the most touching words in the world.
What is “Finance”? In the Webster’s dictionary defines as “the management of large amount of money, especially by governments or large companies.”
But what makes you believe the government or companies could manage your money well? Why you believe you have got the best incentive you should have, or even you could got back all your assets？
You must never think about those questions might be a problem to you. WHY? Cause you are all TRUST on. Never doubt about it.
What is “DAO” (Decentralized Autonomous Organization), might not be a new word to us, but are you one of the real DAO members? Or just stay aside take a look, never say anything. DAO is not only family stay away from windy or rainy, but also our future coming from.
Finance is built on Credit and Trust. Everyone who under the Finance could have the power to vote, to celebrate their ideas or opinions to celebrate yourself. Finance is our dreaming house where we could got support any time. Currently, it is somewhere between funds and management, deposit and borrowing. Finance is a great web, could include every action in economy, every move will have its own credit value and be marked and usable.
There comes the “CLAIM”, a new generation credit stable coin, any On-chain collateral asset has its credit value inside which has not been fully discovered till now will be check out.
All could be Credited and Loyalty Return is our “CLAIM”.
Claim Protocol
Claim is a platform that empowers users to get advances on their yield by minting a synthetic version of their collateral up front (currently only DAI), using various mechanisms to peg the synthetic token to deposited asset.
The $cUSD is a stablecoin which anchored in $DAI as underlying assets. The Vault mines $cUSD in a 1:1 ratio after accepting deposits, and users are supported to redeem $DAI in vault in the same proportion. At the Genesis launch period, all the deposits will be put through the Vault contract, and the Claim Protocol will use the assets and search for the best profit strategy in the market of the investment. Vault aggregates the assets into the preferred head income mining platform (Yearn at the beginning of the launch). While $cUSD can exchange assets through DEX platform such as curve.fi, it can also participate in project incentives to do market mining, and gain $CLAIM token rewards. At the same time, the Claim protocol supports users to redeem $DAI in vault in the same proportion (1:1).
$CLAIM is the native token of Claim DAO. The DAO is the owner of the Claim Ecosystem. $CLAIM holders are members of Claim DAO and possess ownership of the Claim Ecosystem through the DAO. As the native token, $CLAIM serves as incentives to facilitate governance. Each $CLAIM represents one vote. Overtime, the team will develop more products and services that would accrue value to $CLAIM. Claim protocol will continue to actively engage with top DeFi projects as we have done to upgrade the value of $CLAIM.
Mutual Funds and “Loyalty Return”
At the beginning of launch, we hope that the Claim Protocol platform governance token $CLAIM could be widely held by community users. Mutual funds use the main port (80%) of the profits to purchase CLAIM-Dai LP token. The remaining 20% will be used as a community mutual fund, governed by DAO. As the project process progresses, the distribution of benefits of Mutual fund pool will be more deployed by community DAO.
From the moment a user deposits $DAI into the Vault, they will begin accruing their voting points. The longer a user stakes, the higher TVL Claim Protocol collected, the higher value of $CLAIM will be, the more $CLAIM a user collect for sure as well. And the virtuous asset cycle is born and moving healthy. We call this “the Loyalty Return”.
$CLAIM Token Supply and Distribution
A total of 100 Million $CLAIM tokens is minted at genesis. Below is the information of the pie chart and the distribution of the tokens.
Tokenomics
Token symbol: $CLAIM
Token Standard: ERC-20
Maximum supply: 100 Million $CLAIM
ERC-20 Token Contract address:
0x13154efe79d4d7f86407d56f8f6a1b07fb0b80ff
#Please do not trust any other contract address that is different from the above#
Category Details
-Community Treasury
80% of the maximum supply (80 million) is held by the community and distributed through income mining.
-Eco Funds
10% of the maximum supply (10 million) is held by the Ecological Fund, which is mainly used to support external cooperation in the ecological construction of the project and other necessary project funding needs. Eco-fund tokens will be linearly unlocked month by month according to the 12-month time cycle.
-Team Funds
10% of the maximum supply (10 million) is held by the core team to provide team incentives and the cost of daily product research and development. The team funds are subject to a 3 months lockup period and then are linearly unlocked over an additional 12 months.
Yield Farming
To fully mobilize the enthusiasm of community participation, the team decide to take out 10% of the total supply at the Genesis period, and complete the first phase of token community distribution through fair launch.
From Day 0 to Day 21st, will have DAI mining pool with a 10K staking cap. 75% of $CLAIM for rewards will allocated.
From Day 28 to Day 49, another 3 pool will be added, cUSD-3CRV LP pool, CLAIM-Dai LP, $CLAIM, and the rest 25% rewards will be allocated.
Governance- Claim DAO
Governance of the Claim Protocol Ecosystem is carried out by Claim DAO, consisting of $CLAIM token holders. To ensure the participation of the community and to lower the threshold of governance, Claim DAO will be promoted by all $CLAIM token holders through an off-chain voting mechanism.
-The type of assets deposited and related parameters supported by the claim agreement.
-The purpose of DAO Treasure funds.
-Other matters related to ecological development and product direction
Team community leaders launched an off-chain Snapshot voting proposal, $CLAIM holders vote by staking their token on proposal contracts. The number of votes in support is no less than 2% (2 Million) of total supply of $CLAIM; more votes in “FOR” than “Against”, both conditions are satisfied, the vote could pass. The vote polling cycle is 24 hours, after the deadline, the team will make the result of voting public and complete the chain contract deployment.
Official Links
Website: https://claim.xyz
Twitter: https://twitter.com/claimdotxyz
Medium: https://medium.com/@claimfinance
Telegram group: https://t.me/claimofficialcommunity
